SG Americas Securities LLC decreased its position in Charter Communications, Inc. (NASDAQ:CHTR – Free Report) by 31.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,055 shares of the company’s stock after selling 18,673 shares during the period. SG Americas Securities LLC’s holdings in Charter Communications were worth $8,863,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Quarry LP raised its stake in shares of Charter Communications by 153.2% in the fourth quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in Charter Communications during the fourth quarter worth $25,000. DV Equities LLC acquired a new stake in Charter Communications during the fourth quarter worth $25,000. Geneos Wealth Management Inc. increased its holdings in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in Charter Communications by 1,600.0% in the 4th quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock valued at $39,000 after buying an additional 176 shares during the period. Institutional investors own 81.76% of the company’s stock.
Insider Transactions at Charter Communications
In other news, Director Thomas Rutledge sold 69,633 shares of Charter Communications stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total value of $10,058,486.85. Following the completion of the transaction, the director owned 3,968 shares in the company, valued at approximately $573,177.60. The trade was a 94.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher L. Winfrey bought 3,468 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was purchased at an average price of $172.23 per share, with a total value of $597,293.64. Following the purchase, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at $12,815,462.07. The trade was a 4.89% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 20,125 shares of company stock valued at $3,167,116. 1.10% of the stock is owned by company insiders.
Analyst Ratings Changes
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Charter Communications Stock Up 3.1%
Shares of NASDAQ CHTR opened at $133.64 on Friday. Charter Communications, Inc. has a 52-week low of $124.05 and a 52-week high of $422.29. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The business has a fifty day moving average of $155.75 and a two-hundred day moving average of $194.48. The stock has a market cap of $16.44 billion, a PE ratio of 3.61, a PEG ratio of 0.23 and a beta of 0.71.
Charter Communications (NASDAQ:CHTR – Get Free Report) last posted its earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing the consensus estimate of $10.01 by ($0.84). The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $8.42 EPS. As a group, equities research analysts expect that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.
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.
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