Charter Communications (NASDAQ:CHTR) Director Purchases $995,068.16 in Stock

Charter Communications, Inc. (NASDAQ:CHTR) Director Wade Davis acquired 5,728 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were purchased at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the transaction, the director directly owned 6,925 shares of the company’s stock, valued at approximately $1,203,011. The trade was a 478.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Charter Communications Trading Up 4.0%

CHTR opened at $171.77 on Friday. The stock has a market cap of $21.13 billion, a price-to-earnings ratio of 4.64, a P/E/G ratio of 0.28 and a beta of 0.76. The stock’s 50 day moving average price is $219.14 and its 200-day moving average price is $216.62. Charter Communications, Inc. has a one year low of $158.00 and a one year high of $437.06. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.39 and a current ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $8.42 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 43.31 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on CHTR. TD Cowen upped their price target on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Wells Fargo & Company upped their price target on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd. UBS Group set a $425.00 price target on shares of Charter Communications in a report on Thursday, January 29th. Finally, The Goldman Sachs Group cut their price target on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $315.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dodge & Cox grew its holdings in Charter Communications by 23.7% during the 4th quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock worth $3,049,675,000 after acquiring an additional 2,801,671 shares in the last quarter. Vanguard Group Inc. boosted its position in Charter Communications by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock valued at $2,139,330,000 after acquiring an additional 885,935 shares in the last quarter. State Street Corp boosted its position in Charter Communications by 22.7% during the 3rd quarter. State Street Corp now owns 7,961,695 shares of the company’s stock valued at $2,190,302,000 after acquiring an additional 1,475,383 shares in the last quarter. Capital Research Global Investors boosted its position in Charter Communications by 304.9% during the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after acquiring an additional 3,626,135 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Charter Communications by 119.6% during the 4th quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after acquiring an additional 1,617,148 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Company Profile

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.