S&CO Inc. Trims Stock Position in Charter Communications, Inc. $CHTR

S&CO Inc. cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 70.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,143 shares of the company’s stock after selling 10,020 shares during the quarter. S&CO Inc.’s holdings in Charter Communications were worth $864,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Dodge & Cox lifted its stake in Charter Communications by 6.1% in the 3rd quarter. Dodge & Cox now owns 11,807,549 shares of the company’s stock valued at $3,248,316,000 after buying an additional 681,063 shares in the last quarter. Vanguard Group Inc. increased its position in Charter Communications by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock worth $2,139,330,000 after buying an additional 885,935 shares in the last quarter. State Street Corp raised its holdings in shares of Charter Communications by 22.7% in the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after acquiring an additional 1,475,383 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock worth $619,885,000 after acquiring an additional 1,617,148 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Charter Communications by 30.3% in the third quarter. Invesco Ltd. now owns 2,407,731 shares of the company’s stock valued at $662,379,000 after acquiring an additional 559,361 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charter Communications

In related news, Director Wade Davis bought 5,728 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the acquisition, the director owned 6,925 shares in the company, valued at $1,203,011. This trade represents a 478.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Balan Nair purchased 1,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were bought at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the purchase, the director owned 12,029 shares of the company’s stock, valued at $2,110,608.34. This trade represents a 9.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 10,196 shares of company stock worth $1,767,822. 1.10% of the stock is owned by company insiders.

Charter Communications Stock Performance

NASDAQ CHTR opened at $140.33 on Friday. The business’s 50-day moving average price is $204.83 and its 200 day moving average price is $209.90. Charter Communications, Inc. has a twelve month low of $136.63 and a twelve month high of $437.06. The company has a market capitalization of $17.26 billion, a PE ratio of 3.79, a price-to-earnings-growth ratio of 0.25 and a beta of 0.76. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate 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 last year, the firm earned $8.42 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, research analysts predict that Charter Communications, Inc. will post 43 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of recent research reports. JPMorgan Chase & Co. started coverage on Charter Communications in a research report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 price objective for the company. Wells Fargo & Company upped their target price on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Citigroup lowered their price target 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. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Finally, BNP Paribas Exane reduced their price objective on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $304.82.

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.