Charter Communications (NASDAQ:CHTR) Director Purchases $1,399,293.97 in Stock

Charter Communications, Inc. (NASDAQ:CHTR) Director Mauricio Ramos purchased 9,929 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the transaction, the director directly owned 19,309 shares in the company, valued at $2,721,217.37. This represents a 105.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Charter Communications Stock Up 1.5%

CHTR stock opened at $144.61 on Thursday. Charter Communications, Inc. has a 52 week low of $136.63 and a 52 week high of $424.25. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 3.91, a price-to-earnings-growth ratio of 0.24 and a beta of 0.76. The firm’s 50-day moving average is $199.69 and its two-hundred day moving average is $207.58. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. During the same quarter last year, the firm posted $8.42 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts forecast that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dodge & Cox grew its position in Charter Communications by 23.7% during the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after purchasing an additional 2,801,671 shares in the last quarter. Vanguard Group Inc. grew its position in Charter Communications by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock valued at $2,139,330,000 after purchasing an additional 885,935 shares in the last quarter. State Street Corp grew its position in Charter Communications by 22.7% during the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock valued at $2,190,302,000 after purchasing an additional 1,475,383 shares in the last quarter. Capital Research Global Investors grew its position in Charter Communications by 304.9% during the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after purchasing an additional 3,626,135 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in Charter Communications by 119.6% during the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after purchasing an additional 1,617,148 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHTR has been the topic of a number of research reports. Benchmark dropped their target price on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Citigroup cut their target price on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Finally, KeyCorp restated a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $290.38.

More Charter Communications News

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Director Mauricio Ramos bought 9,929 shares worth about $1.4 million, a notable insider purchase that can signal confidence in Charter’s outlook and help attract value-focused investors. Charter Communications (NASDAQ:CHTR) Director Purchases $1,399,293.97 in Stock
• Positive Sentiment: New Street Research cut its price target on Charter Communications from $328 to $302, but maintained a buy rating, suggesting analysts still see significant upside from current levels. New Street Adjusts PT on Charter Communications to 302 From 328, Maintains Buy Rating
• Positive Sentiment: Coverage discussing Charter’s use of discovery+ bundling may be supporting the investment case that the company can improve its broadband competitiveness and customer retention strategy. Is Charter (CHTR) Using discovery+ Bundling To Quietly Reframe Its Broadband Competitiveness Story?

Charter Communications Company 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.