Amundi Has $139.35 Million Stake in Charter Communications, Inc. $CHTR

Amundi lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 20.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,005 shares of the company’s stock after buying an additional 57,138 shares during the quarter. Amundi owned about 0.25% of Charter Communications worth $139,346,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SCS Capital Management LLC grew its holdings in Charter Communications by 62.5% during the 2nd quarter. SCS Capital Management LLC now owns 1,108 shares of the company’s stock worth $453,000 after acquiring an additional 426 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Charter Communications by 64.4% during the 2nd quarter. Epoch Investment Partners Inc. now owns 4,485 shares of the company’s stock valued at $1,834,000 after purchasing an additional 1,757 shares in the last quarter. Veltria Advisors Corp. grew its stake in Charter Communications by 14.4% during the second quarter. Veltria Advisors Corp. now owns 708 shares of the company’s stock worth $289,000 after purchasing an additional 89 shares during the period. First Trust Advisors LP increased its holdings in Charter Communications by 59.4% in the second quarter. First Trust Advisors LP now owns 130,354 shares of the company’s stock worth $53,290,000 after purchasing an additional 48,582 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Charter Communications by 16.7% in the second quarter. Guggenheim Capital LLC now owns 35,955 shares of the company’s stock valued at $14,699,000 after buying an additional 5,154 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Activity at Charter Communications

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a research report on Monday, November 3rd. BNP Paribas Exane reduced their price target on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a report on Tuesday, November 4th. Barclays decreased their price target on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research note on Monday, November 3rd. Sanford C. Bernstein reissued a “market perform” rating and set a $280.00 price objective (down previously from $350.00) on shares of Charter Communications in a research report on Monday, November 3rd. Finally, Benchmark decreased their target price on Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $329.56.

Charter Communications Stock Up 2.6%

CHTR stock opened at $205.10 on Monday. The firm has a market capitalization of $26.54 billion, a PE ratio of 5.69, a P/E/G ratio of 0.65 and a beta of 1.07. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.89. Charter Communications, Inc. has a twelve month low of $193.00 and a twelve month high of $437.06. The stock’s 50 day moving average is $232.18 and its 200-day moving average is $296.81.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The company had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the previous year, the company posted $8.82 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Company 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.