Family CFO Inc Purchases New Holdings in Charter Communications, Inc. $CHTR

Family CFO Inc purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 81 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHTR. SouthState Corp purchased a new position in Charter Communications in the 1st quarter valued at about $25,000. Salem Investment Counselors Inc. lifted its stake in Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock valued at $31,000 after buying an additional 77 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after buying an additional 41 shares in the last quarter. Finally, Strengthening Families & Communities LLC acquired a new stake in Charter Communications in the 1st quarter valued at about $33,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of recent research reports. UBS Group cut their price objective on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Royal Bank Of Canada cut their price objective on shares of Charter Communications from $430.00 to $370.00 and set a “sector perform” rating for the company in a report on Monday, July 28th. Sanford C. Bernstein cut their price objective on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, September 10th. The Goldman Sachs Group initiated coverage on shares of Charter Communications in a report on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price objective for the company. Finally, Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a report on Tuesday, July 8th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $389.88.

Insider Activity at Charter Communications

In other Charter Communications news, Director Balan Nair purchased 360 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was bought at an average price of $274.21 per share, with a total value of $98,715.60. Following the transaction, the director directly owned 9,622 shares of the company’s stock, valued at approximately $2,638,448.62. This represents a 3.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the transaction, the chief executive officer directly owned 70,243 shares in the company, valued at $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.83% of the company’s stock.

Charter Communications Stock Down 2.0%

Charter Communications stock opened at $269.61 on Friday. Charter Communications, Inc. has a fifty-two week low of $251.80 and a fifty-two week high of $437.06. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a 50 day moving average price of $267.90 and a 200 day moving average price of $343.22. The company has a market capitalization of $36.83 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the prior year, the business earned $8.49 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. Research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.