Charter Communications Inc (NASDAQ:CHTR) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB trimmed its stake in Charter Communications Inc (NASDAQ:CHTR) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,642 shares of the company’s stock after selling 424 shares during the quarter. Nordea Investment Management AB’s holdings in Charter Communications were worth $3,345,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. OTA Financial Group L.P. acquired a new stake in Charter Communications during the 1st quarter worth about $11,911,000. First Pacific Advisors LP lifted its position in Charter Communications by 4.0% during the 1st quarter. First Pacific Advisors LP now owns 1,094,858 shares of the company’s stock worth $379,817,000 after acquiring an additional 42,485 shares during the period. Meridian Wealth Management LLC lifted its position in Charter Communications by 34.0% during the 1st quarter. Meridian Wealth Management LLC now owns 1,520 shares of the company’s stock worth $527,000 after acquiring an additional 386 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Charter Communications by 168.9% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 176,666 shares of the company’s stock worth $61,287,000 after acquiring an additional 110,970 shares during the period. Finally, Miura Global Management LLC lifted its position in Charter Communications by 306.7% during the 1st quarter. Miura Global Management LLC now owns 122,000 shares of the company’s stock worth $42,323,000 after acquiring an additional 92,000 shares during the period. 71.92% of the stock is currently owned by hedge funds and other institutional investors.

In other Charter Communications news, Director Craig A. Jacobson sold 1,325 shares of Charter Communications stock in a transaction on Monday, May 6th. The shares were sold at an average price of $375.18, for a total value of $497,113.50. Following the transaction, the director now owns 12,773 shares in the company, valued at approximately $4,792,174.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lance Conn sold 927 shares of Charter Communications stock in a transaction 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 transaction, the director now owns 9,552 shares in the company, valued at approximately $3,820,800. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

A number of equities analysts have weighed in on CHTR shares. ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. TD Securities cut their price target on Kinder Morgan Canada from C$14.50 to C$12.50 and set a “hold” rating for the company in a research note on Thursday. Macquarie started coverage on Charter Communications in a research note on Wednesday, June 19th. They issued a “hold” rating and a $390.00 price target for the company. Morgan Stanley lifted their price target on WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the company an “equal weight” rating in a research note on Wednesday. Finally, BidaskClub upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $396.94.

NASDAQ:CHTR traded up $1.06 during trading hours on Thursday, hitting $415.62. The company’s stock had a trading volume of 501,506 shares, compared to its average volume of 1,144,066. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications Inc has a 52-week low of $271.56 and a 52-week high of $417.03. The company has a market capitalization of $92.68 billion, a PE ratio of 79.62, a P/E/G ratio of 1.35 and a beta of 1.24. The company has a fifty day simple moving average of $396.17.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $11.20 billion. During the same quarter in the prior year, the company earned $0.70 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, analysts predict that Charter Communications Inc will post 7.12 earnings per share for the current year.

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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