Exchange Traded Concepts LLC Has $4.21 Million Stock Holdings in Charter Communications, Inc. $CHTR

Exchange Traded Concepts LLC grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 704.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,317 shares of the company’s stock after purchasing an additional 13,412 shares during the period. Exchange Traded Concepts LLC’s holdings in Charter Communications were worth $4,214,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Charter Communications during the second quarter valued at about $1,145,387,000. Allianz Asset Management GmbH raised its holdings in shares of Charter Communications by 48.8% during the second quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock valued at $304,674,000 after acquiring an additional 244,324 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Charter Communications by 15.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company’s stock valued at $644,210,000 after acquiring an additional 209,869 shares in the last quarter. State Street Corp lifted its position in shares of Charter Communications by 3.2% in the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company’s stock valued at $2,651,669,000 after acquiring an additional 198,979 shares in the last quarter. Finally, Holocene Advisors LP boosted its stake in Charter Communications by 71.3% in the 2nd quarter. Holocene Advisors LP now owns 367,607 shares of the company’s stock worth $150,281,000 after purchasing an additional 152,960 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the topic of several recent analyst reports. BNP Paribas Exane cut their target price on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 4th. Wells Fargo & Company dropped their price target on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. Oppenheimer downgraded Charter Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Benchmark decreased their price objective 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. Finally, The Goldman Sachs Group dropped their target price on Charter Communications from $215.00 to $210.00 and set a “sell” rating on the stock in a report on Thursday, December 18th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $321.13.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction that occurred on 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 directly owned 10,146 shares of the company’s stock, valued at $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by corporate insiders.

Charter Communications Stock Performance

Shares of CHTR stock opened at $208.01 on Thursday. Charter Communications, Inc. has a fifty-two week low of $193.00 and a fifty-two week high of $437.06. The stock’s 50-day moving average is $215.77 and its two-hundred day moving average is $280.12. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $26.92 billion, a P/E ratio of 5.77, a PEG ratio of 0.65 and a beta of 1.06.

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

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.