Aigen Investment Management LP Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Aigen Investment Management LP lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 263.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,812 shares of the company’s stock after buying an additional 2,038 shares during the quarter. Aigen Investment Management LP’s holdings in Charter Communications were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP boosted its stake in Charter Communications by 10.5% during the first quarter. Allworth Financial LP now owns 283 shares of the company’s stock worth $104,000 after acquiring an additional 27 shares in the last quarter. Hemington Wealth Management boosted its stake in Charter Communications by 24.3% during the first quarter. Hemington Wealth Management now owns 143 shares of the company’s stock worth $52,000 after acquiring an additional 28 shares in the last quarter. Brown Advisory Inc. boosted its stake in Charter Communications by 1.1% during the first quarter. Brown Advisory Inc. now owns 2,704 shares of the company’s stock worth $997,000 after acquiring an additional 29 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in Charter Communications by 3.8% during the first quarter. Kathmere Capital Management LLC now owns 876 shares of the company’s stock worth $323,000 after acquiring an additional 32 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Charter Communications by 4.9% during the first quarter. Blair William & Co. IL now owns 818 shares of the company’s stock worth $301,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Down 0.9%

CHTR opened at $256.57 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The firm has a 50 day moving average price of $368.33 and a 200-day moving average price of $368.10. Charter Communications, Inc. has a twelve month low of $256.03 and a twelve month high of $437.06. The stock has a market capitalization of $35.04 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.57 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business had revenue of $13.77 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the prior year, the company posted $8.49 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHTR. Arete Research raised shares of Charter Communications to a “strong sell” rating in a research note on Tuesday, July 8th. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price on the stock in a research note on Friday, May 16th. Wells Fargo & Company upped their target price on shares of Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, April 28th. Royal Bank Of Canada dropped their target price on shares of Charter Communications from $430.00 to $370.00 and set a “sector perform” rating on the stock in a research note on Monday, July 28th. Finally, Wall Street Zen upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $410.59.

Insider Buying and Selling

In other Charter Communications news, CEO Christopher L. Winfrey bought 3,670 shares of Charter Communications stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the acquisition, the chief executive officer owned 70,243 shares in the company, valued at approximately $19,183,363.30. This represents a 5.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Balan Nair bought 360 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $274.21 per share, with a total value of $98,715.60. Following the completion of the acquisition, the director owned 9,622 shares of the company’s stock, valued at $2,638,448.62. The trade was a 3.89% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by corporate insiders.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.