Strs Ohio Takes Position in Charter Communications, Inc. $CHTR

Strs Ohio purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,188 shares of the company’s stock, valued at approximately $4,123,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SouthState Corp purchased a new position in shares of Charter Communications during the 1st quarter valued at $25,000. ST Germain D J Co. Inc. grew its holdings in shares of Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock valued at $31,000 after acquiring an additional 77 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Charter Communications by 93.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after acquiring an additional 41 shares in the last quarter. Strengthening Families & Communities LLC purchased a new position in shares of Charter Communications during the 1st quarter valued at $33,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Down 0.2%

Charter Communications stock opened at $263.40 on Monday. The firm has a fifty day moving average price of $303.05 and a two-hundred day moving average price of $352.38. Charter Communications, Inc. has a fifty-two week low of $251.80 and a fifty-two week high of $437.06. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $35.98 billion, a price-to-earnings ratio of 7.21, a P/E/G ratio of 0.59 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the previous year, the firm posted $8.49 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group lowered their price target on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Arete Research raised shares of Charter Communications to a “strong sell” rating in a research note on Tuesday, July 8th. The Goldman Sachs Group assumed coverage on shares of Charter Communications in a research note on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price objective for the company. Royal Bank Of Canada reduced their price objective on shares of Charter Communications from $430.00 to $370.00 and set a “sector perform” rating for the company in a research note on Monday, July 28th. Finally, Barclays reduced their price objective on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating for the company in a research note on Monday, July 28th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $392.94.

Insider Activity

In related news, CEO Christopher L. Winfrey acquired 3,670 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the acquisition, the chief executive officer owned 70,243 shares in the company, valued at $19,183,363.30. This trade represents a 5.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Balan Nair acquired 360 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the acquisition, the director owned 9,622 shares in the company, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.83% of the company’s stock.

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.