Jackson Wealth Management LLC Buys Shares of 1,278 Charter Communications, Inc. $CHTR

Key Points

• Jackson Wealth Management LLC purchased 1,278 shares of Charter Communications, valued at approximately $522,000, as part of their second quarter investment strategy.
• Insider transactions were noted, with CEO Christopher L. Winfrey acquiring 3,670 shares at $273.10 each, increasing his ownership by 5.51% and valuing his total stake at around $19.18 million.
• Analysts have mixed opinions on Charter Communications, with a current average rating of "Hold" and price targets ranging significantly from $300 to $440.

Jackson Wealth Management LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,278 shares of the company's stock, valued at approximately $522,000.

Several other institutional investors have also recently made changes to their positions in the company. Gamco Investors INC. ET AL increased its holdings in shares of Charter Communications by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company's stock worth $1,153,000 after purchasing an additional 25 shares during the period. Allworth Financial LP increased its stake in Charter Communications by 10.5% in the first quarter. Allworth Financial LP now owns 283 shares of the company's stock valued at $104,000 after acquiring an additional 27 shares during the last quarter. Hemington Wealth Management increased its stake in Charter Communications by 24.3% in the first quarter. Hemington Wealth Management now owns 143 shares of the company's stock valued at $52,000 after acquiring an additional 28 shares during the last quarter. Cooper Financial Group increased its stake in Charter Communications by 2.3% in the second quarter. Cooper Financial Group now owns 1,260 shares of the company's stock valued at $515,000 after acquiring an additional 28 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Charter Communications by 1.1% during the first quarter. Brown Advisory Inc. now owns 2,704 shares of the company's stock valued at $997,000 after buying an additional 29 shares during the period. Institutional investors own 81.76% of the company's stock.

Insider Transactions at Charter Communications

In other Charter Communications 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 price of $274.21 per share, with a total value of $98,715.60. Following the completion of the purchase, the director owned 9,622 shares of the company's stock, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher L. Winfrey bought 3,670 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the purchase, the chief executive officer directly owned 70,243 shares of the company's stock, valued at approximately $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 corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Charter Communications in a research report on Thursday, August 21st. They set an "equal weight" rating and a $300.00 price target for the company. Sanford C. Bernstein cut their price target on shares of Charter Communications from $380.00 to $350.00 and set an "outperform" rating for the company in a research report on Wednesday, September 10th. Bank of America cut their price target on shares of Charter Communications from $440.00 to $355.00 and set a "buy" rating for the company in a research report on Wednesday, September 24th. Weiss Ratings restated a "hold (c-)" rating on shares of Charter Communications in a research report on Saturday, September 27th. Finally, Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 20th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and a consensus target price of $385.76.

Charter Communications Price Performance

CHTR stock opened at $280.01 on Friday. Charter Communications, Inc. has a 1 year low of $251.80 and a 1 year high of $437.06. The company has a market cap of $38.25 billion, a P/E ratio of 7.67, a PEG ratio of 0.60 and a beta of 1.05. The firm has a 50-day moving average of $267.30 and a 200 day moving average of $342.71. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results 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 return on equity of 26.77% and a net margin of 9.53%.The company had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the previous year, the company earned $8.49 earnings per share. Charter Communications's quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.

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