Charter Communications, Inc. $CHTR Stock Position Lifted by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 30,185.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 14,537 shares of the company’s stock after acquiring an additional 14,489 shares during the period. Meeder Asset Management Inc.’s holdings in Charter Communications were worth $3,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Quarry LP raised its position in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in Charter Communications in the fourth quarter worth $25,000. DV Equities LLC bought a new stake in Charter Communications during the fourth quarter valued at $25,000. Geneos Wealth Management Inc. increased its stake in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Finally, Manchester Capital Management LLC raised its holdings in shares of Charter Communications by 1,600.0% during the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock worth $39,000 after purchasing an additional 176 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Christopher L. Winfrey bought 3,468 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was purchased at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the transaction, the chief executive officer owned 74,409 shares in the company, valued at approximately $12,815,462.07. This trade represents a 4.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Balan Nair purchased 1,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was purchased at an average price of $175.46 per share, for a total transaction of $175,460.00. Following the purchase, the director directly owned 12,029 shares of the company’s stock, valued at $2,110,608.34. This trade represents a 9.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 20,125 shares of company stock worth $3,167,116 over the last three months. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

CHTR has been the subject of several research reports. Royal Bank Of Canada decreased their price target on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. Wells Fargo & Company dropped their price objective on shares of Charter Communications from $170.00 to $160.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 7th. Benchmark cut their target price on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Barclays decreased their target price on Charter Communications from $200.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group lowered their target price on Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a report on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $253.81.

Charter Communications Stock Performance

CHTR stock opened at $131.37 on Monday. Charter Communications, Inc. has a 1 year low of $124.05 and a 1 year high of $402.15. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 3.55, a PEG ratio of 0.24 and a beta of 0.71. 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’s fifty day moving average is $137.85 and its two-hundred day moving average is $186.71.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 24th. The company reported $9.17 EPS 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 firm had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. During the same quarter in the prior year, the company posted $8.42 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. On average, research analysts predict that Charter Communications, Inc. will post 41.47 EPS for the current year.

Charter Communications 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.