579 Shares in Charter Communications, Inc. $CHTR Bought by PDS Planning Inc

PDS Planning Inc acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 579 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SouthState Corp purchased a new stake in shares of Charter Communications in the first quarter worth $25,000. Salem Investment Counselors Inc. raised its position in shares of Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Charter Communications in the second quarter worth $28,000. SBI Securities Co. Ltd. raised its position in shares of Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after buying an additional 41 shares in the last quarter. Finally, Strengthening Families & Communities LLC purchased a new stake in Charter Communications during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Insider Activity at Charter Communications

In other news, Director Balan Nair acquired 360 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $274.21 per share, with a total value of $98,715.60. Following the transaction, the director owned 9,622 shares in the company, valued at $2,638,448.62. The trade was a 3.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher L. Winfrey bought 3,670 shares of the stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the acquisition, the chief executive officer directly owned 70,243 shares of the company’s stock, valued at approximately $19,183,363.30. The trade was a 5.51% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

CHTR has been the topic of a number of research reports. KeyCorp lowered their price target on Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Wells Fargo & Company initiated coverage on Charter Communications in a research report on Thursday, August 21st. They set an “equal weight” rating and a $300.00 price target on the stock. Bank of America lowered their price target on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. The Goldman Sachs Group initiated coverage on Charter Communications in a research report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price target on the stock. Finally, UBS Group lowered their price target on Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $373.71.

Charter Communications Stock Down 2.1%

NASDAQ CHTR opened at $259.49 on Monday. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $35.44 billion, a PE ratio of 7.11, a PEG ratio of 0.59 and a beta of 1.05. Charter Communications, Inc. has a 1 year low of $251.80 and a 1 year high of $437.06. The business’s 50-day moving average is $266.61 and its 200 day moving average is $338.90.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). The business had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $8.49 earnings per share. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.