Stephens Inc. AR Raises Position in Charter Communications, Inc. $CHTR

Stephens Inc. AR raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 67.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,054 shares of the company’s stock after acquiring an additional 423 shares during the quarter. Stephens Inc. AR’s holdings in Charter Communications were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of CHTR. SouthState Corp purchased a new position in shares of Charter Communications during the 1st quarter valued at $25,000. Salem Investment Counselors Inc. lifted its stake in shares of Charter Communications by 2,033.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Charter Communications during the 2nd quarter valued at $28,000. SBI Securities Co. Ltd. lifted its stake 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 buying an additional 41 shares in the last quarter. Finally, Strengthening Families & Communities LLC purchased a new position in shares of Charter Communications during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $244.20 on Friday. The company has a market capitalization of $33.36 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.56 and a beta of 1.05. Charter Communications, Inc. has a 12 month low of $243.61 and a 12 month high of $437.06. The firm’s 50-day moving average is $264.77 and its 200 day moving average is $332.13. 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 (NASDAQ:CHTR) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.49 earnings per share. Research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Transactions at Charter Communications

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Charter Communications in a research note on Tuesday, September 2nd. They set a “sell” rating and a $223.00 target price on the stock. Citigroup initiated coverage on shares of Charter Communications in a report on Monday, October 6th. They issued a “buy” rating and a $325.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Charter Communications in a report on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 price target on the stock. Bank of America reduced their price target on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a report on Tuesday, July 8th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average target price of $373.71.

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.