Rep. Robert Bresnahan, Jr. Buys Charter Communications, Inc. (NASDAQ:CHTR) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Charter Communications, Inc. NASDAQ: CHTR. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Charter Communications stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

Charter Communications Stock Performance

NASDAQ CHTR traded up $3.82 during trading on Tuesday, reaching $406.34. 387,211 shares of the company's stock were exchanged, compared to its average volume of 1,240,512. Charter Communications, Inc. has a fifty-two week low of $266.06 and a fifty-two week high of $415.27. The stock has a market capitalization of $57.04 billion, a P/E ratio of 11.62, a PEG ratio of 0.44 and a beta of 1.11. The business has a 50 day moving average price of $361.94 and a 200-day moving average price of $363.84. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same period in the previous year, the firm posted $7.55 earnings per share. The firm's revenue was up .4% compared to the same quarter last year. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CHTR. Royal Bank of Canada raised their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Monday, April 28th. StockNews.com upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company upped their target price on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Loop Capital lifted their price target on Charter Communications from $385.00 to $430.00 and gave the stock a "hold" rating in a report on Monday, April 28th. Finally, Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $399.35.

Institutional Trading of Charter Communications

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Charter Communications by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company's stock valued at $3,018,909,000 after purchasing an additional 120,303 shares in the last quarter. Norges Bank bought a new stake in shares of Charter Communications during the 4th quarter worth $1,032,236,000. Geode Capital Management LLC boosted its stake in Charter Communications by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock valued at $847,087,000 after buying an additional 45,045 shares in the last quarter. JPMorgan Chase & Co. grew its position in Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock valued at $851,331,000 after acquiring an additional 806,145 shares during the last quarter. Finally, Invesco Ltd. grew its position in Charter Communications by 7.0% in the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company's stock valued at $676,181,000 after acquiring an additional 120,624 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Charter Communications Company 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.