Norinchukin Bank The boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 2.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,655 shares of the company’s stock after purchasing an additional 360 shares during the quarter. Norinchukin Bank The’s holdings in Charter Communications were worth $8,425,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Signet Investment Advisory Group Inc. acquired a new position in Charter Communications in the fourth quarter valued at approximately $26,000. Reilly Financial Advisors LLC boosted its holdings in Charter Communications by 238.5% in the fourth quarter. Reilly Financial Advisors LLC now owns 44 shares of the company’s stock valued at $29,000 after purchasing an additional 31 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in Charter Communications by 117.4% in the first quarter. NEXT Financial Group Inc now owns 50 shares of the company’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in Charter Communications in the first quarter valued at approximately $31,000. Finally, Wealthcare Capital Management LLC purchased a new stake in Charter Communications in the first quarter valued at approximately $33,000. 69.72% of the stock is owned by hedge funds and other institutional investors.
Shares of CHTR stock opened at $682.91 on Friday. The business’s fifty day simple moving average is $665.82. Charter Communications, Inc. has a 1-year low of $498.08 and a 1-year high of $712.41. The firm has a market capitalization of $128.84 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 1.04 and a beta of 0.98. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.37 and a quick ratio of 0.37.
CHTR has been the subject of a number of research reports. Citigroup boosted their price objective on Charter Communications from $708.00 to $724.00 and gave the company a “neutral” rating in a research note on Wednesday, June 2nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on Charter Communications from $708.00 to $724.00 and gave the company a “neutral” rating in a research note on Wednesday, June 2nd. Wells Fargo & Company boosted their price objective on Charter Communications from $763.00 to $816.00 and gave the company an “overweight” rating in a research note on Monday, May 3rd. HSBC boosted their price objective on Charter Communications from $650.00 to $700.00 and gave the company a “hold” rating in a research note on Monday, May 24th. Finally, Truist boosted their price objective on Charter Communications from $700.00 to $750.00 in a research note on Monday, May 3rd. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $710.24.
In related news, Director David C. Merritt sold 1,000 shares of the stock in a transaction on Monday, May 10th. The stock was sold at an average price of $697.45, for a total transaction of $697,450.00. Following the sale, the director now owns 8,907 shares of the company’s stock, valued at $6,212,187.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Richard R. Dykhouse sold 11,147 shares of the stock in a transaction on Tuesday, May 18th. The shares were sold at an average price of $683.20, for a total value of $7,615,630.40. Following the sale, the executive vice president now directly owns 14,439 shares in the company, valued at approximately $9,864,724.80. The disclosure for this sale can be found here. Insiders sold 22,590 shares of company stock worth $15,306,235 in the last three months. 1.00% of the stock is owned by corporate insiders.
About Charter Communications
Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company provides Internet services, such as security suite that protects computers from viruses and spyware; in-home WiFi, which provides customers with high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; and Spectrum WiFi services, as well as video services.
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