19,528 Shares in Charter Communications, Inc. $CHTR Purchased by Entropy Technologies LP

Entropy Technologies LP bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 19,528 shares of the company’s stock, valued at approximately $4,076,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew 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 worth $35,000 after buying an additional 55 shares in the last quarter. Quarry LP grew its position in Charter Communications by 153.2% during the fourth quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Rakuten Securities Inc. grew its position in Charter Communications by 535.0% during the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock worth $52,000 after buying an additional 107 shares in the last quarter. Caitlin John LLC purchased a new position in Charter Communications during the third quarter worth about $41,000. Finally, Manchester Capital Management LLC grew its position in Charter Communications by 1,600.0% during the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock worth $39,000 after buying an additional 176 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CHTR shares. New Street Research reduced their target price on Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a report on Monday, April 27th. JPMorgan Chase & Co. assumed coverage on Charter Communications in a report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price objective for the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $210.00 price objective on shares of Charter Communications in a report on Tuesday, May 26th. Finally, Benchmark cut their price objective on Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $290.38.

Charter Communications Stock Performance

Shares of CHTR stock opened at $145.82 on Monday. The stock has a market capitalization of $17.93 billion, a PE ratio of 3.94, a P/E/G ratio of 0.25 and a beta of 0.72. Charter Communications, Inc. has a 1-year low of $126.70 and a 1-year high of $422.29. The business has a 50-day moving average of $173.50 and a 200 day moving average of $199.21. 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 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). The company had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.42 earnings per share. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 43 earnings per share for the current year.

Insider Activity at Charter Communications

In related news, Director Thomas Rutledge sold 18,200 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the completion of the sale, the director directly owned 3,968 shares in the company, valued at $583,057.92. This represents a 82.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher L. Winfrey bought 3,468 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average price of $172.23 per share, with a total value of $597,293.64. Following the completion of the acquisition, the chief executive officer directly owned 74,409 shares in the company, valued at $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. Insiders bought a total of 20,125 shares of company stock worth $3,167,116 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Charter Communications 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.