Rosenberg Matthew Hamilton Acquires 42 Shares of Charter Communications, Inc. $CHTR

Rosenberg Matthew Hamilton raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 15.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318 shares of the company’s stock after buying an additional 42 shares during the period. Rosenberg Matthew Hamilton’s holdings in Charter Communications were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CHTR. SouthState Corp bought a new position in shares of Charter Communications in the first quarter valued at $25,000. Salem Investment Counselors Inc. lifted its stake in shares of Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Charter Communications in the second quarter valued at $28,000. SBI Securities Co. Ltd. lifted its stake in shares of Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after buying an additional 41 shares in the last quarter. Finally, Strengthening Families & Communities LLC bought a new position in shares of Charter Communications in the first quarter valued at $33,000. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CHTR shares. Sanford C. Bernstein dropped their price objective on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Charter Communications in a report on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday, October 6th. Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a report on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Charter Communications from $370.00 to $325.00 and set a “hold” rating for the company in a report on Monday, October 6th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $373.71.

Insider Activity at Charter Communications

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

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $264.56 on Thursday. 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 market capitalization of $36.14 billion, a PE ratio of 7.24, a P/E/G ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a twelve month low of $251.80 and a twelve month high of $437.06. The company has a 50-day moving average price of $266.60 and a two-hundred day moving average price of $337.12.

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

Charter Communications Profile

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.