Holocene Advisors LP Grows Stock Holdings in Charter Communications, Inc. $CHTR

Holocene Advisors LP boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 71.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 367,607 shares of the company’s stock after acquiring an additional 152,960 shares during the period. Holocene Advisors LP owned 0.27% of Charter Communications worth $150,281,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Townsquare Capital LLC raised its position in Charter Communications by 6.7% during the 1st quarter. Townsquare Capital LLC now owns 3,050 shares of the company’s stock worth $1,124,000 after buying an additional 192 shares during the last quarter. SouthState Corp acquired a new position in shares of Charter Communications during the first quarter worth about $25,000. Independent Advisor Alliance purchased a new position in Charter Communications during the first quarter worth about $214,000. Public Sector Pension Investment Board lifted its position in Charter Communications by 6.6% in the first quarter. Public Sector Pension Investment Board now owns 15,431 shares of the company’s stock valued at $5,687,000 after purchasing an additional 954 shares during the period. Finally, National Pension Service boosted its holdings in Charter Communications by 2.1% in the 1st quarter. National Pension Service now owns 165,710 shares of the company’s stock valued at $61,069,000 after purchasing an additional 3,338 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications 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 completion of the sale, the director owned 10,146 shares in the company, valued at approximately $2,294,822.28. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Bank of America cut their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Wells Fargo & Company cut their price target on shares of Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective 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. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a report on Monday, November 3rd. Finally, Citigroup reduced their price target on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, Charter Communications presently has an average rating of “Reduce” and an average price target of $329.56.

Charter Communications Trading Down 2.6%

Shares of Charter Communications stock opened at $206.60 on Friday. Charter Communications, Inc. has a 1 year low of $193.00 and a 1 year high of $437.06. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37. The business has a 50 day moving average price of $225.50 and a 200 day moving average price of $291.43. The company has a market capitalization of $26.74 billion, a P/E ratio of 5.73, a P/E/G ratio of 0.67 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The company had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter last year, the company posted $8.82 EPS. Charter Communications’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.