Marathon Trading Investment Management LLC Invests $1.40 Million in Charter Communications, Inc. $CHTR

Marathon Trading Investment Management LLC purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,714 shares of the company’s stock, valued at approximately $1,402,000.

A number of other hedge funds also recently bought and sold shares of CHTR. Geneos Wealth Management Inc. grew its position in Charter Communications by 141.0% during 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 during the last quarter. Quarry LP raised its holdings in Charter Communications by 153.2% in the fourth quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of 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 buying an additional 107 shares in the last quarter. Caitlin John LLC bought a new position in shares of Charter Communications in the third quarter worth approximately $41,000. Finally, Manchester Capital Management LLC grew its holdings in shares of Charter Communications by 1,600.0% during the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock valued at $39,000 after buying an additional 176 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $145.82 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. Charter Communications, Inc. has a 12 month low of $126.70 and a 12 month high of $422.29. The company has a market cap of $17.93 billion, a PE ratio of 3.94, a price-to-earnings-growth ratio of 0.25 and a beta of 0.72. The company has a 50 day simple moving average of $173.50 and a two-hundred day simple moving average of $199.21.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $13.56 billion. During the same period in the previous year, the company earned $8.42 earnings per share. Charter Communications’s quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts forecast that Charter Communications, Inc. will post 43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CHTR shares. BNP Paribas Exane decreased their price objective on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a report on Tuesday, February 24th. New Street Research reduced their target price on Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Benchmark decreased their price target on Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. Finally, Citigroup dropped their price objective on Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, Charter Communications currently has an average rating of “Reduce” and an average target price of $290.38.

Insider Buying and Selling

In other Charter Communications news, CEO Christopher L. Winfrey acquired 3,468 shares of the stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the purchase, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. This trade represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas Rutledge sold 69,633 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the sale, the director owned 3,968 shares of the company’s stock, valued at $573,177.60. This trade represents a 94.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have purchased 20,125 shares of company stock valued at $3,167,116 in the last 90 days. Insiders own 1.10% 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.