United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires Shares of 19,493 Charter Communications, Inc. $CHTR

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,493 shares of the company’s stock, valued at approximately $4,069,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Geneos Wealth Management Inc. lifted its stake 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 purchasing an additional 55 shares during the period. Caitlin John LLC acquired a new position in shares of Charter Communications in the 3rd quarter valued at $41,000. Rakuten Securities Inc. lifted its stake in shares of Charter Communications by 535.0% in the 2nd quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock valued at $52,000 after purchasing an additional 107 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Charter Communications by 29.3% in the 4th quarter. Global Retirement Partners LLC now owns 357 shares of the company’s stock valued at $75,000 after purchasing an additional 81 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Charter Communications by 100.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 291 shares of the company’s stock valued at $80,000 after purchasing an additional 146 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Charter Communications news, Director Wade Davis bought 5,728 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was acquired 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 directly owned 6,925 shares of the company’s stock, valued at $1,203,011. This represents a 478.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mauricio Ramos bought 9,929 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the acquisition, the director directly owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. This represents a 105.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 20,125 shares of company stock worth $3,167,116 in the last 90 days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CHTR shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $210.00 target price on shares of Charter Communications in a research note on Tuesday. Royal Bank Of Canada decreased their target price on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. TD Cowen boosted their target price on shares of Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Citigroup decreased their target price on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Reduce” and an average target price of $290.38.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $144.05 on Friday. The firm has a market cap of $17.72 billion, a PE ratio of 3.89, a PEG ratio of 0.25 and a beta of 0.76. The firm has a fifty day moving average of $189.60 and a 200 day moving average of $203.91. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a one year low of $136.63 and a one year high of $422.29.

Charter Communications (NASDAQ:CHTR) last issued 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). The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.Charter Communications’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.42 EPS. As a group, research analysts predict that Charter Communications, Inc. will post 43 EPS for the current fiscal 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.