Traub Capital Management LLC Buys New Stake in Charter Communications, Inc. $CHTR

Traub Capital Management LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 320 shares of the company’s stock, valued at approximately $131,000.

A number of other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in Charter Communications during the 2nd quarter worth about $25,000. Salem Investment Counselors Inc. lifted its position in shares of Charter Communications by 2,033.3% during the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Charter Communications in the second quarter valued at approximately $28,000. SouthState Corp acquired a new position in shares of Charter Communications in the first quarter valued at approximately $25,000. Finally, Family CFO Inc purchased a new stake in Charter Communications during the 2nd quarter worth approximately $33,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $194.22 on Thursday. The stock’s 50-day simple moving average is $247.91 and its 200-day simple moving average is $315.31. 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 firm has a market capitalization of $25.13 billion, a PE ratio of 5.32, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. Charter Communications, Inc. has a fifty-two week low of $193.49 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The company had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $8.82 EPS. As a group, equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the sale, the director directly owned 10,146 shares of the company’s stock, valued at $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CHTR has been the subject of several recent research reports. Royal Bank Of Canada decreased their price target on shares of Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a research report on Monday, November 3rd. BNP Paribas Exane decreased their target price on Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a report on Tuesday, November 4th. Bank of America cut their price target on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Wells Fargo & Company decreased their price objective on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. Finally, Oppenheimer lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Charter Communications has a consensus rating of “Reduce” and an average price target of $329.56.

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.