The Manufacturers Life Insurance Company Sells 19,525 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

The Manufacturers Life Insurance Company lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 712,668 shares of the company’s stock after selling 19,525 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.49% of Charter Communications worth $213,059,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Capital International Investors grew its holdings in Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after purchasing an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC grew its stake in Charter Communications by 96.5% in the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock valued at $827,848,000 after buying an additional 1,399,034 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Charter Communications by 172,425.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after acquiring an additional 348,299 shares during the period. Putnam Investments LLC lifted its position in Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after acquiring an additional 242,448 shares during the last quarter. Finally, Voyager Global Management LP boosted its holdings in Charter Communications by 35.7% during the fourth quarter. Voyager Global Management LP now owns 475,000 shares of the company’s stock valued at $184,623,000 after acquiring an additional 125,000 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Charter Communications stock opened at $317.01 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The firm has a market capitalization of $45.66 billion, a P/E ratio of 10.25, a PEG ratio of 0.61 and a beta of 1.05. The business has a 50-day moving average of $344.46 and a 200-day moving average of $303.30. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same quarter in the prior year, the firm earned $8.05 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts anticipate that Charter Communications, Inc. will post 32.52 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CHTR shares. The Goldman Sachs Group started coverage on Charter Communications in a research report on Monday, July 1st. They set a “sell” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley raised their price target on shares of Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Pivotal Research lifted their target price on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company raised their price objective on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus target price of $359.94.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.