Polianta Ltd Buys Shares of 12,500 Charter Communications, Inc. $CHTR

Polianta Ltd purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, HoldingsChannel.com reports. The fund purchased 12,500 shares of the company’s stock, valued at approximately $1,777,000.

Several other hedge funds and other institutional investors have also modified their holdings of CHTR. Advisory Services Network LLC raised its stake in 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 acquiring an additional 38 shares during the period. Orion Porfolio Solutions LLC boosted its stake in Charter Communications by 1.7% in the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after acquiring an additional 41 shares during the period. Occudo Quantitative Strategies LP boosted its stake in Charter Communications by 1.4% in the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after acquiring an additional 41 shares during the period. 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 valued at $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 valued at $392,000 after purchasing an additional 49 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mauricio Ramos purchased 9,929 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the purchase, the director owned 19,309 shares in the company, valued at $2,721,217.37. This trade represents a 105.85% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas Rutledge sold 69,633 shares of Charter Communications stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total value of $10,058,486.85. Following the transaction, the director owned 3,968 shares in the company, valued at approximately $573,177.60. This trade represents a 94.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Charter Communications Stock Down 3.1%

CHTR stock opened at $152.57 on Friday. Charter Communications, Inc. has a 52 week low of $111.55 and a 52 week high of $285.82. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of 3.96, a price-to-earnings-growth ratio of 0.25 and a beta of 0.70. The firm’s 50-day moving average is $136.31 and its two-hundred day moving average is $179.99. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.98 by $0.68. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The business had revenue of $13.53 billion during the quarter, compared to analysts’ expectations of $13.51 billion. During the same period last year, the firm posted $9.18 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. On average, analysts forecast that Charter Communications, Inc. will post 42.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. New Street Research lowered their price objective on Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. BNP Paribas Exane dropped their target price on Charter Communications from $150.00 to $120.00 and set an “underperform” rating on the stock in a research report on Tuesday, July 14th. Wells Fargo & Company cut their target price on Charter Communications from $160.00 to $101.00 and set an “underweight” rating on the stock in a research note on Monday, July 27th. Finally, Royal Bank Of Canada reduced their price target on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating for the company in a report on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $226.88.

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.