Enlightenment Research LLC Buys Shares of 1,099 Charter Communications Inc (CHTR)

Enlightenment Research LLC bought a new stake in shares of Charter Communications Inc (NASDAQ:CHTR) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,099 shares of the company’s stock, valued at approximately $313,000.

A number of other large investors have also bought and sold shares of the business. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Charter Communications by 5.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 14,446 shares of the company’s stock worth $4,117,000 after buying an additional 755 shares in the last quarter. Whitener Capital Management Inc. purchased a new stake in shares of Charter Communications during the fourth quarter worth about $29,000. WINTON GROUP Ltd purchased a new stake in shares of Charter Communications during the fourth quarter worth about $20,075,000. Allen Operations LLC purchased a new stake in shares of Charter Communications during the fourth quarter worth about $880,000. Finally, Parallel Advisors LLC grew its holdings in shares of Charter Communications by 17.3% during the fourth quarter. Parallel Advisors LLC now owns 386 shares of the company’s stock worth $109,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 74.25% of the company’s stock.

In other news, insider John Bickham sold 14,017 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $340.86, for a total transaction of $4,777,834.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Kevin D. Howard sold 14,197 shares of the business’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $343.18, for a total transaction of $4,872,126.46. Following the transaction, the chief accounting officer now directly owns 3,059 shares in the company, valued at $1,049,787.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,214 shares of company stock worth $18,490,531. Corporate insiders own 0.83% of the company’s stock.

Shares of CHTR stock opened at $338.49 on Thursday. The company has a market cap of $76.88 billion, a price-to-earnings ratio of 64.84, a price-to-earnings-growth ratio of 1.26 and a beta of 1.32. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.23 and a current ratio of 0.23. Charter Communications Inc has a fifty-two week low of $250.10 and a fifty-two week high of $370.09.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, January 31st. The company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.15 billion. Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. As a group, equities research analysts anticipate that Charter Communications Inc will post 7.19 earnings per share for the current fiscal year.

CHTR has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of Charter Communications from $390.00 to $370.00 and set a “buy” rating for the company in a report on Monday, October 29th. Zacks Investment Research upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and set a $338.00 target price for the company in a report on Tuesday, January 8th. TD Securities initiated coverage on shares of Charter Communications in a report on Wednesday, January 16th. They issued a “buy” rating and a $385.00 target price for the company. Credit Suisse Group restated a “neutral” rating and issued a $345.00 target price (up from $294.00) on shares of Charter Communications in a report on Friday, February 1st. Finally, Raymond James lowered their target price on shares of Charter Communications from $400.00 to $365.00 and set a “strong-buy” rating for the company in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $361.21.

WARNING: “Enlightenment Research LLC Buys Shares of 1,099 Charter Communications Inc (CHTR)” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.chaffeybreeze.com/2019/02/14/enlightenment-research-llc-buys-shares-of-1099-charter-communications-inc-chtr.html.

Charter Communications Company 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, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

Featured Article: What kind of dividend yield to CEF’s pay?

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications Inc (NASDAQ:CHTR).

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply