Amundi Pioneer Asset Management Inc. Increases Position in Charter Communications Inc (NASDAQ:CHTR)

Amundi Pioneer Asset Management Inc. raised its position in Charter Communications Inc (NASDAQ:CHTR) by 41.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 153,034 shares of the company’s stock after buying an additional 44,742 shares during the period. Amundi Pioneer Asset Management Inc. owned about 0.07% of Charter Communications worth $53,087,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Asset Dedication LLC increased its stake in shares of Charter Communications by 5.5% during the first quarter. Asset Dedication LLC now owns 534 shares of the company’s stock worth $183,000 after purchasing an additional 28 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of Charter Communications by 8.6% during the first quarter. Lindbrook Capital LLC now owns 353 shares of the company’s stock worth $122,000 after purchasing an additional 28 shares in the last quarter. Connable Office Inc. increased its stake in shares of Charter Communications by 0.7% during the first quarter. Connable Office Inc. now owns 4,426 shares of the company’s stock worth $1,535,000 after purchasing an additional 30 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Charter Communications by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 4,927 shares of the company’s stock worth $1,404,000 after purchasing an additional 31 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of Charter Communications by 31.1% during the first quarter. Huntington National Bank now owns 135 shares of the company’s stock worth $47,000 after purchasing an additional 32 shares in the last quarter. 71.92% of the stock is owned by institutional investors.

In related news, Director Lance Conn sold 927 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total transaction of $370,800.00. Following the sale, the director now directly owns 9,552 shares of the company’s stock, valued at approximately $3,820,800. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Craig A. Jacobson sold 1,325 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $375.18, for a total transaction of $497,113.50. Following the completion of the sale, the director now directly owns 12,773 shares in the company, valued at $4,792,174.14. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.

NASDAQ:CHTR traded down $5.83 on Friday, hitting $409.79. The stock had a trading volume of 820,493 shares, compared to its average volume of 819,790. The stock has a fifty day moving average price of $396.83. The firm has a market capitalization of $92.85 billion, a PE ratio of 78.50, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. Charter Communications Inc has a 1-year low of $271.56 and a 1-year high of $417.13. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.23). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The company had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same period last year, the firm posted $0.70 earnings per share. Charter Communications’s revenue was up 5.2% on a year-over-year basis. Analysts forecast that Charter Communications Inc will post 7.1 EPS for the current year.

CHTR has been the subject of a number of research reports. Citigroup initiated coverage on shares of Charter Communications in a research note on Thursday, June 13th. They set a “buy” rating and a $480.00 target price for the company. TD Securities lowered their price target on shares of Kinder Morgan Canada from C$14.50 to C$12.50 and set a “hold” rating on the stock in a research report on Thursday. Rosenblatt Securities initiated coverage on shares of Charter Communications in a research report on Thursday, June 13th. They set a “buy” rating and a $480.00 price target on the stock. UBS Group lowered shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their price target on shares of PVH to $145.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $396.94.

Charter Communications Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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