Banyan Capital Management Inc. Purchases 4,548 Shares of Charter Communications, Inc. $CHTR

Banyan Capital Management Inc. increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,685 shares of the company’s stock after purchasing an additional 4,548 shares during the period. Charter Communications comprises about 4.8% of Banyan Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Banyan Capital Management Inc.’s holdings in Charter Communications were worth $10,642,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHTR. AQR Capital Management LLC raised its stake in shares of Charter Communications by 129.1% in the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after buying an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Charter Communications by 16.3% in the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after purchasing an additional 128 shares in the last quarter. Jones Financial Companies Lllp raised its position in Charter Communications by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after purchasing an additional 435 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Charter Communications by 451.1% during the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock valued at $270,000 after purchasing an additional 600 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

CHTR has been the subject of a number of recent research reports. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday. Zacks Research lowered Charter Communications from a “hold” rating to a “strong sell” rating in a research note on Friday, January 16th. Exane BNP Paribas restated an “underperform” rating on shares of Charter Communications in a research note on Tuesday. Royal Bank Of Canada lowered their target price on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $323.67.

Insider Buying and Selling

In other news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the sale, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

Charter Communications Stock Performance

Charter Communications stock opened at $191.52 on Friday. The stock has a 50-day simple moving average of $202.00 and a 200 day simple moving average of $245.12. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 5.31, a P/E/G ratio of 0.51 and a beta of 1.06. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.89. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The company had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the prior year, the company earned $8.82 EPS. The firm’s revenue was down .7% compared to the same quarter last year. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.