AXS Investments LLC Buys 39 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

AXS Investments LLC grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 34.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153 shares of the company’s stock after acquiring an additional 39 shares during the quarter. AXS Investments LLC’s holdings in Charter Communications were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Pzena Investment Management LLC grew its position in Charter Communications by 104.9% during the 2nd quarter. Pzena Investment Management LLC now owns 1,205,824 shares of the company’s stock valued at $442,984,000 after purchasing an additional 617,287 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Charter Communications by 462.8% during the first quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock valued at $295,345,000 after acquiring an additional 445,200 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Charter Communications by 507.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 477,631 shares of the company’s stock worth $260,557,000 after acquiring an additional 398,954 shares during the last quarter. Norges Bank bought a new position in Charter Communications in the 4th quarter valued at approximately $132,163,000. Finally, Veritas Asset Management LLP boosted its stake in Charter Communications by 14.2% during the 1st quarter. Veritas Asset Management LLP now owns 2,854,540 shares of the company’s stock valued at $1,020,812,000 after purchasing an additional 354,807 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $407.70 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 6.50. Charter Communications, Inc. has a 52 week low of $302.21 and a 52 week high of $458.30. The stock’s 50-day simple moving average is $429.58 and its 200-day simple moving average is $394.57. The company has a market capitalization of $60.31 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.65 and a beta of 1.14.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 27th. The company reported $8.25 EPS for the quarter, topping the consensus estimate of $7.73 by $0.52. The business had revenue of $13.58 billion for the quarter, compared to analysts’ expectations of $13.64 billion. Charter Communications had a net margin of 8.60% and a return on equity of 34.63%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.38 EPS. As a group, analysts expect that Charter Communications, Inc. will post 31.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Thomas Rutledge sold 87,903 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $414.37, for a total transaction of $36,424,366.11. Following the sale, the chairman now directly owns 132,798 shares of the company’s stock, valued at approximately $55,027,507.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays upped their price target on Charter Communications from $273.00 to $325.00 and gave the company an “underweight” rating in a report on Monday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Charter Communications from $450.00 to $500.00 in a report on Friday, July 28th. Loop Capital raised their target price on shares of Charter Communications from $390.00 to $405.00 and gave the stock a “hold” rating in a report on Monday, July 31st. Citigroup decreased their target price on shares of Charter Communications from $480.00 to $425.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Finally, Bank of America raised their price target on Charter Communications from $425.00 to $450.00 and gave the stock a “neutral” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Moderate Buy” and a consensus target price of $501.52.

Charter Communications Company 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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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.