Marathon Trading Investment Management LLC Invests $1.40 Million in Charter Communications, Inc. $CHTR

Marathon Trading Investment Management LLC purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,714 shares of the company’s stock, valued at approximately $1,402,000.

Several other institutional investors have also added to or reduced their stakes in the business. Advisory Services Network LLC lifted its holdings in Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after buying an additional 38 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after buying an additional 41 shares during the period. Occudo Quantitative Strategies LP increased its stake in shares of Charter Communications by 1.4% during the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after buying an additional 41 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Charter Communications by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after acquiring an additional 49 shares in the last quarter. Finally, CI Investments Inc. raised its holdings in shares of Charter Communications by 10.6% during the third quarter. CI Investments Inc. now owns 573 shares of the company’s stock valued at $158,000 after acquiring an additional 55 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charter Communications

In other Charter Communications news, Director Wade Davis acquired 5,728 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were acquired at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the acquisition, the director owned 6,925 shares in the company, valued at $1,203,011. This trade represents a 478.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Rutledge sold 69,633 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the transaction, the director directly owned 3,968 shares of the company’s stock, valued at $573,177.60. This represents a 94.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought a total of 20,125 shares of company stock worth $3,167,116 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Charter Communications Price Performance

Shares of CHTR stock opened at $145.82 on Monday. The business’s fifty day moving average is $173.50 and its 200 day moving average is $199.21. 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 stock has a market cap of $17.93 billion, a price-to-earnings ratio of 3.94, a PEG ratio of 0.25 and a beta of 0.72. Charter Communications, Inc. has a twelve month low of $126.70 and a twelve month high of $422.29.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). The firm had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $8.42 EPS. Research analysts expect that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. New Street Research cut their price target on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. JPMorgan Chase & Co. assumed coverage on shares of Charter Communications in a research note on Wednesday, April 29th. They set a “neutral” rating and a $215.00 target price on the stock. Sanford C. Bernstein reiterated a “market perform” rating and set a $210.00 price target on shares of Charter Communications in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada decreased their price target on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, Charter Communications has a consensus rating of “Reduce” and an average price target of $290.38.

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.