Pacer Advisors Inc. Has $2.58 Million Holdings in Charter Communications, Inc. $CHTR

Pacer Advisors Inc. lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 38.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,953 shares of the company’s stock after selling 7,480 shares during the period. Pacer Advisors Inc.’s holdings in Charter Communications were worth $2,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake 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 valued at $35,000 after purchasing an additional 55 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in Charter Communications in the 1st quarter valued at approximately $25,000. Quarry LP lifted its stake in Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in Charter Communications in the fourth quarter valued at approximately $25,000. Finally, DV Equities LLC acquired a new stake in Charter Communications in the fourth quarter valued at approximately $25,000. Institutional investors own 81.76% of the company’s stock.

Insider Transactions at Charter Communications

In related news, Director Mauricio Ramos bought 9,929 shares of Charter Communications stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the acquisition, the director directly owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. The trade was a 105.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas Rutledge sold 18,200 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the sale, the director directly owned 3,968 shares of the company’s stock, valued at $583,057.92. This represents a 82.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Charter Communications Price Performance

CHTR stock opened at $152.57 on Friday. The company has a market capitalization of $18.20 billion, a P/E ratio of 3.96, a PEG ratio of 0.26 and a beta of 0.70. The company has a fifty day moving average price of $136.31 and a 200-day moving average price of $179.99. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. Charter Communications, Inc. has a 52-week low of $111.55 and a 52-week high of $285.82.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.68. The company had revenue of $13.53 billion for the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. Charter Communications’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.18 earnings per share. As a group, equities analysts expect that Charter Communications, Inc. will post 42.72 EPS for the current year.

Analysts Set New Price Targets

CHTR has been the subject of several research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $150.00 price target on shares of Charter Communications in a report on Monday, July 27th. The Goldman Sachs Group reduced their price objective on Charter Communications from $185.00 to $125.00 and set a “sell” rating on the stock in a research report on Thursday, July 2nd. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada cut their price target on Charter Communications from $160.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $226.88.

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.