PBU The Pension Fund of Early Childhood & Youth Educators Acquires New Position in Charter Communications, Inc. $CHTR

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, Holdings Channel reports. The fund acquired 18,041 shares of the company’s stock, valued at approximately $3,766,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. WINTON GROUP Ltd purchased a new position in shares of Charter Communications in the 4th quarter valued at approximately $570,000. Harvest Fund Management Co. Ltd raised its position in shares of Charter Communications by 15.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 9,662 shares of the company’s stock valued at $2,017,000 after purchasing an additional 1,279 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Charter Communications by 9.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 2,577 shares of the company’s stock valued at $538,000 after purchasing an additional 218 shares during the last quarter. Vise Technologies Inc. increased its holdings in Charter Communications by 8.4% in the 4th quarter. Vise Technologies Inc. now owns 2,125 shares of the company’s stock worth $444,000 after buying an additional 164 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in Charter Communications by 1.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 28,002 shares of the company’s stock worth $5,846,000 after buying an additional 474 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charter Communications

In other news, Director Thomas Rutledge sold 18,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the sale, the director owned 3,968 shares of the company’s stock, valued at $583,057.92. This trade represents a 82.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher L. Winfrey acquired 3,468 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average cost 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 in the company, valued at approximately $12,815,462.07. This trade represents a 4.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 20,125 shares of company stock worth $3,167,116. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on CHTR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. Benchmark cut their price target on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Citigroup cut their price target on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $210.00 price target on shares of Charter Communications in a report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Reduce” and a consensus price target of $290.38.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $132.12 on Friday. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 3.57, a PEG ratio of 0.23 and a beta of 0.71. Charter Communications, Inc. has a 12 month low of $126.70 and a 12 month high of $422.29. The firm’s 50 day simple moving average is $181.51 and its 200-day simple moving average is $201.34. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.Charter Communications’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $8.42 EPS. Analysts expect that Charter Communications, Inc. will post 43 EPS for the current year.

Charter Communications Company Profile

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.