Semanteon Capital Management LP Takes Position in Charter Communications, Inc. $CHTR

Semanteon Capital Management LP acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,981 shares of the company’s stock, valued at approximately $810,000.

A number of other institutional investors have also recently bought and sold shares of CHTR. Gamco Investors INC. ET AL raised its stake in Charter Communications by 0.8% during the first quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company’s stock worth $1,153,000 after purchasing an additional 25 shares during the period. Hemington Wealth Management increased its holdings in shares of Charter Communications by 24.3% during the 1st quarter. Hemington Wealth Management now owns 143 shares of the company’s stock worth $52,000 after buying an additional 28 shares during the last quarter. Cooper Financial Group raised its position in shares of Charter Communications by 2.3% in the 2nd quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock worth $515,000 after buying an additional 28 shares during the period. Diversified Trust Co raised its position in shares of Charter Communications by 3.5% in the 2nd quarter. Diversified Trust Co now owns 880 shares of the company’s stock worth $360,000 after buying an additional 30 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Charter Communications by 8.8% in the first quarter. Smartleaf Asset Management LLC now owns 410 shares of the company’s stock valued at $151,000 after acquiring an additional 33 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHTR has been the subject of several research analyst reports. Weiss Ratings lowered Charter Communications from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, November 11th. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a report on Monday, November 3rd. Barclays reduced their price target on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Finally, Bank of America cut their price objective on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and a consensus price target of $329.56.

Insider Buying and Selling at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the sale, the director owned 10,146 shares in the company, valued at approximately $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.83% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $203.10 on Monday. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a 50-day moving average of $251.78 and a two-hundred day moving average of $318.74. The stock has a market cap of $26.28 billion, a P/E ratio of 5.56, a PEG ratio of 0.55 and a beta of 1.04. Charter Communications, Inc. has a 1-year low of $199.31 and a 1-year high of $437.06.

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

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.