Gateway Investment Advisers LLC Makes New Investment in Charter Communications, Inc. $CHTR

Gateway Investment Advisers LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, HoldingsChannel reports. The fund acquired 28,316 shares of the company’s stock, valued at approximately $5,911,000.

Several other institutional investors have also added to or reduced their stakes in CHTR. Webster Bank N. A. bought a new stake in Charter Communications in the third quarter worth about $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in Charter Communications in the third quarter worth about $30,000. Geneos Wealth Management Inc. lifted its stake in Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Mather Group LLC. bought a new stake in Charter Communications in the third quarter worth about $38,000. Finally, Root Financial Partners LLC bought a new stake in Charter Communications in the third quarter worth about $38,000. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Charter Communications in a research report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 target price on the stock. The Goldman Sachs Group reduced their target price on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Royal Bank Of Canada reduced their target price on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. BNP Paribas Exane reduced their target price on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. Six 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. According to MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average price target of $315.67.

Insider Buying and Selling

In other Charter Communications news, CEO Christopher L. Winfrey acquired 3,468 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The stock was bought at an average price of $172.23 per share, with a total value of $597,293.64. Following the completion of the purchase, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. This represents a 4.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wade Davis acquired 5,728 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average cost of $173.72 per share, with a total value of $995,068.16. Following the purchase, the director directly owned 6,925 shares of the company’s stock, valued at $1,203,011. This represents a 478.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 10,196 shares of company stock valued at $1,767,822 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Charter Communications Price Performance

Shares of CHTR opened at $160.24 on Friday. The company has a 50 day moving average price of $214.85 and a 200-day moving average price of $213.88. Charter Communications, Inc. has a fifty-two week low of $156.00 and a fifty-two week high of $437.06. The stock has a market capitalization of $19.71 billion, a PE ratio of 4.33, a PEG ratio of 0.27 and a beta of 0.76. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last announced its quarterly 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 business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.Charter Communications’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $8.42 EPS. Equities analysts predict that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

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.