Rep. August Pfluger Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Representative August Pfluger (Republican-Texas) recently bought shares of Charter Communications, Inc. (NASDAQ:CHTR). In a filing disclosed on September 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Charter Communications stock on August 20th. The trade occurred in the Representative’s “CP ROTH IRA” account.

Charter Communications Stock Down 1.5%

CHTR stock opened at $141.20 on Wednesday. The firm has a market cap of $16.84 billion, a PE ratio of 3.67, a PEG ratio of 0.30 and a beta of 0.69. Charter Communications, Inc. has a 1 year low of $111.55 and a 1 year high of $285.82. The company has a fifty day simple moving average of $143.87 and a 200 day simple moving average of $166.93. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, beating the consensus estimate of $9.98 by $0.68. The company had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The business’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company earned $9.18 earnings per share. Sell-side analysts anticipate that Charter Communications, Inc. will post 42.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Research Global Investors increased its stake in shares of Charter Communications by 304.9% in the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after acquiring an additional 3,626,135 shares during the last quarter. Norges Bank acquired a new position in Charter Communications during the fourth quarter valued at approximately $555,383,000. State of Michigan Retirement System grew its holdings in Charter Communications by 1,547.4% during the first quarter. State of Michigan Retirement System now owns 431,582 shares of the company’s stock valued at $93,170,000 after purchasing an additional 405,385 shares during the period. Lind Value II ApS increased its stake in Charter Communications by 180.5% in the fourth quarter. Lind Value II ApS now owns 618,373 shares of the company’s stock valued at $129,085,000 after purchasing an additional 397,928 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in Charter Communications by 737.5% in the second quarter. Tidal Investments LLC now owns 241,503 shares of the company’s stock worth $34,344,000 after purchasing an additional 212,668 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the subject of a number of recent analyst reports. Barclays decreased their target price on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research report on Monday, July 27th. Benchmark restated a “buy” rating on shares of Charter Communications in a research note on Wednesday, July 22nd. Wells Fargo & Company decreased their price objective on shares of Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a report on Monday, July 27th. The Goldman Sachs Group lowered their target price on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating on the stock in a research note on Thursday, July 2nd. Finally, BNP Paribas Exane dropped their target price on shares of Charter Communications from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, July 14th. Five equities research 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 data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $216.56.

About Representative Pfluger

August Pfluger (Republican Party) is a member of the U.S. House, representing Texas’ 11th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Pfluger (Republican Party) is running for re-election to the U.S. House to represent Texas’ 11th Congressional District. He declared candidacy for the 2026 election.

August Pfluger lives in San Angelo, Texas. Pfluger graduated from San Angelo High School. He serves in the U.S. Air Force Reserves and has reached the rank of colonel.

Pfluger earned a degree from the U.S. Air Force Academy. His career experience includes working as a National Security Council advisor with the Trump administration.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.