Citigroup Inc. lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 27.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 323,668 shares of the company's stock after selling 123,765 shares during the quarter. Citigroup Inc. owned about 0.23% of Charter Communications worth $119,281,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. ST Germain D J Co. Inc. increased its holdings in Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock worth $31,000 after acquiring an additional 41 shares in the last quarter. Larson Financial Group LLC raised its stake in Charter Communications by 70.2% during the first quarter. Larson Financial Group LLC now owns 97 shares of the company's stock worth $36,000 after acquiring an additional 40 shares in the last quarter. Costello Asset Management INC acquired a new position in Charter Communications during the first quarter worth $37,000. Finally, NBC Securities Inc. acquired a new position in Charter Communications during the first quarter worth $47,000. 81.76% of the stock is owned by institutional investors and hedge funds.
Charter Communications Price Performance
CHTR traded up $4.95 on Wednesday, reaching $268.05. The stock had a trading volume of 1,383,961 shares, compared to its average volume of 1,479,228. Charter Communications, Inc. has a fifty-two week low of $254.67 and a fifty-two week high of $437.06. The firm has a 50-day moving average of $363.06 and a 200-day moving average of $366.62. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. The company has a market capitalization of $36.61 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 0.58 and a beta of 1.02.
Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $13.76 billion. During the same period in the previous year, the company posted $8.49 EPS. The company's quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on CHTR. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and raised their target price for the company from $430.00 to $510.00 in a research note on Monday, May 19th. Citigroup raised their price target on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a report on Monday, April 28th. Wells Fargo & Company raised their price target on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Royal Bank Of Canada reduced their target price on Charter Communications from $430.00 to $370.00 and set a "sector perform" rating on the stock in a report on Monday, July 28th. Finally, Arete Research upgraded Charter Communications to a "strong sell" rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $410.59.
Check Out Our Latest Report on Charter Communications
Insider Buying and Selling at Charter Communications
In other news, Director Balan Nair bought 360 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the acquisition, the director owned 9,622 shares of the company's stock, valued at approximately $2,638,448.62. The trade was a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the purchase, the chief executive officer owned 70,243 shares in the company, 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. Insiders own 0.83% of the company's stock.
About Charter Communications
(
Free Report)
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.
Further Reading
Before you consider Charter Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charter Communications wasn't on the list.
While Charter Communications currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
