Capco Asset Management LLC Sells 55,911 Shares of Charter Communications, Inc. $CHTR

Capco Asset Management LLC cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 55.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,021 shares of the company’s stock after selling 55,911 shares during the period. Charter Communications accounts for 2.3% of Capco Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Capco Asset Management LLC’s holdings in Charter Communications were worth $9,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares during the period. Root Financial Partners LLC acquired a new position in Charter Communications in the third quarter valued at $38,000. Caitlin John LLC acquired a new position in Charter Communications in the third quarter valued at $41,000. Rakuten Securities Inc. lifted its holdings in Charter Communications by 535.0% in the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock valued at $52,000 after buying an additional 107 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of Charter Communications by 29.3% during the 4th quarter. Global Retirement Partners LLC now owns 357 shares of the company’s stock valued at $75,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

CHTR stock opened at $148.90 on Friday. The stock has a market capitalization of $18.31 billion, a PE ratio of 4.02, a price-to-earnings-growth ratio of 0.25 and a beta of 0.76. The company’s 50-day moving average is $198.28 and its 200-day moving average is $206.98. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a 1 year low of $136.63 and a 1 year high of $422.29.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). The firm had revenue of $13.60 billion for the quarter, compared to the consensus estimate 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 firm earned $8.42 EPS. Equities research analysts expect that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHTR. Williams Trading set a $437.00 target price on Charter Communications in a research report on Monday, February 2nd. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Citigroup lowered their price objective on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Benchmark lowered their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research note on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $290.38.

Insider Transactions at Charter Communications

In other Charter Communications news, Director Mauricio Ramos acquired 9,929 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the purchase, the director owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. This represents a 105.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Balan Nair acquired 1,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was acquired at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the completion of the purchase, the director directly owned 12,029 shares of the company’s stock, valued at approximately $2,110,608.34. This represents a 9.07% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 20,125 shares of company stock worth $3,167,116. 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.