Charter Communications (NASDAQ:CHTR) Stock Rep. August Pfluger

Representative August Pfluger (Republican-Texas) recently bought shares of Charter Communications, Inc. (NASDAQ:CHTR). In a filing disclosed on September 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Charter Communications stock on August 20th. The trade occurred in the Representative’s “CP ROTH IRA” account.

Charter Communications Trading Down 1.5%

Charter Communications stock opened at $141.20 on Wednesday. Charter Communications, Inc. has a one year low of $111.55 and a one year high of $285.82. The company’s fifty day moving average price is $143.87 and its two-hundred day moving average price is $166.93. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 3.67, a PEG ratio of 0.30 and a beta of 0.69.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The company had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.51 billion. During the same quarter in the prior year, the company posted $9.18 EPS. The firm’s revenue was down 1.7% on a year-over-year basis. On average, analysts forecast that Charter Communications, Inc. will post 42.72 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

Several institutional investors have recently modified their holdings of CHTR. Pure Financial Advisors LLC lifted its stake in shares of Charter Communications by 4.1% during the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock valued at $233,000 after acquiring an additional 44 shares during the period. Optimize Financial Inc increased its position in Charter Communications by 1.4% in the fourth quarter. Optimize Financial Inc now owns 5,740 shares of the company’s stock worth $1,198,000 after purchasing an additional 80 shares during the period. Global Retirement Partners LLC raised its holdings in Charter Communications by 29.3% during the 4th quarter. Global Retirement Partners LLC now owns 357 shares of the company’s stock worth $75,000 after purchasing an additional 81 shares during the last quarter. Rothschild Investment LLC lifted its position in Charter Communications by 8.0% during the 4th quarter. Rothschild Investment LLC now owns 1,244 shares of the company’s stock valued at $260,000 after purchasing an additional 92 shares during the period. Finally, Gabelli Funds LLC boosted its stake in shares of Charter Communications by 0.3% in the 1st quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $6,476,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating on shares of Charter Communications in a research report on Wednesday, July 22nd. UBS Group reduced their price objective on shares of Charter Communications from $235.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. JPMorgan Chase & Co. decreased their price objective on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Bank of America reiterated a “buy” rating on shares of Charter Communications in a report on Monday, July 27th. Finally, Morgan Stanley restated an “equal weight” rating and set a $150.00 price target on shares of Charter Communications in a report on Monday. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, Charter Communications has an average rating of “Reduce” and an average price target of $216.56.

About Representative Pfluger

August Pfluger (Republican Party) is a member of the U.S. House, representing Texas’ 11th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Pfluger (Republican Party) is running for re-election to the U.S. House to represent Texas’ 11th Congressional District. He declared candidacy for the 2026 election.

August Pfluger lives in San Angelo, Texas. Pfluger graduated from San Angelo High School. He serves in the U.S. Air Force Reserves and has reached the rank of colonel.

Pfluger earned a degree from the U.S. Air Force Academy. His career experience includes working as a National Security Council advisor with the Trump administration.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.