Leonteq Securities AG Purchases Shares of 10,150 Charter Communications, Inc. $CHTR

Leonteq Securities AG acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,150 shares of the company’s stock, valued at approximately $2,119,000.

Several other large investors also recently modified their holdings of CHTR. Geneos Wealth Management Inc. increased its position in shares of 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 during the period. Root Financial Partners LLC acquired a new stake in shares of Charter Communications during the third quarter worth $38,000. Caitlin John LLC acquired a new stake in shares of Charter Communications during the third quarter worth $41,000. Rakuten Securities Inc. increased its position in shares of 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 during the period. Finally, Brown Brothers Harriman & Co. increased its position in shares of Charter Communications by 100.7% during the third quarter. Brown Brothers Harriman & Co. now owns 291 shares of the company’s stock worth $80,000 after buying an additional 146 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Charter Communications

In related news, Director Mauricio Ramos bought 9,929 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the purchase, the director directly owned 19,309 shares in the company, valued at $2,721,217.37. The trade was a 105.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher L. Winfrey acquired 3,468 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was acquired at an average cost of $172.23 per share, for a total transaction 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 SEC filing for this purchase provides additional information. Insiders acquired 20,125 shares of company stock valued at $3,167,116 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

CHTR has been the subject of several recent analyst reports. UBS Group set a $425.00 price objective on shares of Charter Communications in a research report on Thursday, January 29th. TD Cowen increased their price objective on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. KeyCorp reiterated a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. BNP Paribas Exane decreased their price objective on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, February 24th. Finally, Benchmark decreased their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $290.38.

Trending Headlines about Charter Communications

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 Stock Up 1.5%

Shares of NASDAQ CHTR opened at $144.61 on Thursday. The firm has a market cap of $17.79 billion, a PE ratio of 3.91, a P/E/G ratio of 0.24 and a beta of 0.76. Charter Communications, Inc. has a 12-month low of $136.63 and a 12-month high of $424.25. The company’s fifty day simple moving average is $199.69 and its 200 day simple moving average is $207.58. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) 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 the consensus estimate of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $8.42 earnings per share. As a group, sell-side analysts forecast 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.