Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Lindbrook Capital LLC

Posted by Defense World Staff on Apr 7th, 2023

Lindbrook Capital LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 39.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 256 shares of the company’s stock after purchasing an additional 72 shares during the period. Lindbrook Capital LLC’s holdings in Charter Communications were worth $87,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. CI Investments Inc. lifted its holdings in Charter Communications by 1,244.7% in the third quarter. CI Investments Inc. now owns 1,533 shares of the company’s stock worth $465,000 after acquiring an additional 1,419 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Charter Communications by 31.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,866 shares of the company’s stock valued at $566,000 after purchasing an additional 442 shares during the period. Vontobel Holding Ltd. bought a new position in Charter Communications during the 3rd quarter worth $524,000. Aviva PLC increased its position in Charter Communications by 16.7% in the third quarter. Aviva PLC now owns 32,814 shares of the company’s stock worth $9,954,000 after buying an additional 4,697 shares during the period. Finally, Xponance Inc. lifted its stake in Charter Communications by 5.1% in the third quarter. Xponance Inc. now owns 21,810 shares of the company’s stock valued at $6,616,000 after buying an additional 1,050 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors.

Insider Activity at Charter Communications

In other news, Director Steven A. Miron bought 2,500 shares of the business’s stock in a transaction on Tuesday, January 31st. The shares were bought at an average cost of $384.35 per share, with a total value of $960,875.00. Following the purchase, the director now directly owns 9,173 shares in the company, valued at $3,525,642.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Charter Communications news, Director Steven A. Miron acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, January 31st. The stock was purchased at an average cost of $384.35 per share, for a total transaction of $960,875.00. Following the transaction, the director now owns 9,173 shares of the company’s stock, valued at approximately $3,525,642.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Thomas Rutledge sold 30,000 shares of Charter Communications stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $383.64, for a total value of $11,509,200.00. Following the transaction, the chairman now directly owns 17,493 shares in the company, valued at approximately $6,711,014.52. The disclosure for this sale can be found here. 2.32% of the stock is owned by insiders.

Charter Communications Trading Down 0.8 %

Shares of NASDAQ CHTR opened at $350.27 on Friday. The business has a fifty day simple moving average of $369.81 and a 200-day simple moving average of $360.04. The company has a market cap of $53.47 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.45 and a beta of 1.10. Charter Communications, Inc. has a 12 month low of $297.66 and a 12 month high of $572.08. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.66.

Charter Communications (NASDAQ:CHTR – Get Rating) last posted its quarterly earnings data on Friday, January 27th. The company reported $7.69 EPS for the quarter, missing analysts’ consensus estimates of $8.03 by ($0.34). The firm had revenue of $13.67 billion for the quarter, compared to analysts’ expectations of $13.73 billion. Charter Communications had a net margin of 9.36% and a return on equity of 37.20%. Charter Communications’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $8.93 earnings per share. Sell-side analysts predict that Charter Communications, Inc. will post 32.16 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on CHTR shares. Citigroup increased their price objective on shares of Charter Communications from $400.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, January 31st. Credit Suisse Group lifted their price target on Charter Communications from $541.00 to $606.00 and gave the company an “outperform” rating in a report on Monday, January 30th. TD Securities decreased their price objective on Charter Communications from $610.00 to $585.00 and set a “buy” rating for the company in a report on Monday, January 30th. Morgan Stanley lifted their target price on Charter Communications from $420.00 to $460.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 31st. Finally, UBS Group decreased their price target on Charter Communications to $406.00 in a research note on Wednesday, December 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $487.77.

About Charter Communications

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.