SG Americas Securities LLC Grows Stock Holdings in Charter Communications, Inc. $CHTR

SG Americas Securities LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 332.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,519 shares of the company’s stock after buying an additional 66,520 shares during the quarter. SG Americas Securities LLC’s holdings in Charter Communications were worth $35,370,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SouthState Corp purchased a new position in Charter Communications during the 1st quarter valued at about $25,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Charter Communications during the second quarter worth about $25,000. Salem Investment Counselors Inc. boosted its stake in shares of Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Charter Communications in the second quarter valued at approximately $28,000. Finally, SBI Securities Co. Ltd. increased its stake in Charter Communications by 93.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Transactions at Charter Communications

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction dated 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. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $203.10 on Friday. 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, Inc. has a 52 week low of $199.31 and a 52 week high of $437.06. The firm’s 50 day moving average is $251.78 and its two-hundred day moving average is $319.72. The firm has a market capitalization of $26.28 billion, a P/E ratio of 5.56, a P/E/G ratio of 0.55 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group decreased their price target on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. BNP Paribas Exane decreased their target price on Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a report on Tuesday, November 4th. Barclays cut their price target on Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a report on Monday, November 3rd. Wells Fargo & Company decreased their price objective on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. Finally, Bank of America lowered their price objective on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $329.56.

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.