Mauricio Ramos Purchases 9,929 Shares of Charter Communications (NASDAQ:CHTR) Stock

Charter Communications, Inc. (NASDAQ:CHTR) Director Mauricio Ramos purchased 9,929 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the acquisition, the director owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. The trade was a 105.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Charter Communications Stock Performance

NASDAQ CHTR opened at $142.49 on Wednesday. Charter Communications, Inc. has a fifty-two week low of $136.63 and a fifty-two week high of $427.39. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 3.85, a price-to-earnings-growth ratio of 0.24 and a beta of 0.76. The business has a fifty day moving average of $201.26 and a 200-day moving average of $208.19. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same period last year, the firm earned $8.42 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. As a group, analysts predict that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in CHTR. Cassaday & Co Wealth Management LLC acquired a new position in Charter Communications in the first quarter valued at $25,000. Quarry LP increased its stake in Charter Communications by 153.2% in the fourth quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Charter Communications in the fourth quarter valued at $25,000. DV Equities LLC purchased a new position in shares of Charter Communications in the 4th quarter worth about $25,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CHTR shares. Royal Bank Of Canada cut their price target on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. The Goldman Sachs Group cut their price target on Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a report on Monday, February 2nd. UBS Group set a $425.00 price target on Charter Communications in a report on Thursday, January 29th. Finally, New Street Research dropped their target price on Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $292.00.

About Charter Communications

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.