220,445 Shares in Charter Communications, Inc. $CHTR Bought by Lind Value II ApS

Lind Value II ApS purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, Holdings Channel reports. The fund purchased 220,445 shares of the company’s stock, valued at approximately $60,646,000. Charter Communications comprises about 22.9% of Lind Value II ApS’s holdings, making the stock its largest position.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Charter Communications by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,231,704 shares of the company’s stock worth $3,365,203,000 after purchasing an additional 39,944 shares during the last quarter. State Street Corp increased its position in Charter Communications by 3.2% in the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company’s stock valued at $2,651,669,000 after acquiring an additional 198,979 shares during the period. Norges Bank bought a new stake in Charter Communications during the 2nd quarter valued at $1,145,387,000. Geode Capital Management LLC grew its stake in shares of Charter Communications by 1.6% in the second quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock worth $1,056,800,000 after purchasing an additional 41,206 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Charter Communications by 0.7% in the second quarter. Invesco Ltd. now owns 1,848,370 shares of the company’s stock worth $755,632,000 after purchasing an additional 13,563 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $280.00 price objective (down previously from $350.00) on shares of Charter Communications in a report on Monday, November 3rd. Citigroup reduced their price target on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Barclays lowered their price objective on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Oppenheimer lowered Charter Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Charter Communications currently has an average rating of “Reduce” and a consensus price target of $321.13.

Charter Communications Price Performance

NASDAQ CHTR opened at $205.28 on Wednesday. Charter Communications, Inc. has a 1 year low of $193.00 and a 1 year high of $437.06. The business’s fifty day moving average is $216.90 and its two-hundred day moving average is $280.63. The stock has a market capitalization of $26.57 billion, a P/E ratio of 5.70, a P/E/G ratio of 0.65 and a beta of 1.06. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The company had revenue of $13.67 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same quarter in the previous year, the firm earned $8.82 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. On average, research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the transaction, the director directly owned 10,146 shares in the company, valued at $2,294,822.28. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.83% of the company’s stock.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.