Fifth Third Wealth Advisors LLC Boosts Position in Charter Communications, Inc. $CHTR

Fifth Third Wealth Advisors LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 404.1% during the 1st quarter, HoldingsChannel reports. The fund owned 5,474 shares of the company’s stock after acquiring an additional 4,388 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Charter Communications were worth $1,182,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC increased its position in shares of Charter Communications by 1,804.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock worth $21,403,000 after purchasing an additional 97,143 shares during the last quarter. Gateway Investment Advisers LLC acquired a new position in shares of Charter Communications in the 4th quarter worth approximately $5,911,000. Norges Bank acquired a new position in shares of Charter Communications in the 4th quarter worth approximately $555,383,000. First Eagle Investment Management LLC boosted its position in shares of Charter Communications by 119.6% during the 4th quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock worth $619,885,000 after purchasing an additional 1,617,148 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its position in shares of Charter Communications by 110.7% during the 4th quarter. Swiss Life Asset Management Ltd now owns 31,239 shares of the company’s stock worth $6,521,000 after purchasing an additional 16,415 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charter Communications

In related news, Director Wade Davis bought 5,728 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average cost of $173.72 per share, with a total value of $995,068.16. Following the transaction, the director directly owned 6,925 shares of the company’s stock, valued at approximately $1,203,011. This represents a 478.53% 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 purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average price of $175.46 per share, for a total transaction of $175,460.00. Following the completion of the purchase, the director directly owned 12,029 shares in the company, valued at $2,110,608.34. This represents a 9.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 20,125 shares of company stock valued at $3,167,116 over the last three months. 1.10% of the stock is owned by corporate insiders.

Charter Communications Stock Performance

Shares of CHTR stock opened at $133.64 on Friday. Charter Communications, Inc. has a 12 month low of $124.05 and a 12 month high of $422.29. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The company has a market cap of $16.44 billion, a P/E ratio of 3.61, a PEG ratio of 0.22 and a beta of 0.71. The firm has a fifty day moving average price of $155.75 and a 200 day moving average price of $194.48.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter in the previous year, the company posted $8.42 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. Sell-side analysts predict that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on CHTR shares. Royal Bank Of Canada cut their target price on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $210.00 price objective on shares of Charter Communications in a research note on Tuesday, May 26th. JPMorgan Chase & Co. started coverage on Charter Communications in a research report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Finally, Citigroup dropped their price objective on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 27th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and an average price target of $278.50.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.