Charter Communications, Inc. $CHTR Shares Purchased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 390.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 540 shares of the company’s stock after purchasing an additional 430 shares during the period. Catalyst Capital Advisors LLC’s holdings in Charter Communications were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. increased its position in Charter Communications by 1.4% in the 2nd quarter. Asset Management One Co. Ltd. now owns 39,351 shares of the company’s stock valued at $16,087,000 after acquiring an additional 533 shares during the period. R Squared Ltd acquired a new position in Charter Communications during the 2nd quarter worth approximately $401,000. AlTi Global Inc. increased its position in Charter Communications by 4.7% during the 2nd quarter. AlTi Global Inc. now owns 1,417 shares of the company’s stock worth $573,000 after purchasing an additional 63 shares during the period. Denali Advisors LLC increased its position in Charter Communications by 91.4% during the 2nd quarter. Denali Advisors LLC now owns 2,306 shares of the company’s stock worth $943,000 after purchasing an additional 1,101 shares during the period. Finally, Brookstone Capital Management increased its position in Charter Communications by 6.5% during the 2nd quarter. Brookstone Capital Management now owns 686 shares of the company’s stock worth $280,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHTR. The Goldman Sachs Group began coverage on Charter Communications in a research report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a research report on Monday, October 6th. UBS Group lowered their price target on Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Bank of America lowered their price target on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, Wells Fargo & Company started coverage on Charter Communications in a report on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $373.71.

Charter Communications Trading Up 0.1%

Shares of Charter Communications stock opened at $244.20 on Friday. Charter Communications, Inc. has a fifty-two week low of $243.61 and a fifty-two week high of $437.06. The firm has a market cap of $33.36 billion, a PE ratio of 6.69, a P/E/G ratio of 0.56 and a beta of 1.05. The business’s fifty day moving average is $264.77 and its two-hundred day moving average is $332.06. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57.

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

Insiders Place Their Bets

In other Charter Communications news, Director Balan Nair purchased 360 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $274.21 per share, with a total value of $98,715.60. Following the purchase, the director directly owned 9,622 shares in the company, valued at $2,638,448.62. This trade represents a 3.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher L. Winfrey purchased 3,670 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the purchase, the chief executive officer owned 70,243 shares in the company, valued at approximately $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. Corporate insiders own 0.83% of the company’s stock.

About Charter Communications

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.