Circle Wealth Management LLC Has $724,000 Position in Charter Communications, Inc. $CHTR

Circle Wealth Management LLC trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 20.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,964 shares of the company’s stock after selling 496 shares during the period. Circle Wealth Management LLC’s holdings in Charter Communications were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. SouthState Corp acquired a new stake in shares of Charter Communications during the 1st quarter valued at $25,000. ST Germain D J Co. Inc. grew its position in Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after acquiring an additional 77 shares in the last quarter. SBI Securities Co. Ltd. grew its position in Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after acquiring an additional 41 shares in the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of Charter Communications during the 1st quarter worth $33,000. Finally, Larson Financial Group LLC raised its holdings in shares of Charter Communications by 70.2% during the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock valued at $36,000 after purchasing an additional 40 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Up 0.5%

Shares of NASDAQ CHTR opened at $267.98 on Friday. Charter Communications, Inc. has a 1 year low of $254.67 and a 1 year high of $437.06. The firm has a market capitalization of $36.60 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. The firm’s 50-day moving average is $344.94 and its 200-day moving average is $362.38.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). The business had revenue of $13.77 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm posted $8.49 EPS. Equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Activity at Charter Communications

In other news, CEO Christopher L. Winfrey acquired 3,670 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Balan Nair purchased 360 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHTR shares. Citigroup increased their price objective on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a report on Monday, April 28th. UBS Group reduced their price target on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Royal Bank Of Canada decreased their target price on Charter Communications from $430.00 to $370.00 and set a “sector perform” rating on the stock in a research report on Monday, July 28th. Morgan Stanley boosted their price target on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Finally, Wolfe Research raised shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a report on Friday, June 20th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $404.71.

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.