Christopher L. Winfrey Buys 3,670 Shares of Charter Communications, Inc. (NASDAQ:CHTR) Stock

Key Points

• Charter Communications CEO Christopher L. Winfrey purchased 3,670 shares at an average price of $273.10, totaling over $1 million, increasing his ownership to 70,243 shares valued at approximately $19 million.
• Despite the recent insider buying, Charter's shares fell by 3.8% to $269.36, while trading volume exceeded its average, indicating potential market volatility.
• Analysts have mixed views on Charter, with target prices ranging from $275 to $510, highlighting investment uncertainty in the firm's prospects.

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) CEO Christopher L. Winfrey bought 3,670 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was bought 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. This represents a 5.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Charter Communications Stock Down 0.3%

Shares of CHTR stock traded down $0.67 during midday trading on Monday, reaching $264.03. 741,632 shares of the stock were exchanged, compared to its average volume of 1,436,625. Charter Communications, Inc. has a 1 year low of $261.71 and a 1 year high of $437.06. The company's 50 day moving average is $382.50 and its two-hundred day moving average is $371.32. 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 $36.06 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted 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). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%. The firm had revenue of $13.77 billion for the quarter, compared to analysts' expectations of $13.76 billion. During the same quarter last year, the company posted $8.49 EPS. The firm's revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Institutional Trading of Charter Communications

Several hedge funds and other institutional investors have recently made changes to their positions in CHTR. American Century Companies Inc. boosted its stake in Charter Communications by 10.2% during the 4th quarter. American Century Companies Inc. now owns 13,919 shares of the company's stock valued at $4,771,000 after purchasing an additional 1,286 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares during the last quarter. Schroder Investment Management Group boosted its stake in Charter Communications by 99.1% during the 4th quarter. Schroder Investment Management Group now owns 93,771 shares of the company's stock valued at $32,180,000 after purchasing an additional 46,671 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Charter Communications by 175.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,475 shares of the company's stock valued at $1,913,000 after purchasing an additional 3,486 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Charter Communications by 11.8% during the 4th quarter. Clearbridge Investments LLC now owns 8,301 shares of the company's stock valued at $2,845,000 after purchasing an additional 873 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Arete Research upgraded Charter Communications to a "strong sell" rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their price target on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target on the stock in a report on Friday, May 16th. Finally, Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $410.59.

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.