Board of the Pension Protection Fund Takes Position in Charter Communications, Inc. $CHTR

Board of the Pension Protection Fund purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 2nd quarter, Holdings Channel reports. The firm purchased 2,400 shares of the company’s stock, valued at approximately $981,000.

A number of other large investors have also recently bought and sold shares of CHTR. SouthState Corp acquired a new stake in Charter Communications during the 1st quarter valued at $25,000. Salem Investment Counselors Inc. boosted its stake in shares of Charter Communications by 2,033.3% during the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Charter Communications during the second quarter valued at $28,000. SBI Securities Co. Ltd. boosted its stake in shares of Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after acquiring an additional 41 shares during the last quarter. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of Charter Communications during the first quarter valued at $33,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $259.49 on Friday. Charter Communications, Inc. has a twelve month low of $251.80 and a twelve month high of $437.06. The stock has a market capitalization of $35.44 billion, a P/E ratio of 7.11, a PEG ratio of 0.59 and a beta of 1.05. 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 business’s fifty day moving average price is $266.61 and its 200 day moving average price is $339.20.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 9.53% and a return on equity of 26.77%. 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, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CHTR. Royal Bank Of Canada decreased their price target on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating on the stock in a research note on Monday, October 6th. Wells Fargo & Company began coverage on shares of Charter Communications in a research note on Thursday, August 21st. They set an “equal weight” rating and a $300.00 price target on the stock. Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. UBS Group decreased their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Finally, KeyCorp decreased their price objective on Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $373.71.

Insider Buying and Selling

In other Charter Communications news, Director Balan Nair purchased 360 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were purchased at an average cost of $274.21 per share, with a total value of $98,715.60. Following the completion of the transaction, the director directly owned 9,622 shares in the company, valued at approximately $2,638,448.62. This represents a 3.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher L. Winfrey purchased 3,670 shares of Charter Communications 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 completion of the transaction, the chief executive officer owned 70,243 shares of the company’s stock, valued at $19,183,363.30. This represents a 5.51% 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.

About Charter Communications

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.