Charter Communications, Inc. $CHTR Shares Sold by Leonteq Securities AG

Leonteq Securities AG cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 48.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,215 shares of the company’s stock after selling 4,935 shares during the quarter. Leonteq Securities AG’s holdings in Charter Communications were worth $1,126,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after acquiring an additional 6,691 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Charter Communications by 16.3% in the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock valued at $336,000 after purchasing an additional 128 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Charter Communications by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after purchasing an additional 435 shares during the last quarter. Geneos Wealth Management Inc. lifted 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 worth $35,000 after purchasing an additional 55 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Charter Communications by 451.1% during the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after purchasing an additional 600 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CHTR shares. Benchmark reduced their price target on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. UBS Group reiterated a “neutral” rating and issued a $235.00 price objective on shares of Charter Communications in a research note on Thursday, June 25th. The Goldman Sachs Group cut their price objective 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. Sanford C. Bernstein reissued a “market perform” rating and set a $210.00 target price on shares of Charter Communications in a report on Tuesday, May 26th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $262.56.

Charter Communications Stock Performance

Charter Communications stock opened at $137.20 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. Charter Communications, Inc. has a 12 month low of $124.05 and a 12 month high of $422.29. The stock’s 50 day simple moving average is $145.77 and its two-hundred day simple moving average is $192.11. The firm has a market cap of $16.87 billion, a PE ratio of 3.71, a P/E/G ratio of 0.24 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.56 billion. During the same period last year, the firm earned $8.42 earnings per share. Charter Communications’s revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts anticipate that Charter Communications, Inc. will post 42.28 earnings per share for the current year.

Insider Activity at Charter Communications

In other news, Director Mauricio Ramos acquired 9,929 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the transaction, the director owned 19,309 shares in the company, valued at approximately $2,721,217.37. The trade was a 105.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Balan Nair bought 1,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were purchased 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 owned 12,029 shares in the company, valued at approximately $2,110,608.34. This represents a 9.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 20,125 shares of company stock valued at $3,167,116 in the last quarter. 1.10% of the stock is currently owned by insiders.

Charter Communications Company 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.