UniSuper Management Pty Ltd Purchases 3,145 Shares of Charter Communications, Inc. $CHTR

UniSuper Management Pty Ltd raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 36.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,708 shares of the company’s stock after purchasing an additional 3,145 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Charter Communications were worth $3,221,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Atlantic Union Bankshares Corp acquired a new stake in shares of Charter Communications in the 2nd quarter worth about $25,000. Ameritas Advisory Services LLC bought a new stake in Charter Communications during the 2nd quarter worth approximately $28,000. Webster Bank N. A. bought a new position in shares of Charter Communications in the third quarter valued at approximately $28,000. Heritage Wealth Advisors purchased a new position in shares of Charter Communications during the second quarter valued at approximately $29,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Charter Communications during the third quarter worth $30,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein cut their price objective on shares of Charter Communications from $280.00 to $240.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. BNP Paribas Exane cut their price target on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating on the stock in a report on Tuesday, November 4th. Citigroup decreased their price objective on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Benchmark cut their target price on Charter Communications from $475.00 to $425.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada decreased their price target on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $314.87.

Charter Communications Stock Performance

Shares of CHTR stock opened at $193.79 on Tuesday. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $25.08 billion, a price-to-earnings ratio of 5.38, a P/E/G ratio of 0.53 and a beta of 1.06. Charter Communications, Inc. has a 52 week low of $183.75 and a 52 week high of $437.06. The firm’s 50-day simple moving average is $202.65 and its two-hundred day simple moving average is $247.41.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The company had revenue of $13.67 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter in the previous year, the business earned $8.82 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Activity at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the transaction, the director owned 10,146 shares of the company’s stock, valued at $2,294,822.28. This represents a 10.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is owned by corporate insiders.

Charter Communications Company Profile

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.