Charter Communications, Inc. $CHTR Shares Purchased by California First Leasing Corp

by · The Markets Daily

California First Leasing Corp raised its position in Charter Communications, Inc. (NASDAQ:CHTR – Free Report) by 100.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,772 shares of the company’s stock after buying an additional 12,390 shares during the period. Charter Communications comprises about 1.7% of California First Leasing Corp’s portfolio, making the stock its 21st largest holding. California First Leasing Corp’s holdings in Charter Communications were worth $5,348,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. raised its stake in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Quarry LP boosted its stake in Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Charter Communications during the fourth quarter worth $25,000. DV Equities LLC purchased a new stake in shares of Charter Communications during the fourth quarter worth $25,000. Finally, Rakuten Securities Inc. raised its position in shares of Charter Communications by 535.0% in the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock valued at $52,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Mauricio Ramos purchased 9,929 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the purchase, the director directly owned 19,309 shares in the company, valued at approximately $2,721,217.37. This represents a 105.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Balan Nair purchased 1,000 shares of Charter Communications stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the transaction, the director owned 12,029 shares in the company, valued at approximately $2,110,608.34. This trade represents a 9.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 20,125 shares of company stock worth $3,167,116 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Charter Communications Price Performance

NASDAQ CHTR opened at $137.20 on Monday. The business’s fifty day simple moving average is $145.77 and its 200-day simple moving average is $191.99. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. The firm has a market cap of $16.87 billion, a PE ratio of 3.71, a P/E/G ratio of 0.24 and a beta of 0.71. Charter Communications, Inc. has a 52 week low of $124.05 and a 52 week high of $422.29.

Charter Communications (NASDAQ:CHTR – Get Free Report) last announced its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. During the same period in the prior year, the company posted $8.42 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Charter Communications, Inc. will post 42.28 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. New Street Research decreased their price target on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Benchmark dropped their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Bank of America cut their price objective on shares of Charter Communications from $250.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Royal Bank Of Canada lowered their target price on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. Finally, Citigroup dropped their price target on Charter Communications from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and an average target price of $262.56.

Get Our Latest Stock Report on CHTR

Charter Communications Profile

(Free Report)

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

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