Eurizon Capital SGR S.p.A. Takes Position in Charter Communications, Inc. $CHTR

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,721 shares of the company’s stock, valued at approximately $2,030,000.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in shares of Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Caitlin John LLC acquired a new position in shares of Charter Communications during the third quarter valued at $41,000. Rakuten Securities Inc. grew its holdings in Charter Communications by 535.0% during the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock worth $52,000 after acquiring an additional 107 shares during the period. Global Retirement Partners LLC grew its holdings in Charter Communications by 29.3% during the fourth quarter. Global Retirement Partners LLC now owns 357 shares of the company’s stock worth $75,000 after acquiring an additional 81 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Charter Communications by 100.7% during the third quarter. Brown Brothers Harriman & Co. now owns 291 shares of the company’s stock worth $80,000 after acquiring an additional 146 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CHTR shares. BNP Paribas Exane lowered their target price on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Royal Bank Of Canada lowered their target price on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. JPMorgan Chase & Co. started coverage on Charter Communications in a report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $290.38.

Insider Transactions at Charter Communications

In related news, Director Balan Nair purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average price of $175.46 per share, with a total value of $175,460.00. Following the purchase, the director owned 12,029 shares of the company’s stock, valued at $2,110,608.34. This trade represents a 9.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wade Davis purchased 5,728 shares of the company’s stock in a transaction that occurred 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 purchase, the director directly owned 6,925 shares in the company, valued at $1,203,011. This represents a 478.53% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 20,125 shares of company stock worth $3,167,116 in the last three months. Insiders own 1.10% of the company’s stock.

Charter Communications Price Performance

NASDAQ:CHTR opened at $140.27 on Wednesday. The business’s 50-day moving average price is $188.22 and its 200 day moving average price is $203.39. The firm has a market cap of $17.25 billion, a P/E ratio of 3.79, a PEG ratio of 0.25 and a beta of 0.71. Charter Communications, Inc. has a 52-week low of $136.63 and a 52-week high of $422.29. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share 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 return on equity of 24.20% and a net margin of 9.03%.The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $8.42 EPS. As a group, sell-side analysts predict that Charter Communications, Inc. will post 43 earnings per share for the current fiscal 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.