Charter Communications, Inc. $CHTR Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,948 shares of the company’s stock after buying an additional 496 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Charter Communications were worth $4,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Charter Communications by 1.5% during the first quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company’s stock worth $3,018,909,000 after buying an additional 120,303 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Charter Communications by 53.6% during the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after buying an additional 806,145 shares during the last quarter. Invesco Ltd. boosted its stake in Charter Communications by 7.0% during the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock worth $676,181,000 after buying an additional 120,624 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after buying an additional 1,126,783 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Charter Communications by 22.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock valued at $405,118,000 after purchasing an additional 198,444 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Transactions at Charter Communications

In other Charter Communications news, CEO Christopher L. Winfrey acquired 3,670 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the acquisition, the chief executive officer owned 70,243 shares in the company, valued at $19,183,363.30. The trade was a 5.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Balan Nair acquired 360 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the acquisition, the director owned 9,622 shares in the company, valued at approximately $2,638,448.62. The trade was a 3.89% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CHTR. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $380.00 target price on the stock in a research report on Monday, July 28th. Citigroup lifted their target price on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Morgan Stanley lifted their target price on Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Royal Bank Of Canada reduced their target price on Charter Communications from $430.00 to $370.00 and set a “sector perform” rating on the stock in a research report on Monday, July 28th. Finally, Bank of America lifted their target price on Charter Communications from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, July 1st. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average target price of $410.59.

Charter Communications Price Performance

CHTR stock opened at $266.62 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. The company has a market capitalization of $36.42 billion, a PE ratio of 7.30, a P/E/G ratio of 0.60 and a beta of 1.02. Charter Communications, Inc. has a 12-month low of $254.67 and a 12-month high of $437.06. The business’s fifty day moving average price is $347.52 and its 200 day moving average price is $362.89.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter in the previous year, the company posted $8.49 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.