McElhenny Sheffield Capital Management LLC Purchases New Stake in Charter Communications, Inc. (NASDAQ:CHTR)

McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 205 shares of the company’s stock, valued at approximately $70,000.

Other large investors have also recently bought and sold shares of the company. CI Investments Inc. raised its position in Charter Communications by 1,244.7% during the third quarter. CI Investments Inc. now owns 1,533 shares of the company’s stock valued at $465,000 after buying an additional 1,419 shares during the period. Exchange Traded Concepts LLC raised its position in Charter Communications by 31.0% during the third quarter. Exchange Traded Concepts LLC now owns 1,866 shares of the company’s stock valued at $566,000 after buying an additional 442 shares during the period. Vontobel Holding Ltd. purchased a new position in Charter Communications in the third quarter valued at about $524,000. Aviva PLC grew its stake in Charter Communications by 16.7% in the third quarter. Aviva PLC now owns 32,814 shares of the company’s stock valued at $9,954,000 after purchasing an additional 4,697 shares in the last quarter. Finally, Xponance Inc. grew its stake in Charter Communications by 5.1% in the third quarter. Xponance Inc. now owns 21,810 shares of the company’s stock valued at $6,616,000 after purchasing an additional 1,050 shares in the last quarter. 66.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, Chairman Thomas Rutledge sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $383.64, for a total value of $11,509,200.00. Following the completion of the transaction, the chairman now owns 17,493 shares of the company’s stock, valued at approximately $6,711,014.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Charter Communications news, Chairman Thomas Rutledge sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $383.64, for a total value of $11,509,200.00. Following the completion of the transaction, the chairman now owns 17,493 shares of the company’s stock, valued at approximately $6,711,014.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven A. Miron purchased 2,500 shares of the business’s stock in a transaction on Tuesday, January 31st. The stock was purchased at an average cost of $384.35 per share, with a total value of $960,875.00. Following the acquisition, the director now owns 9,173 shares in the company, valued at $3,525,642.55. The disclosure for this purchase can be found here. Insiders own 1.96% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $350.01 on Friday. The business has a 50 day moving average price of $380.78 and a 200 day moving average price of $364.62. Charter Communications, Inc. has a twelve month low of $297.66 and a twelve month high of $578.00. The company has a market cap of $53.43 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 0.44 and a beta of 1.12. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.66.

Charter Communications (NASDAQ:CHTR – Get Rating) last posted its quarterly earnings results on Friday, January 27th. The company reported $7.69 EPS for the quarter, missing the consensus estimate of $8.03 by ($0.34). The firm had revenue of $13.67 billion during the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a net margin of 9.36% and a return on equity of 37.20%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $8.93 EPS. Research analysts predict that Charter Communications, Inc. will post 32.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Charter Communications from $450.00 to $425.00 in a research note on Monday, January 30th. Citigroup boosted their target price on Charter Communications from $400.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, January 31st. Truist Financial upgraded Charter Communications from a “hold” rating to a “buy” rating and boosted their target price for the company from $380.00 to $550.00 in a research note on Thursday, January 5th. Loop Capital lowered their target price on Charter Communications from $405.00 to $390.00 in a research note on Tuesday, January 31st. Finally, StockNews.com initiated coverage on Charter Communications in a research note on Thursday. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications currently has an average rating of “Moderate Buy” and a consensus price target of $486.86.

Charter Communications Profile

(Get Rating)

Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.