AG2R LA Mondiale Gestion D Actifs Lowers Stock Position in Charter Communications, Inc. $CHTR

AG2R LA Mondiale Gestion D Actifs reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 6.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,698 shares of the company’s stock after selling 245 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Charter Communications were worth $1,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. SouthState Corp acquired a new stake in Charter Communications during the 1st quarter worth approximately $25,000. Salem Investment Counselors Inc. increased its position in shares of Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Charter Communications in the 2nd quarter valued at $28,000. SBI Securities Co. Ltd. lifted its holdings in shares of Charter Communications by 93.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after acquiring an additional 41 shares in the last quarter. Finally, Strengthening Families & Communities LLC purchased a new stake in Charter Communications during the 1st quarter worth $33,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $244.20 on Friday. The company has a market cap of $33.36 billion, a PE ratio of 6.69, a P/E/G ratio of 0.56 and a beta of 1.05. Charter Communications, Inc. has a fifty-two week low of $243.61 and a fifty-two week high of $437.06. The firm has a 50-day simple moving average of $264.77 and a 200 day simple moving average of $332.13. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CHTR. The Goldman Sachs Group initiated coverage on Charter Communications in a research note on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a research note on Monday, October 6th. Sanford C. Bernstein decreased their target price on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Charter Communications in a research note on Friday. Finally, Citigroup assumed coverage on shares of Charter Communications in a research report on Monday, October 6th. They issued a “buy” rating and a $325.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $373.71.

Insider Buying and Selling

In other news, Director Balan Nair purchased 360 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $274.21 per share, with a total value of $98,715.60. Following the completion of the acquisition, the director owned 9,622 shares in the company, valued at $2,638,448.62. The trade was a 3.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher L. Winfrey acquired 3,670 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost 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 approximately $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.83% of the company’s stock.

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.