Rep. August Pfluger Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• Rep. August Pfluger purchased Charter Communications shares worth between $1,001 and $15,000 on August 20 through his CP ROTH IRA, according to a filing disclosed September 14.
• Charter reported quarterly EPS of $10.66, beating estimates of $9.98, while revenue of $13.53 billion slightly exceeded forecasts. However, revenue declined 1.7% year over year.
• CHTR shares opened at $141.20, well below their 52-week high of $285.82. Analysts’ consensus rating is “Reduce,” with a $216.56 average price target, while institutional investors own 81.76% of the company.

Representative August Pfluger (Republican-Texas) recently bought shares of Charter Communications, Inc. NASDAQ: CHTR. In a filing disclosed on September 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Charter Communications stock on August 20th. The trade occurred in the Representative's "CP ROTH IRA" account.

Charter Communications Price Performance

CHTR opened at $141.20 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32. The company's 50-day moving average price is $143.87 and its 200 day moving average price is $166.93. Charter Communications, Inc. has a fifty-two week low of $111.55 and a fifty-two week high of $285.82. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 3.67, a price-to-earnings-growth ratio of 0.30 and a beta of 0.69.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, beating analysts' consensus estimates of $9.98 by $0.68. The company had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.Charter Communications's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.18 earnings per share. As a group, sell-side analysts expect that Charter Communications, Inc. will post 42.72 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Several hedge funds have recently made changes to their positions in CHTR. Capital Research Global Investors grew its holdings in shares of Charter Communications by 304.9% in the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company's stock worth $1,005,222,000 after acquiring an additional 3,626,135 shares during the last quarter. Norges Bank purchased a new position in Charter Communications in the 4th quarter worth about $555,383,000. State of Michigan Retirement System increased its stake in Charter Communications by 1,547.4% in the 1st quarter. State of Michigan Retirement System now owns 431,582 shares of the company's stock worth $93,170,000 after purchasing an additional 405,385 shares in the last quarter. Lind Value II ApS raised its holdings in Charter Communications by 180.5% during the 4th quarter. Lind Value II ApS now owns 618,373 shares of the company's stock worth $129,085,000 after buying an additional 397,928 shares during the period. Finally, Tidal Investments LLC lifted its stake in Charter Communications by 737.5% during the second quarter. Tidal Investments LLC now owns 241,503 shares of the company's stock valued at $34,344,000 after buying an additional 212,668 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Charter Communications in a report on Wednesday, June 24th. Bank of America restated a "buy" rating on shares of Charter Communications in a research report on Monday, July 27th. Sanford C. Bernstein restated a "market perform" rating and issued a $150.00 price target on shares of Charter Communications in a research note on Monday, July 27th. TD Cowen cut their price target on Charter Communications from $413.00 to $380.00 and set a "buy" rating on the stock in a report on Monday, July 27th. Finally, UBS Group lowered their target price on Charter Communications from $235.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $216.56.

About Representative Pfluger

August Pfluger (Republican Party) is a member of the U.S. House, representing Texas' 11th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Pfluger (Republican Party) is running for re-election to the U.S. House to represent Texas' 11th Congressional District. He declared candidacy for the 2026 election. August Pfluger lives in San Angelo, Texas. Pfluger graduated from San Angelo High School. He serves in the U.S. Air Force Reserves and has reached the rank of colonel. Pfluger earned a degree from the U.S. Air Force Academy. His career experience includes working as a National Security Council advisor with the Trump administration.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company's consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.