AlphaQuest LLC Grows Stake in Charter Communications, Inc. $CHTR

AlphaQuest LLC grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 87.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,555 shares of the company’s stock after buying an additional 727 shares during the quarter. AlphaQuest LLC’s holdings in Charter Communications were worth $636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Charter Communications by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company’s stock worth $3,018,909,000 after buying an additional 120,303 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Charter Communications by 53.6% in the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock valued at $851,331,000 after purchasing an additional 806,145 shares during the period. Invesco Ltd. lifted its stake in shares of Charter Communications by 7.0% in the 1st quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock valued at $676,181,000 after purchasing an additional 120,624 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Charter Communications by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company’s stock valued at $472,941,000 after purchasing an additional 19,594 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Charter Communications by 22.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock valued at $405,118,000 after purchasing an additional 198,444 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Insider Buying and Selling at Charter Communications

In related news, Director Balan Nair purchased 360 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $274.21 per share, with a total value of $98,715.60. Following the completion of the acquisition, the director owned 9,622 shares of the company’s stock, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the acquisition, the chief executive officer directly owned 70,243 shares of the company’s stock, valued at $19,183,363.30. This trade represents 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.

Charter Communications Stock Performance

Shares of CHTR opened at $245.44 on Tuesday. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. Charter Communications, Inc. has a one year low of $243.44 and a one year high of $437.06. The firm has a market capitalization of $33.52 billion, a P/E ratio of 6.72, a PEG ratio of 0.56 and a beta of 1.05. The business has a fifty day moving average of $264.34 and a 200 day moving average of $331.32.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on CHTR shares. Sanford C. Bernstein lowered their target price on Charter Communications from $380.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, September 10th. Wells Fargo & Company started coverage on Charter Communications in a research note on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 target price for the company. The Goldman Sachs Group started coverage on Charter Communications in a research note on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 target price for the company. KeyCorp lowered their target price on Charter Communications from $500.00 to $430.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Finally, Citigroup initiated coverage on Charter Communications in a research note on Monday, October 6th. They issued a “buy” rating and a $325.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $373.71.

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.