National Pension Service Buys 1,041 Shares of Charter Communications, Inc. $CHTR

National Pension Service lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,751 shares of the company’s stock after acquiring an additional 1,041 shares during the quarter. National Pension Service owned approximately 0.12% of Charter Communications worth $68,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CHTR. SouthState Corp purchased a new stake in Charter Communications during the first quarter valued at about $25,000. Atlantic Union Bankshares Corp purchased a new stake in Charter Communications in the second quarter worth approximately $25,000. Salem Investment Counselors Inc. grew its position in Charter Communications by 2,033.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Charter Communications in the second quarter valued at about $28,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

CHTR stock opened at $204.80 on Friday. 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 company’s fifty day moving average price is $252.95 and its 200-day moving average price is $320.92. Charter Communications, Inc. has a one year low of $204.45 and a one year high of $437.06. The company has a market capitalization of $26.50 billion, a PE ratio of 5.61, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company had revenue of $13.67 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the prior year, the firm posted $8.82 earnings per share. The business’s revenue was down .7% on a year-over-year basis. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on CHTR. Citigroup lowered their price objective on Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Royal Bank Of Canada cut their price objective on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a report on Monday, November 3rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $280.00 target price (down previously from $350.00) on shares of Charter Communications in a report on Monday, November 3rd. Benchmark cut their target price on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $329.56.

Insider Activity at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the transaction, the director owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. The trade was a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.83% of the company’s stock.

Charter Communications Company 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.