Charter Communications (NASDAQ:CHTR) Director Mauricio Ramos Buys 9,929 Shares
by Doug Wharley · The Cerbat GemCharter Communications, Inc. (NASDAQ:CHTR – Get Free Report) Director Mauricio Ramos acquired 9,929 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the purchase, the director directly owned 19,309 shares in the company, valued at approximately $2,721,217.37. The trade was a 105.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Charter Communications Trading Up 0.6%
Shares of NASDAQ:CHTR traded up $0.88 during trading on Monday, hitting $141.21. The company had a trading volume of 3,628,181 shares, compared to its average volume of 2,409,858. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 3.81, a price-to-earnings-growth ratio of 0.24 and a beta of 0.76. Charter Communications, Inc. has a one year low of $136.63 and a one year high of $430.83. The company has a fifty day simple moving average of $204.83 and a two-hundred day simple moving average of $209.65. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40.
Charter Communications (NASDAQ:CHTR – Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.01 by ($0.84). The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. Charter Communications’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $8.42 earnings per share. As a group, equities analysts forecast that Charter Communications, Inc. will post 43 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in CHTR. AQR Capital Management LLC increased its position in Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after purchasing an additional 6,691 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Charter Communications by 16.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock valued at $336,000 after acquiring an additional 128 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock valued at $493,000 after acquiring an additional 435 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of 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 acquiring an additional 55 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Charter Communications by 451.1% in the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock valued at $270,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.
Analyst Ratings Changes
CHTR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Charter Communications in a research note on Wednesday, April 29th. They set a “neutral” rating and a $215.00 price target for the company. UBS Group set a $425.00 target price on Charter Communications in a research report on Thursday, January 29th. Williams Trading set a $437.00 target price on Charter Communications in a research report on Monday, February 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. Finally, Sanford C. Bernstein decreased their target price on Charter Communications from $220.00 to $210.00 and set a “market perform” rating for the company in a research report on Monday, April 27th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $304.82.
Get Our Latest Stock Report on Charter Communications
About Charter Communications
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.