Aberdeen Group plc Has $14.24 Million Holdings in Charter Communications, Inc. $CHTR

Key Points

• Aberdeen Group plc has increased its holdings in Charter Communications by 9.2%, now owning 34,841 shares valued at approximately $14.24 million.
• Charter Communications reported $9.18 EPS for the last quarter, missing estimates by $0.88, while revenue increased by 0.6% year-over-year to $13.77 billion.
• The company's stock has a current market cap of $36.37 billion and is rated with an average consensus of "Hold" with a target price of $373.71.

Aberdeen Group plc raised its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 9.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 34,841 shares of the company's stock after acquiring an additional 2,922 shares during the period. Aberdeen Group plc's holdings in Charter Communications were worth $14,243,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. grew its stake in Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company's stock valued at $26,000 after acquiring an additional 61 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Charter Communications in the second quarter valued at approximately $28,000. SouthState Corp bought a new position in shares of Charter Communications in the first quarter valued at approximately $25,000. Family CFO Inc bought a new position in shares of Charter Communications in the second quarter valued at approximately $33,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $266.25 on Wednesday. The business's fifty day simple moving average is $266.55 and its 200 day simple moving average is $337.63. The firm has a market capitalization of $36.37 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05. Charter Communications, Inc. has a 12 month low of $251.80 and a 12 month high of $437.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). The business 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 revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $8.49 earnings per share. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insiders Place Their Bets

In other news, Director Balan Nair bought 360 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $274.21 per share, with a total value of $98,715.60. Following the completion of the transaction, the director directly owned 9,622 shares of the company's stock, valued at $2,638,448.62. This represents a 3.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher L. Winfrey bought 3,670 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was purchased at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the transaction, 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. Company insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America dropped their target price 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 assumed coverage on Charter Communications in a report on Thursday, August 21st. They issued an "equal weight" rating and a $300.00 target price on the stock. Citigroup assumed coverage on Charter Communications in a report on Monday, October 6th. They issued a "buy" rating and a $325.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Charter Communications from $370.00 to $325.00 and set a "hold" rating on the stock in a report on Monday, October 6th. Finally, Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $373.71.

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.

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