107,616 Shares in Charter Communications, Inc. $CHTR Bought by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC has acquired 107,616 shares of Charter Communications, valued at approximately $43.99 million, representing about 0.08% of the company.
• Insider trading activity includes CEO Christopher L. Winfrey purchasing 3,670 shares for over $1 million, increasing his ownership stake by 5.51%.
• Analysts' price targets for Charter Communications have varied widely, with Bank of America increasing its target to $500 and Goldman Sachs setting a target of $223 with a "sell" rating.

Kingstone Capital Partners Texas LLC acquired a new position 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 & Exchange Commission. The firm acquired 107,616 shares of the company's stock, valued at approximately $43,994,000. Kingstone Capital Partners Texas LLC owned approximately 0.08% of Charter Communications at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. SouthState Corp acquired a new position in Charter Communications in the 1st quarter valued at $25,000. Salem Investment Counselors Inc. boosted its position in shares of Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company's stock worth $26,000 after buying an additional 61 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in shares of Charter Communications by 1,283.3% in the 1st 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 in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock worth $31,000 after buying an additional 41 shares in the last quarter. Finally, Strengthening Families & Communities LLC purchased a new stake in shares of Charter Communications in the 1st quarter worth about $33,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on CHTR shares. Barclays reduced their target price on shares of Charter Communications from $341.00 to $275.00 and set an "underweight" rating on the stock in a report on Monday, July 28th. Bank of America upped their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Arete Research raised shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 20th. Finally, 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 target price for the company. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $392.94.

Charter Communications Stock Up 0.1%

NASDAQ CHTR traded up $0.38 during trading on Friday, reaching $262.55. 3,206,409 shares of the company's stock were exchanged, compared to its average volume of 1,756,991. Charter Communications, Inc. has a fifty-two week low of $251.80 and a fifty-two week high of $437.06. The firm has a market capitalization of $35.86 billion, a PE ratio of 7.19, a P/E/G ratio of 0.59 and a beta of 1.02. 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's fifty day simple moving average is $288.99 and its 200-day simple moving average is $348.77.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). The firm had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.49 earnings per share. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Activity at Charter Communications

In other news, Director Balan Nair acquired 360 shares of the stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the transaction, the director owned 9,622 shares in the company, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher L. Winfrey bought 3,670 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders own 0.83% of the company's stock.

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.