Natixis Advisors LLC Cuts Stock Holdings in Charter Communications, Inc. $CHTR

Natixis Advisors LLC trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 42.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,739 shares of the company’s stock after selling 9,255 shares during the period. Natixis Advisors LLC’s holdings in Charter Communications were worth $2,659,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. AXQ Capital LP boosted its position in Charter Communications by 119.4% during the fourth quarter. AXQ Capital LP now owns 8,381 shares of the company’s stock valued at $1,750,000 after buying an additional 4,561 shares during the period. BW Gestao de Investimentos Ltda. bought a new position in shares of Charter Communications during the fourth quarter valued at about $3,131,000. Thompson Siegel & Walmsley LLC raised its stake in shares of Charter Communications by 1,804.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock valued at $21,403,000 after acquiring an additional 97,143 shares during the last quarter. Florida Financial Advisors LLC bought a new position in shares of Charter Communications during the fourth quarter valued at about $268,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Charter Communications by 3.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 38,337 shares of the company’s stock valued at $8,003,000 after acquiring an additional 1,376 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Balan Nair acquired 1,000 shares of the 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 acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher L. Winfrey acquired 3,468 shares of the stock in a transaction on Tuesday, April 28th. The stock was bought at an average price of $172.23 per share, with a total value of $597,293.64. Following the completion of the acquisition, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at $12,815,462.07. This trade represents a 4.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 20,125 shares of company stock valued at $3,167,116 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CHTR. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. JPMorgan Chase & Co. began coverage on shares of Charter Communications in a research note on Wednesday, April 29th. They set a “neutral” rating and a $215.00 price objective for the company. 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. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $290.38.

Charter Communications Stock Performance

Shares of CHTR opened at $135.37 on Wednesday. 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 one year low of $126.70 and a one year high of $422.29. The company has a 50-day simple moving average of $178.11 and a two-hundred day simple moving average of $200.44. The firm has a market capitalization of $16.65 billion, a PE ratio of 3.66, a price-to-earnings-growth ratio of 0.23 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last issued 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). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter last year, the business earned $8.42 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts anticipate that Charter Communications, Inc. will post 43 EPS 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.