Campbell & CO Investment Adviser LLC Boosts Stock Position in Charter Communications, Inc. $CHTR

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its stake in Charter Communications by 165.7% during the first quarter, acquiring an additional 7,696 shares for a total holding worth approximately $4.55 million.
• Despite revenue growth of 0.6% year-over-year, Charter reported earnings per share of $9.18 for the latest quarter, missing analysts' estimates of $10.06.
• Analysts' ratings for Charter are mixed, with a consensus target price of $404.71; Barclays downgraded its rating while Bank of America set a new target of $500.

Campbell & CO Investment Adviser LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 165.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,340 shares of the company's stock after purchasing an additional 7,696 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Charter Communications were worth $4,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SouthState Corp purchased a new stake in shares of Charter Communications during the 1st quarter valued at about $25,000. ST Germain D J Co. Inc. increased its position in shares of Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after purchasing an additional 77 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Charter Communications by 93.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after purchasing an additional 41 shares during the last quarter. Strengthening Families & Communities LLC purchased a new stake in shares of Charter Communications during the 1st quarter valued at about $33,000. Finally, Larson Financial Group LLC increased its position in shares of Charter Communications by 70.2% during the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Insider Buying and Selling

In related news, CEO Christopher L. Winfrey acquired 3,670 shares of the business's stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the acquisition, the chief executive officer directly owned 70,243 shares in the company, valued at $19,183,363.30. This represents a 5.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Balan Nair acquired 360 shares of the business's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $274.21 per share, with a total value of $98,715.60. Following the completion of the acquisition, the director owned 9,622 shares in the company, valued at approximately $2,638,448.62. This represents a 3.89% 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.

Charter Communications Price Performance

CHTR traded up $1.14 during trading on Friday, reaching $264.77. 770,788 shares of the company traded hands, compared to its average volume of 1,493,877. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications, Inc. has a 12-month low of $254.67 and a 12-month high of $437.06. The firm has a fifty day simple moving average of $334.10 and a 200 day simple moving average of $359.76. The company has a market cap of $36.17 billion, a P/E ratio of 7.25, a PEG ratio of 0.60 and a beta of 1.02.

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 (EPS) for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company had revenue of $13.77 billion for the quarter, compared to analysts' expectations of $13.76 billion. During the same period last year, the business earned $8.49 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several analyst reports. Bank of America increased their target price on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Wells Fargo & Company initiated coverage on shares of Charter Communications in a report on Thursday, August 21st. They issued an "equal weight" rating and a $300.00 target price for the company. Sanford C. Bernstein raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 target price for the company in a report on Monday, July 28th. Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Finally, Barclays reduced their target price on shares of Charter Communications from $341.00 to $275.00 and set an "underweight" rating for the company in a report on Monday, July 28th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and an average target price of $404.71.

About Charter Communications

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.