First American Trust FSB Has $4.42 Million Stock Position in Charter Communications, Inc. $CHTR

First American Trust FSB trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 17.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,157 shares of the company’s stock after selling 4,615 shares during the quarter. First American Trust FSB’s holdings in Charter Communications were worth $4,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in Charter Communications by 129.1% in the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after buying an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Charter Communications by 16.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after buying an additional 128 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after buying an additional 435 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after buying an additional 55 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Charter Communications by 451.1% in the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after buying an additional 600 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Christopher L. Winfrey purchased 3,468 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were bought at an average price of $172.23 per share, with a total value of $597,293.64. Following the completion of the transaction, the chief executive officer directly owned 74,409 shares in the company, valued at $12,815,462.07. This trade represents a 4.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas Rutledge sold 69,633 shares of Charter Communications stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the completion of the transaction, the director directly owned 3,968 shares in the company, valued at approximately $573,177.60. This represents a 94.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 20,125 shares of company stock valued at $3,167,116. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Royal Bank Of Canada cut their target price on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. Citigroup cut their price objective on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. JPMorgan Chase & Co. initiated coverage on shares of Charter Communications in a research report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 price objective on the stock. Finally, BNP Paribas Exane cut 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 report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and a consensus price target of $290.38.

Charter Communications Price Performance

Shares of CHTR opened at $137.79 on Thursday. The firm has a market cap of $16.95 billion, a PE ratio of 3.72, a PEG ratio of 0.23 and a beta of 0.71. The firm’s 50 day moving average price is $176.45 and its 200 day moving average price is $200.03. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a twelve month low of $126.70 and a twelve month high of $422.29.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results 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 firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same period in the prior year, the business earned $8.42 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, research analysts expect that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Charter Communications Profile

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.