Groupama Asset Managment Invests $1.33 Million in Charter Communications, Inc. $CHTR

Groupama Asset Managment bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,314 shares of the company’s stock, valued at approximately $1,329,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. Vanguard Group Inc. lifted its holdings in shares of Charter Communications by 0.5% during the second quarter. Vanguard Group Inc. now owns 8,231,704 shares of the company’s stock worth $3,365,203,000 after buying an additional 39,944 shares during the last quarter. Geode Capital Management LLC increased its position in Charter Communications by 1.6% during the second quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock worth $1,056,800,000 after acquiring an additional 41,206 shares during the period. JPMorgan Chase & Co. raised its stake in Charter Communications by 53.6% during the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock valued at $851,331,000 after purchasing an additional 806,145 shares during the last quarter. Invesco Ltd. raised its stake in Charter Communications by 7.0% during the 1st quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock valued at $676,181,000 after purchasing an additional 120,624 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Charter Communications by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company’s stock valued at $472,941,000 after purchasing an additional 19,594 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the topic of several research reports. The Goldman Sachs Group began coverage on shares of Charter Communications in a report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price objective on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $280.00 price target (down from $350.00) on shares of Charter Communications in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Royal Bank Of Canada lowered their price objective on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Finally, Wells Fargo & Company cut their target price on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $329.56.

Charter Communications Price Performance

Charter Communications stock opened at $198.95 on Friday. The business has a 50 day simple moving average of $239.00 and a 200 day simple moving average of $305.35. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $25.75 billion, a PE ratio of 5.45, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. Charter Communications, Inc. has a one year low of $193.00 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The company had revenue of $13.67 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $8.82 earnings per share. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insider Activity

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the completion of the transaction, the director directly owned 10,146 shares of the company’s stock, valued at $2,294,822.28. This trade represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by company insiders.

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.