9,201 Shares in Charter Communications, Inc. $CHTR Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC acquired 9,201 shares of Charter Communications, Inc. for approximately $3,391,000, as disclosed in a recent 13F filing.
• CEO Christopher L. Winfrey purchased 3,670 shares for $1,002,277, increasing his ownership stake by 5.51%.
• Oppenheimer upgraded Charter Communications from "market perform" to "outperform" with a price target of $500.00 in a recent analyst report.

PDT Partners LLC bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,201 shares of the company's stock, valued at approximately $3,391,000.

Other institutional investors have also recently bought and sold shares of the company. Makaira Partners LLC grew its holdings in Charter Communications by 4.0% in the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock valued at $127,919,000 after purchasing an additional 14,510 shares during the period. Private Trust Co. NA grew its holdings in Charter Communications by 69.5% in the first quarter. Private Trust Co. NA now owns 161 shares of the company's stock valued at $59,000 after purchasing an additional 66 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Charter Communications by 21.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock valued at $1,435,000 after purchasing an additional 676 shares during the period. Vontobel Holding Ltd. lifted its position in Charter Communications by 25.2% during the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company's stock valued at $608,000 after buying an additional 332 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Charter Communications by 20.3% during the first quarter. Envestnet Asset Management Inc. now owns 33,471 shares of the company's stock valued at $12,335,000 after buying an additional 5,642 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Up 0.8%

CHTR traded up $1.99 during trading on Friday, hitting $261.50. The company had a trading volume of 2,245,925 shares, compared to its average volume of 1,724,361. The company has a market cap of $35.72 billion, a PE ratio of 7.16, a P/E/G ratio of 0.58 and a beta of 1.02. The business has a 50-day moving average of $318.13 and a 200-day moving average of $355.83. 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, Inc. has a 1-year low of $254.67 and a 1-year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). The business had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company posted $8.49 earnings per share. As a group, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insiders Place Their Bets

In other Charter Communications news, CEO Christopher L. Winfrey bought 3,670 shares of the company's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the acquisition, the chief executive officer owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Balan Nair bought 360 shares of the company's stock in a transaction on 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 acquisition, the director directly owned 9,622 shares of the company's stock, valued at $2,638,448.62. This trade represents a 3.89% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Oppenheimer raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target on the stock in a research report on Friday, May 16th. UBS Group reduced their price target on shares of Charter Communications from $425.00 to $355.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Royal Bank Of Canada reduced their price target on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating on the stock in a research report on Monday, July 28th. Arete Research raised shares of Charter Communications to a "strong sell" rating in a research report on Tuesday, July 8th. Finally, Sanford C. Bernstein raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 price target on the stock in a research report on Monday, July 28th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and a consensus target price of $394.61.

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.