Charter Communications (NASDAQ:CHTR) Director Purchases $995,068.16 in Stock

Charter Communications, Inc. (NASDAQ:CHTR) Director Wade Davis bought 5,728 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The stock was bought at an average price of $173.72 per share, with a total value of $995,068.16. Following the completion of the acquisition, the director owned 6,925 shares in the company, valued at approximately $1,203,011. The trade was a 478.53% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Charter Communications Stock Performance

CHTR traded down $14.46 on Wednesday, hitting $158.65. The company had a trading volume of 5,577,432 shares, compared to its average volume of 2,212,219. The company’s fifty day moving average price is $222.08 and its 200 day moving average price is $217.39. Charter Communications, Inc. has a 1-year low of $158.42 and a 1-year high of $437.06. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.39. The stock has a market cap of $20.09 billion, a price-to-earnings ratio of 4.28, a price-to-earnings-growth ratio of 0.27 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (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 the consensus estimate of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.42 earnings per share. Equities analysts predict that Charter Communications, Inc. will post 43.39 earnings per share for the current fiscal year.

Charter Communications News Roundup

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Insider buying by the CEO — Christopher Winfrey purchased 3,468 shares, increasing his stake, which signals management confidence and can support sentiment. Read More.
• Positive Sentiment: Director purchase — Director Balan Nair bought 1,000 shares at ~$175.46, further showing insider accumulation. Insider buys often calm markets when fundamentals look weak. Read More.
• Positive Sentiment: Bullish commentary: a Seeking Alpha “cigar butt” piece and a Yahoo opinion argue the market is over?penalizing CHTR, highlighting durable network assets and eventual FCF upside once capex normalizes — these narratives can attract value buyers. Read More. | Read More.
• Neutral Sentiment: New coverage: JPMorgan initiated coverage with a Neutral rating and $215 PT — a constructive price target but not a buy signal; product for investors is mixed. Read More.
• Neutral Sentiment: Industry context: notes that Russell 1000 signals industry momentum could help if broadband/video demand improves, but this is indirect for CHTR. Read More.
• Negative Sentiment: Earnings miss — Q1 EPS $9.17 vs $10.01 expected and revenue down 1% YoY with residential video weakness; the print is the proximate cause of today’s selling pressure. Read More.
• Negative Sentiment: Analyst cuts — Several brokers trimmed targets this week (Deutsche Bank to $215, Citi to $230, Goldman lower), compressing perceived upside and amplifying the sell?side pressure. Read More.
• Negative Sentiment: Balance?sheet & valuation risks — stock trades well below its 50/200?day averages and the company carries high leverage (debt/equity ~4.6), factors that keep risk premia elevated despite a low reported P/E. Read More.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHTR. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research report on Monday. Royal Bank Of Canada lowered their price target on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research report on Monday. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Finally, Citigroup lowered their price target on Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $315.67.

Institutional Trading of Charter Communications

Several large investors have recently made changes to their positions in the business. Advisory Services Network LLC grew its holdings in shares of Charter Communications by 3.8% during the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after purchasing an additional 38 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after purchasing an additional 41 shares during the last quarter. Occudo Quantitative Strategies LP grew its holdings in shares of Charter Communications by 1.4% during the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after purchasing an additional 41 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in shares of Charter Communications by 4.1% during the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Charter Communications by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

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.