Mauricio Ramos Acquires 9,929 Shares of Charter Communications (NASDAQ:CHTR) Stock

Charter Communications, Inc. (NASDAQ:CHTR) Director Mauricio Ramos purchased 9,929 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the acquisition, the director directly owned 19,309 shares in the company, valued at approximately $2,721,217.37. This trade represents a 105.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Charter Communications Stock Up 0.6%

Shares of NASDAQ:CHTR traded up $0.88 on Monday, reaching $141.21. The company had a trading volume of 3,628,181 shares, compared to its average volume of 2,409,858. Charter Communications, Inc. has a 52-week low of $136.63 and a 52-week high of $430.83. The firm’s 50 day simple moving average is $204.83 and its 200-day simple moving average is $209.65. The firm has a market capitalization of $17.37 billion, a PE ratio of 3.81, a PEG ratio of 0.24 and a beta of 0.76. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last announced 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). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter last year, the firm earned $8.42 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, analysts expect that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on CHTR shares. Wells Fargo & Company boosted their target price on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Williams Trading set a $437.00 target price on Charter Communications in a research note on Monday, February 2nd. Royal Bank Of Canada dropped their target price on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research note on Monday, April 27th. Benchmark dropped 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. Finally, BNP Paribas Exane dropped their price target on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $304.82.

Institutional Trading of Charter Communications

Large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted 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 buying an additional 55 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Charter Communications in the 1st quarter valued at about $25,000. Quarry LP lifted its holdings in shares of Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the period. Altshuler Shaham Ltd acquired a new position in shares of Charter Communications in the 4th quarter valued at about $25,000. Finally, DV Equities LLC acquired a new position in shares of Charter Communications in the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 81.76% 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.