Rare Wolf Capital LLC purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,585 shares of the company’s stock, valued at approximately $1,375,000. Charter Communications makes up about 0.9% of Rare Wolf Capital LLC’s holdings, making the stock its 28th biggest position.
A number of other large investors also recently modified their holdings of the company. Advisory Services Network LLC increased its holdings in Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after acquiring an additional 38 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after purchasing an additional 41 shares during the period. Occudo Quantitative Strategies LP grew its position in shares of Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after purchasing an additional 41 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Charter Communications by 3.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after purchasing an additional 49 shares in the last quarter. Finally, CI Investments Inc. increased its holdings in shares of Charter Communications by 10.6% in the third quarter. CI Investments Inc. now owns 573 shares of the company’s stock worth $158,000 after purchasing an additional 55 shares during the period. 81.76% of the stock is currently owned by institutional investors.
Charter Communications Price Performance
CHTR opened at $126.23 on Friday. The stock has a 50-day moving average price of $166.71 and a 200-day moving average price of $197.41. Charter Communications, Inc. has a 12-month low of $126.00 and a 12-month high of $422.29. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The stock has a market capitalization of $15.53 billion, a P/E ratio of 3.41, a PEG ratio of 0.23 and a beta of 0.71.
Analyst Ratings Changes
A number of brokerages recently issued reports on CHTR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. Benchmark decreased their target price on Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. New Street Research decreased their target price on Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $210.00 price target on shares of Charter Communications in a report on Tuesday, May 26th. Finally, Freedom Capital upgraded Charter Communications to a “hold” rating in a research report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, Charter Communications has an average rating of “Reduce” and a consensus price target of $290.38.
Check Out Our Latest Research Report on CHTR
Insiders Place Their Bets
In other Charter Communications news, Director Balan Nair purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were purchased at an average cost of $175.46 per share, with a total value of $175,460.00. Following the completion of the purchase, the director owned 12,029 shares of the company’s stock, valued at $2,110,608.34. The trade was a 9.07% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher L. Winfrey acquired 3,468 shares of the stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average price of $172.23 per share, with a total value of $597,293.64. Following the completion of the acquisition, the chief executive officer owned 74,409 shares in the company, valued at approximately $12,815,462.07. The trade was a 4.89% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 20,125 shares of company stock valued at $3,167,116 over the last 90 days. Company insiders own 1.10% of the company’s stock.
Charter Communications Company 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.
Featured Stories
- Five stocks we like better than Charter Communications
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.
