12,500 Shares in Charter Communications, Inc. $CHTR Acquired by Polianta Ltd

Key Points

• Polianta Ltd acquired 12,500 shares of Charter Communications during the second quarter, worth approximately $1.78 million. Institutional investors collectively own 81.76% of the company’s stock.
• Charter reported quarterly EPS of $10.66, exceeding estimates of $9.98, while revenue reached $13.53 billion. However, revenue declined 1.7% year over year.
• Analyst sentiment remains mixed, with five Buy, nine Hold, and five Sell ratings; the consensus rating is Hold. Recent price-target changes included reductions from RBC, Citigroup, Goldman Sachs, and others.

Polianta Ltd purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,500 shares of the company's stock, valued at approximately $1,777,000.

Other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Charter Communications during the first quarter worth approximately $25,000. Quarry LP grew its stake in Charter Communications by 153.2% during the fourth quarter. Quarry LP now owns 119 shares of the company's stock worth $25,000 after buying an additional 72 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Charter Communications in the fourth quarter worth $25,000. Finally, DV Equities LLC purchased a new position in shares of Charter Communications in the 4th quarter valued at $25,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Charter Communications stock opened at $152.57 on Friday. Charter Communications, Inc. has a 52 week low of $111.55 and a 52 week high of $285.82. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. The stock has a market cap of $18.20 billion, a P/E ratio of 3.96, a price-to-earnings-growth ratio of 0.25 and a beta of 0.70. The stock has a 50 day moving average of $136.31 and a 200-day moving average of $179.99.

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

Insider Buying and Selling at Charter Communications

In other news, Director Thomas Rutledge sold 69,633 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the transaction, the director owned 3,968 shares of the company's stock, valued at approximately $573,177.60. This trade represents a 94.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mauricio Ramos purchased 9,929 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the purchase, the director directly owned 19,309 shares of the company's stock, valued at approximately $2,721,217.37. This represents a 105.85% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on CHTR shares. Royal Bank Of Canada reduced their target price on shares of Charter Communications from $160.00 to $150.00 and set a "sector perform" rating on the stock in a report on Monday, July 27th. Benchmark reissued a "buy" rating on shares of Charter Communications in a research report on Wednesday, July 22nd. Citigroup reduced their price objective on Charter Communications from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Tuesday, July 28th. Bank of America reaffirmed a "buy" rating on shares of Charter Communications in a research report on Monday, July 27th. Finally, The Goldman Sachs Group lowered their target price on Charter Communications from $185.00 to $125.00 and set a "sell" rating for the company in a research note on Thursday, July 2nd. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $226.88.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter's service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company's consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source