Sciencast Management LP Purchases Shares of 975 Charter Communications, Inc. $CHTR

Sciencast Management LP purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 1st quarter, Holdings Channel reports. The firm purchased 975 shares of the company’s stock, valued at approximately $359,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Makaira Partners LLC increased its stake in Charter Communications by 4.0% in the 4th quarter. Makaira Partners LLC now owns 373,191 shares of the company’s stock valued at $127,919,000 after buying an additional 14,510 shares during the last quarter. Private Trust Co. NA increased its stake in Charter Communications by 69.5% in the 1st quarter. Private Trust Co. NA now owns 161 shares of the company’s stock valued at $59,000 after buying an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Charter Communications by 21.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company’s stock worth $1,435,000 after purchasing an additional 676 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Charter Communications by 25.2% during the 1st quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company’s stock worth $608,000 after purchasing an additional 332 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Charter Communications by 20.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 33,471 shares of the company’s stock worth $12,335,000 after purchasing an additional 5,642 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR stock opened at $263.88 on Tuesday. The company has a market capitalization of $36.04 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 0.59 and a beta of 1.02. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50-day simple moving average of $315.23 and a 200 day simple moving average of $355.06. Charter Communications, Inc. has a 52 week low of $251.80 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). The company 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%.The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $8.49 EPS. On average, sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Transactions at Charter Communications

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHTR shares. Bank of America boosted their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Tuesday, July 1st. Wells Fargo & Company started coverage on shares of Charter Communications in a research note on Thursday, August 21st. They set an “equal weight” rating and a $300.00 price objective on the stock. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective on the stock in a research note on Friday, May 16th. Raymond James Financial upgraded shares of Charter Communications from an “underperform” rating to a “market perform” rating in a research note on Monday, May 19th. Finally, Loop Capital upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $394.61.

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.