Nuveen Asset Management LLC Boosts Holdings in Charter Communications Inc (NASDAQ:CHTR)

Nuveen Asset Management LLC lifted its position in Charter Communications Inc (NASDAQ:CHTR) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,927 shares of the company’s stock after acquiring an additional 31 shares during the quarter. Nuveen Asset Management LLC’s holdings in Charter Communications were worth $1,404,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. MML Investors Services LLC grew its holdings in shares of Charter Communications by 21.3% during the fourth quarter. MML Investors Services LLC now owns 1,429 shares of the company’s stock valued at $407,000 after buying an additional 251 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Charter Communications by 201.8% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 82,702 shares of the company’s stock valued at $23,568,000 after purchasing an additional 55,300 shares during the last quarter. Suntrust Banks Inc. boosted its position in Charter Communications by 27.4% during the fourth quarter. Suntrust Banks Inc. now owns 7,710 shares of the company’s stock valued at $2,198,000 after purchasing an additional 1,659 shares during the last quarter. Consulta Ltd boosted its position in Charter Communications by 11.1% during the fourth quarter. Consulta Ltd now owns 250,000 shares of the company’s stock valued at $71,243,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Lancaster Investment Management LLP acquired a new stake in Charter Communications during the fourth quarter valued at $15,040,000. 74.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CHTR traded down $2.32 on Friday, hitting $359.37. The company’s stock had a trading volume of 640,780 shares, compared to its average volume of 1,188,044. The company has a market capitalization of $80.99 billion, a P/E ratio of 68.84, a PEG ratio of 1.11 and a beta of 1.40. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.23 and a quick ratio of 0.23. Charter Communications Inc has a fifty-two week low of $250.10 and a fifty-two week high of $368.02.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, January 31st. The company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.20). Charter Communications had a return on equity of 2.70% and a net margin of 2.82%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $11.15 billion. On average, sell-side analysts anticipate that Charter Communications Inc will post 7.54 EPS for the current fiscal year.

A number of analysts have weighed in on CHTR shares. BidaskClub cut Charter Communications from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 27th. Zacks Investment Research cut Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Nomura assumed coverage on Charter Communications in a research report on Wednesday, January 16th. They set a “neutral” rating and a $330.00 price objective for the company. TD Securities initiated coverage on Charter Communications in a research report on Wednesday, January 16th. They set a “buy” rating and a $385.00 price objective for the company. Finally, Credit Suisse Group restated a “neutral” rating and set a $345.00 price target (up from $294.00) on shares of Charter Communications in a research note on Friday, February 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Charter Communications has an average rating of “Buy” and a consensus target price of $359.18.

In other Charter Communications news, insider John Bickham sold 14,017 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $340.86, for a total transaction of $4,777,834.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Kevin D. Howard sold 14,197 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $343.18, for a total value of $4,872,126.46. Following the transaction, the chief accounting officer now directly owns 3,059 shares in the company, valued at approximately $1,049,787.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,233 shares of company stock worth $19,544,909. Company insiders own 0.84% of the company’s stock.

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About Charter Communications

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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