Charter Communications, Inc. $CHTR Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,821 shares of the company’s stock after selling 5,872 shares during the quarter. Principal Financial Group Inc.’s holdings in Charter Communications were worth $20,686,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CHTR. AQR Capital Management LLC grew its position in Charter Communications by 129.1% in the first 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 raised its position in 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 position in Charter Communications by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock valued at $493,000 after purchasing an additional 435 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Charter Communications by 141.0% in the 1st 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 last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Charter Communications by 451.1% in the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock valued at $270,000 after purchasing an additional 600 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Down 1.1%

Shares of NASDAQ CHTR opened at $127.79 on Wednesday. Charter Communications, Inc. has a twelve month low of $124.05 and a twelve month high of $402.15. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The stock has a fifty day simple moving average of $137.07 and a 200-day simple moving average of $185.58. The stock has a market capitalization of $15.72 billion, a PE ratio of 3.45, a PEG ratio of 0.23 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter in the prior year, the firm posted $8.42 EPS. Charter Communications’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities analysts forecast that Charter Communications, Inc. will post 41.47 earnings per share for the current year.

Insider Buying and Selling

In other Charter Communications news, Director Mauricio Ramos acquired 9,929 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired at an average price 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 in the company, valued at $2,721,217.37. This trade represents a 105.85% increase in their position. The purchase 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 stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average cost 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 approximately $2,110,608.34. This trade represents a 9.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 20,125 shares of company stock worth $3,167,116 over the last 90 days. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Charter Communications from $215.00 to $200.00 and set a “neutral” rating for the company in a research report on Monday. New Street Research decreased their target price on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Freedom Capital raised shares of Charter Communications to a “hold” rating in a research note on Friday, June 12th. Sanford C. Bernstein reiterated a “market perform” rating and set a $210.00 price target on shares of Charter Communications in a research report on Tuesday, May 26th. Finally, Barclays reduced their price target on shares of Charter Communications from $200.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 8th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $249.12.

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.