Point72 Europe London LLP Makes New $5.13 Million Investment in Charter Communications, Inc. $CHTR

Key Points

• Point72 Europe London LLP has acquired a new stake in Charter Communications, purchasing 13,923 shares valued at approximately $5.13 million in the first quarter.
• Charter Communications has seen mixed ratings from analysts: while some have upgraded the stock to an "outperform" rating, others have cut their price targets significantly, reflecting diverse market perspectives.
• Insider trading activity includes CEO Christopher L. Winfrey purchasing 3,670 shares, indicating confidence in the company's future, as his total ownership increased by 5.51%.

Point72 Europe London LLP bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,923 shares of the company's stock, valued at approximately $5,131,000.

A number of other large investors also recently bought and sold shares of CHTR. SouthState Corp acquired a new stake in shares of Charter Communications during the first quarter worth about $25,000. ST Germain D J Co. Inc. increased its stake in shares of Charter Communications by 1,283.3% during the first 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 during the period. SBI Securities Co. Ltd. increased its stake in shares of Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock worth $31,000 after buying an additional 41 shares during the period. Strengthening Families & Communities LLC purchased a new stake in shares of Charter Communications during the first quarter worth approximately $33,000. Finally, Larson Financial Group LLC increased its stake in shares of Charter Communications by 70.2% during the first quarter. Larson Financial Group LLC now owns 97 shares of the company's stock worth $36,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Trading Down 1.2%

CHTR traded down $3.20 during midday trading on Wednesday, hitting $261.22. The company's stock had a trading volume of 2,085,008 shares, compared to its average volume of 1,785,423. 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 firm has a market cap of $35.68 billion, a P/E ratio of 7.15, a PEG ratio of 0.60 and a beta of 1.02. The firm has a 50-day moving average price of $326.36 and a two-hundred day moving average price of $357.88. Charter Communications, Inc. has a 52-week low of $254.67 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data 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 net margin of 9.53% and a return on equity of 26.77%. The firm had revenue of $13.77 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same period in the prior year, the firm earned $8.49 earnings per share. The business's revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Christopher L. Winfrey bought 3,670 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The stock was acquired 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 directly owned 70,243 shares in the company, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Balan Nair purchased 360 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $274.21 per share, for a total transaction of $98,715.60. Following 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 ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHTR. Wells Fargo & Company began coverage on shares of Charter Communications in a research note on Thursday, August 21st. They set an "equal weight" rating and a $300.00 target price on the stock. Sanford C. Bernstein upgraded 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 note on Monday, July 28th. Arete Research upgraded shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Finally, The Goldman Sachs Group assumed coverage on shares of Charter Communications in a research note on Tuesday. They issued a "sell" rating and a $223.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $394.61.

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.