CreativeOne Wealth LLC Boosts Stock Holdings in Charter Communications, Inc. $CHTR

Key Points

• CreativeOne Wealth LLC increased its stake in Charter Communications by 90.4% in the first quarter, owning 4,210 shares valued at approximately $1.55 million.
• Analysts have mixed sentiment on Charter, with price target adjustments ranging from a cut by UBS Group to $355 and an increase by Loop Capital to $510.
• In recent insider transactions, both director Balan Nair and CEO Christopher L. Winfrey purchased shares, reflecting confidence in the company's prospects amidst a volatile stock price environment.

CreativeOne Wealth LLC grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 90.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,210 shares of the company's stock after purchasing an additional 1,999 shares during the quarter. CreativeOne Wealth LLC's holdings in Charter Communications were worth $1,552,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SouthState Corp purchased a new position in shares of Charter Communications during the 1st quarter valued at approximately $25,000. ST Germain D J Co. Inc. increased its holdings 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 in the last quarter. SBI Securities Co. Ltd. increased its holdings 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 in the last quarter. Strengthening Families & Communities LLC purchased a new position in shares of Charter Communications during the 1st quarter valued at approximately $33,000. Finally, Larson Financial Group LLC increased its holdings 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 in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent analyst reports. UBS Group cut their price target on shares of Charter Communications from $425.00 to $355.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Raymond James Financial raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Barclays cut their price target 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. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and boosted their price target for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Finally, Arete Research upgraded shares of Charter Communications to a "strong sell" rating in a report on Tuesday, July 8th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $404.71.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $265.58 on Friday. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a fifty day moving average price of $331.68 and a 200 day moving average price of $359.17. Charter Communications, Inc. has a 1-year low of $254.67 and a 1-year high of $437.06. The company has a market cap of $36.28 billion, a PE ratio of 7.27, a P/E/G ratio of 0.59 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 return on equity of 26.77% and a net margin of 9.53%.The company had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same period in the prior year, the business earned $8.49 earnings per share. Charter Communications's revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Buying and Selling at Charter Communications

In related news, Director Balan Nair purchased 360 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased 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 directly owned 9,622 shares in the company, valued at $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 price of $273.10 per share, with a total value of $1,002,277.00. Following the transaction, the chief executive officer directly owned 70,243 shares of the company's stock, valued at $19,183,363.30. This represents a 5.51% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is owned by company insiders.

Charter Communications 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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