Lind Value II ApS Buys 397,928 Shares of Charter Communications, Inc. $CHTR

Lind Value II ApS boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 180.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618,373 shares of the company’s stock after buying an additional 397,928 shares during the quarter. Charter Communications makes up about 41.7% of Lind Value II ApS’s investment portfolio, making the stock its largest position. Lind Value II ApS’s holdings in Charter Communications were worth $129,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Charter Communications in the 3rd quarter valued at $38,000. Caitlin John LLC acquired a new stake in Charter Communications in the 3rd quarter valued at $41,000. Rakuten Securities Inc. boosted its stake in Charter Communications by 535.0% in the 2nd quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock valued at $52,000 after buying an additional 107 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Charter Communications by 29.3% in the 4th quarter. Global Retirement Partners LLC now owns 357 shares of the company’s stock valued at $75,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on CHTR shares. JPMorgan Chase & Co. started coverage on Charter Communications in a research note on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price target on the stock. Wells Fargo & Company boosted their price target on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research note on Monday, February 2nd. BNP Paribas Exane decreased their price target on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 24th. Williams Trading set a $437.00 price target on Charter Communications in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. Five equities 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $290.38.

Insider Transactions at Charter Communications

In other news, Director Wade Davis bought 5,728 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was bought at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the transaction, the director directly owned 6,925 shares in the company, valued at $1,203,011. The trade was a 478.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mauricio Ramos bought 9,929 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the transaction, the director owned 19,309 shares of the company’s stock, valued at $2,721,217.37. The trade was a 105.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 20,125 shares of company stock worth $3,167,116. Insiders own 1.10% of the company’s stock.

Charter Communications Price Performance

Charter Communications stock opened at $145.15 on Friday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $17.85 billion, a P/E ratio of 3.92, a P/E/G ratio of 0.25 and a beta of 0.76. The business’s fifty day moving average is $196.70 and its two-hundred day moving average is $206.55. Charter Communications, Inc. has a 52 week low of $136.63 and a 52 week high of $422.29.

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

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.