Nisa Investment Advisors LLC Reduces Position in Charter Communications Inc (NASDAQ:CHTR)

Nisa Investment Advisors LLC lessened its stake in Charter Communications Inc (NASDAQ:CHTR) by 0.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 51,319 shares of the company’s stock after selling 100 shares during the period. Nisa Investment Advisors LLC’s holdings in Charter Communications were worth $17,803,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Longview Partners Guernsey LTD purchased a new stake in shares of Charter Communications in the fourth quarter valued at about $846,691,000. Geode Capital Management LLC raised its holdings in shares of Charter Communications by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 2,218,112 shares of the company’s stock valued at $630,980,000 after buying an additional 167,729 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Charter Communications by 1.5% in the fourth quarter. Northern Trust Corp now owns 1,998,946 shares of the company’s stock valued at $569,640,000 after buying an additional 28,704 shares during the last quarter. Norges Bank purchased a new stake in shares of Charter Communications in the fourth quarter valued at about $360,022,000. Finally, Morgan Stanley raised its holdings in shares of Charter Communications by 1.1% in the third quarter. Morgan Stanley now owns 955,767 shares of the company’s stock valued at $311,467,000 after buying an additional 9,976 shares during the last quarter. Hedge funds and other institutional investors own 74.61% of the company’s stock.

Several brokerages have weighed in on CHTR. Citigroup upped their target price on shares of Charter Communications from $390.00 to $427.00 and gave the stock a “buy” rating in a research report on Monday. BidaskClub upgraded shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Thursday. UBS Group upped their target price on shares of Charter Communications from $383.00 to $421.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Macquarie lowered shares of Charter Communications from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 9th. They noted that the move was a valuation call. Finally, Royal Bank of Canada lowered shares of Charter Communications from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $400.00 to $375.00 in a research report on Friday, March 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $365.88.

NASDAQ:CHTR opened at $374.33 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. The company has a market cap of $84.45 billion, a price-to-earnings ratio of 71.71, a P/E/G ratio of 1.17 and a beta of 1.40. Charter Communications Inc has a fifty-two week low of $259.48 and a fifty-two week high of $378.36.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The company had revenue of $11.21 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same period in the prior year, the business earned $0.70 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts predict that Charter Communications Inc will post 7.47 earnings per share for the current fiscal year.

In related news, EVP Richard R. Dykhouse sold 2,019 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $348.83, for a total transaction of $704,287.77. Following the completion of the sale, the executive vice president now directly owns 9,880 shares of the company’s stock, valued at approximately $3,446,440.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Craig A. Jacobson sold 1,325 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 12,773 shares of the company’s stock, valued at $4,792,174.14. The disclosure for this sale can be found here. In the last three months, insiders sold 4,344 shares of company stock worth $1,551,491. Insiders own 0.84% of the company’s stock.

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Charter Communications Company 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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