Farther Finance Advisors LLC Grows Position in Charter Communications, Inc. $CHTR

Farther Finance Advisors LLC raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 21.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 606 shares of the company’s stock after purchasing an additional 108 shares during the quarter. Farther Finance Advisors LLC’s holdings in Charter Communications were worth $248,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CHTR. SouthState Corp purchased a new position in shares of Charter Communications in the 1st quarter worth about $25,000. Salem Investment Counselors Inc. raised its holdings in shares of Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after purchasing an additional 61 shares during the period. ST Germain D J Co. Inc. raised its holdings in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after purchasing an additional 77 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after buying an additional 41 shares in the last quarter. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of Charter Communications in the first quarter valued at about $33,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. UBS Group lowered their target price on Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. The Goldman Sachs Group assumed coverage on Charter Communications in a research note on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 target price for the company. Wolfe Research upgraded Charter Communications from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 20th. Royal Bank Of Canada lowered their target price on 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, Bank of America lowered their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $389.88.

Charter Communications Price Performance

Shares of CHTR opened at $275.11 on Wednesday. The firm has a market cap of $37.58 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.61 and a beta of 1.02. The stock has a 50 day moving average of $272.57 and a 200-day moving average of $344.28. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a 52 week low of $251.80 and a 52 week high of $437.06.

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

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.