Rare Wolf Capital LLC Takes $1.38 Million Position in Charter Communications, Inc. $CHTR

Rare Wolf Capital LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,585 shares of the company’s stock, valued at approximately $1,375,000. Charter Communications comprises about 0.9% of Rare Wolf Capital LLC’s investment portfolio, making the stock its 28th biggest position.

Other large investors have also bought and sold shares of the company. Quarry LP lifted its position in Charter Communications by 153.2% in the fourth quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Charter Communications during the fourth quarter valued at approximately $25,000. DV Equities LLC bought a new position in shares of Charter Communications in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its holdings in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of Charter Communications by 1,600.0% in the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock worth $39,000 after buying an additional 176 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $126.23 on Friday. The business has a 50 day moving average of $166.71 and a 200 day moving average of $197.41. Charter Communications, Inc. has a 52 week low of $126.00 and a 52 week high of $422.29. The company has a market cap of $15.53 billion, a PE ratio of 3.41, a P/E/G ratio of 0.23 and a beta of 0.71. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on CHTR. BNP Paribas Exane lowered their price target on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a report on Tuesday, February 24th. New Street Research cut their price target on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. Royal Bank Of Canada lowered their price objective on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. Finally, Freedom Capital upgraded shares of Charter Communications to a “hold” rating in a report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $290.38.

Insider Activity

In related news, Director Wade Davis purchased 5,728 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The shares were 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 of the company’s stock, valued at $1,203,011. This represents a 478.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mauricio Ramos purchased 9,929 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the purchase, the director owned 19,309 shares of the company’s stock, valued at $2,721,217.37. This represents a 105.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 20,125 shares of company stock worth $3,167,116. 1.10% of the stock is owned by company insiders.

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.