Banco Bilbao Vizcaya Argentaria S.A. Acquires 5,368 Shares of Charter Communications, Inc. $CHTR

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 17.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,731 shares of the company’s stock after purchasing an additional 5,368 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Charter Communications were worth $9,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHTR. WBI Investments LLC lifted its position in Charter Communications by 74.9% during the 2nd quarter. WBI Investments LLC now owns 3,478 shares of the company’s stock worth $1,422,000 after buying an additional 1,489 shares in the last quarter. Optimize Financial Inc acquired a new stake in Charter Communications in the 3rd quarter valued at about $1,557,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Charter Communications by 245.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock worth $4,069,000 after acquiring an additional 10,455 shares during the last quarter. State Street Corp lifted its position in shares of Charter Communications by 3.2% during the second quarter. State Street Corp now owns 6,486,312 shares of the company’s stock worth $2,651,669,000 after purchasing an additional 198,979 shares in the last quarter. Finally, Korea Investment CORP lifted its position in shares of Charter Communications by 12.0% during the second quarter. Korea Investment CORP now owns 74,512 shares of the company’s stock worth $30,461,000 after purchasing an additional 7,972 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Sanford C. Bernstein set a $220.00 target price on Charter Communications in a research note on Wednesday, January 28th. Williams Trading set a $437.00 target price on Charter Communications in a research report on Monday, February 2nd. Royal Bank Of Canada cut their price target on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Finally, New Street Research decreased their price target on Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $335.11.

Charter Communications Stock Up 1.4%

NASDAQ:CHTR opened at $218.19 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06. The stock’s fifty day simple moving average is $216.65 and its 200-day simple moving average is $228.30. The firm has a market capitalization of $27.63 billion, a P/E ratio of 6.01, a P/E/G ratio of 0.34 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the prior year, the company posted $10.10 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

About Charter Communications

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.