National Pension Service Acquires 1,041 Shares of Charter Communications, Inc. $CHTR

National Pension Service increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.6% in the second quarter, Holdings Channel.com reports. The fund owned 166,751 shares of the company’s stock after buying an additional 1,041 shares during the quarter. National Pension Service’s holdings in Charter Communications were worth $68,169,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CHTR. Atlantic Union Bankshares Corp purchased a new stake in Charter Communications in the 2nd quarter valued at about $25,000. Salem Investment Counselors Inc. raised its stake in shares of Charter Communications by 2,033.3% during the second 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 purchased a new stake in shares of Charter Communications in the second quarter valued at approximately $28,000. SouthState Corp bought a new position in Charter Communications in the first quarter worth approximately $25,000. Finally, Family CFO Inc purchased a new position in Charter Communications during the 2nd quarter worth $33,000. Institutional investors own 81.76% of the company’s stock.

Insider Transactions at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the sale, the director owned 10,146 shares of the company’s stock, valued at $2,294,822.28. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.83% of the company’s stock.

Charter Communications Stock Down 3.9%

Shares of NASDAQ CHTR opened at $204.80 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The business’s 50 day moving average is $252.95 and its two-hundred day moving average is $320.92. Charter Communications, Inc. has a 52-week low of $204.45 and a 52-week high of $437.06. The firm has a market cap of $26.50 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 0.55 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter in the prior year, the firm posted $8.82 EPS. Charter Communications’s quarterly revenue was down .7% compared to the same quarter last year. Research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of recent research reports. 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. UBS Group cut their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Barclays dropped their price objective on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Citigroup reduced their price objective on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Bank of America cut their price objective on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $329.56.

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 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.