Pacer Advisors Inc. Sells 7,480 Shares of Charter Communications, Inc. $CHTR

Pacer Advisors Inc. decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 38.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,953 shares of the company’s stock after selling 7,480 shares during the period. Pacer Advisors Inc.’s holdings in Charter Communications were worth $2,580,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CHTR. AQR Capital Management LLC raised its position in shares of Charter Communications by 129.1% in the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after purchasing an additional 6,691 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Charter Communications by 16.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after buying an additional 128 shares during the period. Jones Financial Companies Lllp grew its stake in Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock valued at $493,000 after buying an additional 435 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in 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 buying an additional 55 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in 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 acquiring an additional 600 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charter Communications

In related news, Director Thomas Rutledge sold 69,633 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the completion of the sale, the director owned 3,968 shares of the company’s stock, valued at $573,177.60. This represents a 94.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mauricio Ramos acquired 9,929 shares of Charter Communications stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the purchase, the director directly owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. This represents a 105.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Wells Fargo & Company dropped their price target on Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a report on Monday, July 27th. Freedom Capital upgraded Charter Communications to a “hold” rating in a research note on Friday, June 12th. TD Cowen decreased their price objective on Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Finally, UBS Group lowered their price objective on Charter Communications from $235.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average price target of $226.88.

Charter Communications Trading Down 3.1%

Shares of NASDAQ:CHTR opened at $152.57 on Friday. The business’s 50 day simple moving average is $136.31 and its 200 day simple moving average is $179.99. Charter Communications, Inc. has a 1 year low of $111.55 and a 1 year high of $285.82. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $18.20 billion, a P/E ratio of 3.96, a P/E/G ratio of 0.26 and a beta of 0.70.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, beating analysts’ consensus estimates of $9.98 by $0.68. The firm had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $9.18 EPS. On average, research analysts anticipate that Charter Communications, Inc. will post 42.72 EPS for the current fiscal year.

Charter Communications Company 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.