Fox Run Management L.L.C. Invests $449,000 in Charter Communications, Inc. $CHTR

Key Points

• Fox Run Management L.L.C. acquired 1,219 shares of Charter Communications, valued at approximately $449,000, further indicating institutional interest in the company.
• Recent analyst ratings show a mixture of sentiment, with Sanford C. Bernstein upgrading Charter to "outperform" while other firms adjusted their price targets, leading to a consensus rating of "Hold."
• Company CEO Christopher L. Winfrey purchased 3,670 shares at about $273.10 each, increasing his ownership stake and reflecting his confidence in the company’s future.

Fox Run Management L.L.C. acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,219 shares of the company's stock, valued at approximately $449,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CHTR. Allworth Financial LP lifted its position in shares of Charter Communications by 10.5% during the 1st quarter. Allworth Financial LP now owns 283 shares of the company's stock valued at $104,000 after buying an additional 27 shares during the last quarter. Hemington Wealth Management lifted its position in shares of Charter Communications by 24.3% during the 1st quarter. Hemington Wealth Management now owns 143 shares of the company's stock valued at $52,000 after buying an additional 28 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Charter Communications by 1.1% during the 1st quarter. Brown Advisory Inc. now owns 2,704 shares of the company's stock valued at $997,000 after buying an additional 29 shares during the last quarter. Kathmere Capital Management LLC lifted its position in shares of Charter Communications by 3.8% during the 1st quarter. Kathmere Capital Management LLC now owns 876 shares of the company's stock valued at $323,000 after buying an additional 32 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Charter Communications by 4.9% during the 1st quarter. Blair William & Co. IL now owns 818 shares of the company's stock valued at $301,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analysts Set New Price Targets

CHTR has been the topic of a number of recent research reports. Arete Research raised Charter Communications to a "strong sell" rating in a research report on Tuesday, July 8th. Wall Street Zen raised Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company began coverage on Charter Communications in a report on Thursday. They set an "equal weight" rating and a $300.00 price objective on the stock. Barclays cut their target price on Charter Communications from $341.00 to $275.00 and set an "underweight" rating for the company in a research note on Monday, July 28th. Finally, Morgan Stanley upped their price target on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Charter Communications has an average rating of "Hold" and an average target price of $404.71.

Charter Communications Price Performance

Shares of NASDAQ CHTR traded up $9.60 during trading hours on Friday, reaching $277.58. 1,820,510 shares of the stock traded hands, compared to its average volume of 2,806,755. The company has a market capitalization of $37.91 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a 52-week low of $254.67 and a 52-week high of $437.06. The company's 50-day simple moving average is $342.72 and its two-hundred day simple moving average is $361.95.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $13.77 billion for the quarter, compared to analysts' expectations of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $8.49 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Activity at Charter Communications

In related news, Director Balan Nair purchased 360 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the transaction, the director directly owned 9,622 shares in the company, valued at $2,638,448.62. The trade was a 3.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher L. Winfrey purchased 3,670 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the transaction, the chief executive officer owned 70,243 shares in the company, valued at $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. 0.83% of the stock is owned by company insiders.

Charter Communications Company 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.