Peak Retirement Planning Inc. Increases Holdings in Charter Communications, Inc. $CHTR

Peak Retirement Planning Inc. boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 68.7% during the 4th quarter, HoldingsChannel reports. The firm owned 13,540 shares of the company’s stock after buying an additional 5,513 shares during the period. Peak Retirement Planning Inc.’s holdings in Charter Communications were worth $2,827,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AXQ Capital LP grew its position in shares of Charter Communications by 119.4% during the 4th quarter. AXQ Capital LP now owns 8,381 shares of the company’s stock worth $1,750,000 after buying an additional 4,561 shares in the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in Charter Communications in the fourth quarter worth about $3,131,000. Thompson Siegel & Walmsley LLC grew its holdings in Charter Communications by 1,804.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock worth $21,403,000 after acquiring an additional 97,143 shares in the last quarter. Florida Financial Advisors LLC bought a new stake in shares of Charter Communications in the 4th quarter valued at about $268,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Charter Communications by 3.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 38,337 shares of the company’s stock valued at $8,003,000 after purchasing an additional 1,376 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Thomas Rutledge sold 69,633 shares of the stock in a transaction that occurred 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 represents a 94.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wade Davis purchased 5,728 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the acquisition, the director owned 6,925 shares in the company, valued at $1,203,011. This trade represents a 478.53% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 20,125 shares of company stock worth $3,167,116 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Charter Communications Stock Performance

CHTR opened at $140.27 on Wednesday. Charter Communications, Inc. has a 52-week low of $136.63 and a 52-week high of $422.29. The firm’s 50-day moving average price is $188.22 and its 200-day moving average price is $203.39. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. The company has a market cap of $17.25 billion, a P/E ratio of 3.79, a price-to-earnings-growth ratio of 0.25 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share 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 business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same quarter last year, the company posted $8.42 EPS. Charter Communications’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CHTR. New Street Research reduced their price target on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Citigroup reduced their price target on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 27th. Royal Bank Of Canada reduced 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 report on Monday, April 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. Finally, Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $290.38.

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.