Clarius Group LLC Invests $331,000 in Charter Communications Inc (NASDAQ:CHTR)
Clarius Group LLC purchased a new stake in shares of Charter Communications Inc (NASDAQ:CHTR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 956 shares of the company’s stock, valued at approximately $331,000.
Other institutional investors have also recently made changes to their positions in the company. Whitener Capital Management Inc. bought a new position in shares of Charter Communications in the 4th quarter valued at approximately $29,000. Hanson McClain Inc. raised its stake in shares of Charter Communications by 157.8% in the 4th quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares in the last quarter. Rational Advisors LLC raised its stake in shares of Charter Communications by 230.3% in the 1st quarter. Rational Advisors LLC now owns 109 shares of the company’s stock valued at $38,000 after acquiring an additional 76 shares in the last quarter. TCG Advisors LP bought a new position in shares of Charter Communications in the 1st quarter valued at approximately $42,000. Finally, Sontag Advisory LLC bought a new position in shares of Charter Communications in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 71.92% of the company’s stock.
CHTR opened at $391.64 on Wednesday. The company has a market cap of $88.03 billion, a PE ratio of 75.03, a PEG ratio of 1.27 and a beta of 1.29. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. Charter Communications Inc has a 1 year low of $271.56 and a 1 year high of $397.68.
Several research analysts have commented on the company. Citigroup lifted their price target on Charter Communications from $390.00 to $427.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. UBS Group lifted their price target on Charter Communications from $383.00 to $421.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 price target on the stock in a research report on Tuesday, February 26th. Finally, ValuEngine raised Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Charter Communications presently has an average rating of “Buy” and a consensus target price of $370.27.
In other news, Director Craig A. Jacobson sold 1,325 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $375.18, for a total transaction of $497,113.50. Following the sale, the director now directly owns 12,773 shares in the company, valued at $4,792,174.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.84% of the company’s stock.
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Charter Communications Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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