Aviance Capital Partners LLC Purchases 3,928 Shares of Charter Communications, Inc. $CHTR

Aviance Capital Partners LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 34.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,469 shares of the company’s stock after purchasing an additional 3,928 shares during the period. Aviance Capital Partners LLC’s holdings in Charter Communications were worth $3,339,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC increased its stake in Charter Communications by 1,804.0% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock worth $21,403,000 after purchasing an additional 97,143 shares during the period. Gateway Investment Advisers LLC purchased a new stake in shares of Charter Communications during the fourth quarter valued at $5,911,000. Norges Bank purchased a new stake in shares of Charter Communications during the fourth quarter valued at $555,383,000. First Eagle Investment Management LLC grew its holdings in shares of Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock worth $619,885,000 after purchasing an additional 1,617,148 shares during the last quarter. Finally, Swiss Life Asset Management Ltd grew its holdings in shares of Charter Communications by 110.7% in the fourth quarter. Swiss Life Asset Management Ltd now owns 31,239 shares of the company’s stock worth $6,521,000 after purchasing an additional 16,415 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Down 1.5%

Charter Communications stock opened at $131.37 on Friday. The business has a fifty day moving average of $137.85 and a two-hundred day moving average of $186.87. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. The firm has a market cap of $16.16 billion, a P/E ratio of 3.55, a P/E/G ratio of 0.24 and a beta of 0.71. Charter Communications, Inc. has a twelve month low of $124.05 and a twelve month high of $402.15.

Charter Communications (NASDAQ:CHTR) last announced its quarterly 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 analysts’ expectations of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.42 earnings per share. On average, analysts forecast that Charter Communications, Inc. will post 41.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CHTR shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $210.00 price objective on shares of Charter Communications in a report on Tuesday, May 26th. The Goldman Sachs Group dropped their target price on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating on the stock in a research note on Thursday, July 2nd. Royal Bank Of Canada reduced their target price on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. assumed coverage on Charter Communications in a report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $253.81.

Insider Activity at Charter Communications

In other news, Director Wade Davis bought 5,728 shares of the stock in a transaction on Tuesday, April 28th. The stock was bought at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the purchase, the director directly owned 6,925 shares in the company, valued at approximately $1,203,011. The trade was a 478.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Rutledge sold 18,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the completion of the sale, the director owned 3,968 shares of the company’s stock, valued at approximately $583,057.92. This trade represents a 82.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have purchased 20,125 shares of company stock valued at $3,167,116 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Charter Communications 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.