Lind Value II ApS Purchases 397,928 Shares of Charter Communications, Inc. $CHTR

Key Points

• Lind Value II ApS increased its Charter Communications stake by 180.5% in the fourth quarter, buying 397,928 more shares and bringing its total holding to 618,373 shares worth about $129.1 million.
• Several insiders bought shares recently, including Director Mauricio Ramos and Director Balan Nair, with insiders purchasing a total of 20,125 shares worth $3.17 million over the last quarter.
• Charter’s latest results were mixed: it missed EPS estimates for the quarter but slightly beat revenue expectations, while analysts remain cautious overall with a consensus rating of “Reduce.”

Lind Value II ApS lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 180.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 618,373 shares of the company's stock after acquiring an additional 397,928 shares during the period. Charter Communications accounts for about 41.7% of Lind Value II ApS's investment portfolio, making the stock its largest position. Lind Value II ApS owned approximately 0.49% of Charter Communications worth $129,085,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CHTR. Geneos Wealth Management Inc. raised its stake in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock valued at $35,000 after acquiring an additional 55 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Charter Communications in the 3rd quarter valued at approximately $38,000. Caitlin John LLC bought a new position in shares of Charter Communications in the 3rd quarter valued at approximately $41,000. Rakuten Securities Inc. raised its stake in shares of Charter Communications by 535.0% in the 2nd quarter. Rakuten Securities Inc. now owns 127 shares of the company's stock valued at $52,000 after acquiring an additional 107 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Charter Communications by 29.3% in the 4th quarter. Global Retirement Partners LLC now owns 357 shares of the company's stock valued at $75,000 after acquiring an additional 81 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Insider Transactions at Charter Communications

In other news, Director Mauricio Ramos acquired 9,929 shares of the firm's stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the acquisition, the director owned 19,309 shares of the company's stock, valued at $2,721,217.37. This trade represents a 105.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Balan Nair acquired 1,000 shares of the firm's stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the acquisition, the director directly owned 12,029 shares in the company, valued at $2,110,608.34. This represents a 9.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 20,125 shares of company stock worth $3,167,116 over the last quarter. 1.10% of the stock is owned by company insiders.

Charter Communications Stock Performance

CHTR opened at $145.15 on Friday. The firm has a market capitalization of $17.85 billion, a P/E ratio of 3.92, a price-to-earnings-growth ratio of 0.25 and a beta of 0.76. The stock's 50 day moving average price is $196.70 and its two-hundred day moving average price is $206.55. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. Charter Communications, Inc. has a 12-month low of $136.63 and a 12-month high of $422.29.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same period last year, the business earned $8.42 EPS. The business's quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities analysts forecast that Charter Communications, Inc. will post 43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CHTR shares. Citigroup cut their price objective on Charter Communications from $290.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 27th. Wells Fargo & Company raised their price objective on Charter Communications from $180.00 to $200.00 and gave the company an "underweight" rating in a research note on Monday, February 2nd. The Goldman Sachs Group lowered their target price on Charter Communications from $210.00 to $185.00 and set a "sell" rating on the stock in a report on Monday, February 2nd. BNP Paribas Exane lowered their target price on Charter Communications from $160.00 to $150.00 and set an "underperform" rating on the stock in a report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Charter Communications from $235.00 to $215.00 and set a "hold" rating on the stock in a report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $290.38.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter's service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company's consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

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