Charter Communications, Inc. $CHTR Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1,209.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,660 shares of the company’s stock after acquiring an additional 14,464 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Charter Communications were worth $3,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CHTR. First Eagle Investment Management LLC lifted its holdings 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 valued at $619,885,000 after acquiring an additional 1,617,148 shares in the last quarter. State Street Corp lifted its holdings in shares of Charter Communications by 22.7% during the 3rd quarter. State Street Corp now owns 7,961,695 shares of the company’s stock valued at $2,190,302,000 after acquiring an additional 1,475,383 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Charter Communications during the 3rd quarter valued at $327,179,000. Vanguard Group Inc. lifted its holdings in shares of Charter Communications by 13.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock valued at $2,575,630,000 after acquiring an additional 1,130,648 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Charter Communications by 826.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,244,034 shares of the company’s stock valued at $342,240,000 after acquiring an additional 1,109,703 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $145.15 on Monday. The firm has a market cap of $17.85 billion, a PE ratio of 3.92, a price-to-earnings-growth ratio of 0.25 and a beta of 0.76. The firm’s 50-day simple moving average is $196.70 and its 200-day simple moving average is $206.44. 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 1 year low of $136.63 and a 1 year high of $422.29.

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

Insider Activity at Charter Communications

In related news, CEO Christopher L. Winfrey bought 3,468 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the purchase, the chief executive officer owned 74,409 shares in the company, valued at $12,815,462.07. This trade represents a 4.89% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Wade Davis bought 5,728 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was bought at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the purchase, the director owned 6,925 shares in the company, valued at approximately $1,203,011. This represents a 478.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 20,125 shares of company stock worth $3,167,116. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of several recent research reports. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. JPMorgan Chase & Co. assumed coverage on shares of Charter Communications in a report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 target price on the stock. TD Cowen boosted their price objective on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Benchmark cut their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $290.38.

Charter Communications Company 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.