S Bank Fund Management Ltd Buys New Shares in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• S Bank Fund Management Ltd invested approximately $407,000 in Charter Communications by acquiring 1,104 shares during the first quarter.
• CEO Christopher L. Winfrey and Director Balan Nair both increased their stock holdings in Charter Communications, with Winfrey acquiring 3,670 shares and Nair acquiring 360 shares on July 31st.
• Wall Street analysts have mixed ratings for Charter, with three sell ratings, eight holds, and nine buy ratings, while the current average target price stands at $410.59.

S Bank Fund Management Ltd purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,104 shares of the company's stock, valued at approximately $407,000.

Several other institutional investors and hedge funds also recently modified their holdings of CHTR. SouthState Corp acquired a new stake in shares of Charter Communications in the first quarter valued at $25,000. ST Germain D J Co. Inc. lifted its stake in 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 acquiring an additional 77 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in 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 acquiring an additional 41 shares in the last quarter. Strengthening Families & Communities LLC purchased a new stake in Charter Communications in the 1st quarter worth about $33,000. Finally, Larson Financial Group LLC increased its position in Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock worth $36,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CHTR. Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a research report on Friday, May 16th. Wall Street Zen upgraded Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and raised their price objective for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Finally, Citigroup raised their target price on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications has an average rating of "Hold" and a consensus target price of $410.59.

Insider Activity

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

Charter Communications Trading Up 1.7%

Shares of NASDAQ CHTR traded up $4.60 during midday trading on Friday, hitting $267.80. The stock had a trading volume of 1,697,732 shares, compared to its average volume of 2,785,035. The company's 50-day simple moving average is $355.53 and its 200 day simple moving average is $364.59. The firm has a market cap of $36.58 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. Charter Communications, Inc. has a fifty-two week low of $254.67 and a fifty-two week high of $437.06. 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 announced its quarterly earnings data on Friday, July 25th. The company reported $9.18 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 for the quarter, compared to analyst estimates of $13.76 billion. During the same period last year, the firm earned $8.49 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis. Research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.