Artemis Investment Management LLP Acquires 3,000 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Artemis Investment Management LLP lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 50.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,000 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Artemis Investment Management LLP’s holdings in Charter Communications were worth $5,863,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blume Capital Management Inc. bought a new position in shares of Charter Communications during the 4th quarter worth $26,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Charter Communications during the 3rd quarter worth $29,000. Bell Investment Advisors Inc bought a new position in shares of Charter Communications during the 3rd quarter worth $34,000. Magnolia Capital Management Ltd. bought a new position in shares of Charter Communications during the 4th quarter worth $39,000. Finally, Cranbrook Wealth Management LLC grew its stake in shares of Charter Communications by 35.7% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 57 shares of the company’s stock worth $41,000 after acquiring an additional 15 shares during the period. Institutional investors own 82.67% of the company’s stock.

NASDAQ:CHTR opened at $428.49 on Friday. The business has a 50 day moving average of $553.75 and a 200 day moving average of $614.10. The company has a market capitalization of $74.02 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 0.52 and a beta of 0.94. Charter Communications, Inc. has a 1-year low of $415.01 and a 1-year high of $825.62. The company has a debt-to-equity ratio of 4.88, a current ratio of 0.29 and a quick ratio of 0.29.

Charter Communications (NASDAQ:CHTR – Get Rating) last released its earnings results on Friday, April 29th. The company reported $6.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.51 by $0.39. The company had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.21 billion. Charter Communications had a return on equity of 20.47% and a net margin of 9.01%. Charter Communications’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.11 EPS. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 29.94 EPS for the current year.

In related news, COO Christopher L. Winfrey acquired 2,750 shares of the stock in a transaction on Tuesday, February 1st. The stock was purchased at an average price of $591.96 per share, for a total transaction of $1,627,890.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.96% of the company’s stock.

A number of research analysts have weighed in on the company. Wolfe Research lowered Charter Communications from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $712.00 to $621.00 in a report on Monday, January 3rd. Barclays reduced their target price on Charter Communications from $625.00 to $600.00 and set an “equal weight” rating for the company in a report on Monday, January 31st. Loop Capital reduced their target price on Charter Communications from $730.00 to $615.00 in a report on Wednesday, January 26th. KeyCorp reduced their target price on Charter Communications from $847.00 to $792.00 and set an “overweight” rating for the company in a report on Monday, January 31st. Finally, Rosenblatt Securities assumed coverage on Charter Communications in a report on Tuesday, April 19th. They set a “buy” rating and a $732.00 target price for the company. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $745.72.

About Charter Communications (Get Rating)

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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

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