BW Gestao de Investimentos Ltda. Takes Position in Charter Communications, Inc. $CHTR

BW Gestao de Investimentos Ltda. bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,000 shares of the company’s stock, valued at approximately $3,131,000.

Several other large investors have also recently made changes to their positions in CHTR. Advisory Services Network LLC raised its position in Charter Communications by 3.8% during the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after purchasing an additional 38 shares during the period. Occudo Quantitative Strategies LP raised its position in Charter Communications by 1.4% during the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after purchasing an additional 41 shares during the period. Orion Porfolio Solutions LLC raised its position in Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after purchasing an additional 41 shares during the period. Integrated Wealth Concepts LLC raised its position in Charter Communications by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after purchasing an additional 49 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Charter Communications by 141.0% during the first 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 period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. Benchmark decreased their price objective on Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. New Street Research decreased their price objective on Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. assumed coverage on Charter Communications in a research report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $290.38.

Insider Transactions at Charter Communications

In other Charter Communications news, Director Wade Davis purchased 5,728 shares of Charter Communications stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the acquisition, the director owned 6,925 shares in the company, valued at $1,203,011. This represents a 478.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mauricio Ramos purchased 9,929 shares of Charter Communications stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the acquisition, the director owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. This trade represents a 105.85% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 20,125 shares of company stock valued at $3,167,116. Company insiders own 1.10% of the company’s stock.

Charter Communications Trading Down 1.6%

Shares of NASDAQ CHTR opened at $140.27 on Wednesday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The business’s 50 day moving average price is $188.22 and its 200-day moving average price is $203.39. Charter Communications, Inc. has a fifty-two week low of $136.63 and a fifty-two week high of $422.29. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 3.79, a PEG ratio of 0.25 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last issued 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 return on equity of 24.20% and a net margin of 9.03%.The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter in the previous year, the company posted $8.42 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts expect that Charter Communications, Inc. will post 43 earnings per share for the current year.

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.