Jackson Wealth Management LLC Purchases New Position in Charter Communications, Inc. $CHTR

Jackson Wealth Management LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,278 shares of the company’s stock, valued at approximately $522,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caledonia Investments PLC increased its position in shares of Charter Communications by 8.3% during the second quarter. Caledonia Investments PLC now owns 153,200 shares of the company’s stock valued at $62,628,000 after acquiring an additional 11,800 shares in the last quarter. WBI Investments LLC bought a new stake in shares of Charter Communications during the first quarter valued at approximately $733,000. Private Trust Co. NA boosted its holdings in Charter Communications by 69.5% in the first quarter. Private Trust Co. NA now owns 161 shares of the company’s stock worth $59,000 after purchasing an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Charter Communications by 21.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company’s stock worth $1,435,000 after purchasing an additional 676 shares during the last quarter. Finally, Range Financial Group LLC purchased a new stake in Charter Communications in the second quarter worth approximately $466,000. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

CHTR has been the topic of several research reports. Wells Fargo & Company initiated coverage on shares of Charter Communications in a report on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 target price on the stock. Royal Bank Of Canada dropped their target price on shares of Charter Communications from $430.00 to $370.00 and set a “sector perform” rating on the stock in a report on Monday, July 28th. UBS Group dropped their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Bank of America dropped their target price on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Charter Communications in a report on Saturday, September 27th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $385.76.

Insiders Place Their Bets

In other news, Director Balan Nair bought 360 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the purchase, the director owned 9,622 shares in the company, valued at $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christopher L. Winfrey bought 3,670 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the purchase, the chief executive officer owned 70,243 shares in the company, valued at $19,183,363.30. This represents a 5.51% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by insiders.

Charter Communications Trading Up 3.9%

Shares of CHTR stock opened at $280.01 on Friday. Charter Communications, Inc. has a 1 year low of $251.80 and a 1 year high of $437.06. The firm has a fifty day moving average price of $267.30 and a 200-day moving average price of $342.71. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $38.25 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.60 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm had revenue of $13.77 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter last year, the firm posted $8.49 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.