Stance Capital LLC Buys 6,582 Shares of Charter Communications, Inc. $CHTR

Stance Capital LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 340.9% during the 4th quarter, HoldingsChannel reports. The firm owned 8,513 shares of the company’s stock after buying an additional 6,582 shares during the period. Stance Capital LLC’s holdings in Charter Communications were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC lifted its holdings in shares of Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after buying an additional 38 shares during the period. Orion Porfolio Solutions LLC boosted its stake in shares of Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after buying an additional 41 shares during the last quarter. Occudo Quantitative Strategies LP grew its holdings in shares of Charter Communications by 1.4% in the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after acquiring an additional 41 shares during the period. Pure Financial Advisors LLC grew its holdings in shares of Charter Communications by 4.1% in the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after acquiring an additional 44 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in Charter Communications by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

NASDAQ CHTR opened at $126.23 on Friday. Charter Communications, Inc. has a 52 week low of $126.00 and a 52 week high of $422.29. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. The company has a market capitalization of $15.53 billion, a P/E ratio of 3.41, a price-to-earnings-growth ratio of 0.22 and a beta of 0.71. The stock’s 50-day moving average price is $164.80 and its 200-day moving average price is $196.91.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 9.03% and a return on equity of 24.20%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $8.42 earnings per share. On average, equities research analysts predict that Charter Communications, Inc. will post 43 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Citigroup lowered their target price on Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $210.00 price target on shares of Charter Communications in a research report on Tuesday, May 26th. New Street Research lowered their price objective on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. JPMorgan Chase & Co. started coverage on shares of Charter Communications in a report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price objective on the stock. Finally, BNP Paribas Exane cut their target price 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. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Charter Communications has a consensus rating of “Reduce” and a consensus price target of $290.38.

Insider Buying and Selling at Charter Communications

In other news, Director Mauricio Ramos purchased 9,929 shares of the company’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost 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 trade represents a 105.85% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Rutledge sold 69,633 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the completion of the sale, the director directly owned 3,968 shares of the company’s stock, valued at approximately $573,177.60. This trade represents a 94.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have bought 20,125 shares of company stock valued at $3,167,116. 1.10% of the stock is currently owned by company insiders.

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.