Charter Communications, Inc. $CHTR Position Lowered by Harbor Advisors LLC

Harbor Advisors LLC trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 45.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,744 shares of the company’s stock after selling 7,198 shares during the period. Harbor Advisors LLC’s holdings in Charter Communications were worth $1,888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares in the last quarter. Quarry LP raised its position in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Charter Communications during the 4th quarter valued at approximately $25,000. DV Equities LLC bought a new position in Charter Communications during the fourth quarter worth $25,000. Finally, Rakuten Securities Inc. boosted its holdings in Charter Communications by 535.0% in the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock worth $52,000 after purchasing an additional 107 shares during the period. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a research note on Thursday, July 2nd. Royal Bank Of Canada lowered their price objective on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. Benchmark dropped their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. New Street Research decreased their target price on Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Freedom Capital raised Charter Communications to a “hold” rating in a report on Friday, June 12th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, Charter Communications currently has a consensus rating of “Reduce” and a consensus price target of $253.81.

Charter Communications Price Performance

CHTR stock opened at $131.37 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. Charter Communications, Inc. has a fifty-two week low of $124.05 and a fifty-two week high of $402.15. The firm’s 50-day simple moving average is $137.85 and its 200 day simple moving average is $186.71. The stock has a market cap of $16.16 billion, a PE ratio of 3.55, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same period in the previous year, the firm earned $8.42 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Charter Communications, Inc. will post 41.47 EPS for the current year.

Insider Activity at Charter Communications

In other Charter Communications news, CEO Christopher L. Winfrey bought 3,468 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average cost of $172.23 per share, for a total transaction of $597,293.64. Following the transaction, the chief executive officer directly owned 74,409 shares in the company, valued at $12,815,462.07. The trade was a 4.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wade Davis bought 5,728 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the purchase, the director directly owned 6,925 shares in the company, valued at $1,203,011. This represents a 478.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 20,125 shares of company stock valued at $3,167,116. Company insiders own 1.10% of the company’s stock.

Charter Communications 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.