Lind Value II ApS Takes $60.65 Million Position in Charter Communications, Inc. $CHTR

Lind Value II ApS bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 220,445 shares of the company’s stock, valued at approximately $60,646,000. Charter Communications comprises 22.9% of Lind Value II ApS’s portfolio, making the stock its biggest holding. Lind Value II ApS owned approximately 0.16% of Charter Communications as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its stake in shares of Charter Communications by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company’s stock valued at $1,153,000 after acquiring an additional 25 shares during the last quarter. Cooper Financial Group grew its stake in shares of Charter Communications by 2.3% during the 2nd quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock valued at $515,000 after buying an additional 28 shares during the period. Diversified Trust Co increased its holdings in shares of Charter Communications by 3.5% during the 2nd quarter. Diversified Trust Co now owns 880 shares of the company’s stock worth $360,000 after buying an additional 30 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Charter Communications by 8.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 410 shares of the company’s stock worth $151,000 after buying an additional 33 shares during the period. Finally, Perigon Wealth Management LLC boosted its holdings in Charter Communications by 0.8% in the second quarter. Perigon Wealth Management LLC now owns 3,924 shares of the company’s stock valued at $1,604,000 after acquiring an additional 33 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $205.28 on Wednesday. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37. Charter Communications, Inc. has a 1 year low of $193.00 and a 1 year high of $437.06. The firm’s 50-day simple moving average is $216.90 and its 200-day simple moving average is $280.63. The firm has a market cap of $26.57 billion, a PE ratio of 5.70, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The firm had revenue of $13.67 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the prior year, the firm earned $8.82 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Insider Transactions at Charter Communications

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the transaction, the director owned 10,146 shares of the company’s stock, valued at $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.83% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on CHTR shares. BNP Paribas Exane dropped their price target on Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a research note on Tuesday, November 4th. Sanford C. Bernstein reissued a “market perform” rating and issued a $280.00 price objective (down from $350.00) on shares of Charter Communications in a research report on Monday, November 3rd. Oppenheimer lowered Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Barclays decreased their target price on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research note on Monday, November 3rd. Finally, Benchmark cut their price objective on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, Charter Communications currently has an average rating of “Reduce” and an average price target of $321.13.

Charter Communications 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.