Stance Capital LLC Buys 6,582 Shares of Charter Communications, Inc. $CHTR

Stance Capital LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 340.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,513 shares of the company’s stock after buying an additional 6,582 shares during the period. Stance Capital LLC’s holdings in Charter Communications were worth $1,777,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CHTR. Dodge & Cox boosted its position in shares of Charter Communications by 23.7% during the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after purchasing an additional 2,801,671 shares in the last quarter. Vanguard Group Inc. raised its holdings in Charter Communications by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock worth $2,139,330,000 after purchasing an additional 885,935 shares in the last quarter. State Street Corp raised its holdings in Charter Communications by 22.7% in the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after purchasing an additional 1,475,383 shares in the last quarter. Capital Research Global Investors lifted its position in Charter Communications by 304.9% during the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after buying an additional 3,626,135 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Charter Communications by 119.6% during the 4th quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after buying an additional 1,617,148 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $126.23 on Friday. 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 stock has a market capitalization of $15.53 billion, a PE ratio of 3.41, a price-to-earnings-growth ratio of 0.22 and a beta of 0.71. Charter Communications, Inc. has a 52-week low of $126.00 and a 52-week high of $422.29. The company has a 50-day simple moving average of $164.80 and a two-hundred day simple moving average of $196.91.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The firm had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.42 EPS. On average, analysts anticipate that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. New Street Research reduced their target price on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. BNP Paribas Exane dropped their price objective on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 24th. Benchmark decreased their target price on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $210.00 price target on shares of Charter Communications in a research report on Tuesday, May 26th. Finally, Freedom Capital upgraded Charter Communications to a “hold” rating in a research note on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Reduce” and a consensus price target of $290.38.

Insiders Place Their Bets

In other Charter Communications news, Director Thomas Rutledge sold 69,633 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the sale, the director directly owned 3,968 shares in the company, valued at approximately $573,177.60. This trade represents a 94.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mauricio Ramos bought 9,929 shares of Charter Communications stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the acquisition, the director owned 19,309 shares in the company, valued at approximately $2,721,217.37. This represents a 105.85% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 20,125 shares of company stock worth $3,167,116 in the last three months. Corporate 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.