AlTi Global Inc. Has $573,000 Stock Position in Charter Communications, Inc. $CHTR

AlTi Global Inc. grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 4.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,417 shares of the company’s stock after acquiring an additional 63 shares during the period. AlTi Global Inc.’s holdings in Charter Communications were worth $573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Salem Investment Counselors Inc. lifted its position in Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Charter Communications in the 2nd quarter valued at $28,000. SouthState Corp bought a new stake in Charter Communications in the 1st quarter valued at $25,000. Family CFO Inc bought a new stake in Charter Communications in the 2nd quarter valued at $33,000. Finally, SBI Securities Co. Ltd. lifted its position in Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Transactions at Charter Communications

In other news, Director Balan Nair bought 360 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $274.21 per share, with a total value of $98,715.60. Following the acquisition, the director owned 9,622 shares in the company, valued at $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the purchase, the chief executive officer owned 70,243 shares in the company, valued at $19,183,363.30. The trade was a 5.51% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHTR. Royal Bank Of Canada cut their price objective on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating on the stock in a research report on Monday, October 6th. KeyCorp cut their price objective on shares of Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Barclays cut their price objective on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating on the stock in a research report on Monday, July 28th. Sanford C. Bernstein cut their price target on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 10th. Finally, Wells Fargo & Company started coverage on shares of 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. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Charter Communications presently has a consensus rating of “Hold” and a consensus price target of $373.71.

Charter Communications Stock Up 0.1%

Shares of CHTR stock opened at $244.20 on Friday. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s 50-day moving average is $264.77 and its 200-day moving average is $332.06. The stock has a market cap of $33.36 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.56 and a beta of 1.05. Charter Communications, Inc. has a 52-week low of $243.61 and a 52-week high of $437.06.

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

Charter Communications 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.