KSA Capital Management LLC Buys New Position in Charter Communications, Inc. (CHTR)

KSA Capital Management LLC bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the company’s stock, valued at approximately $363,000. Charter Communications comprises 1.9% of KSA Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds have also bought and sold shares of CHTR. Janney Montgomery Scott LLC lifted its stake in Charter Communications by 10.3% during the second quarter. Janney Montgomery Scott LLC now owns 1,610 shares of the company’s stock worth $542,000 after purchasing an additional 150 shares during the last quarter. Bessemer Group Inc. lifted its stake in Charter Communications by 50.7% during the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after purchasing an additional 151 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in Charter Communications by 14.3% during the second quarter. Pictet Asset Management Ltd. now owns 161,060 shares of the company’s stock worth $55,655,000 after purchasing an additional 20,168 shares during the last quarter. Barrett Asset Management LLC lifted its stake in Charter Communications by 118.7% during the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after purchasing an additional 216 shares during the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new stake in Charter Communications during the second quarter worth approximately $8,899,000. Hedge funds and other institutional investors own 72.22% of the company’s stock.

In other Charter Communications news, CFO Christopher L. Winfrey acquired 3,100 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Several research analysts have commented on the company. Telsey Advisory Group lowered Charter Communications from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $450.00 to $340.00 in a research report on Tuesday, September 5th. Zacks Investment Research raised Charter Communications from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Barclays cut their price target on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. Evercore ISI lifted their price target on Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $365.00 price target on shares of Charter Communications in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Charter Communications has a consensus rating of “Buy” and an average price target of $378.12.

Charter Communications, Inc. (NASDAQ:CHTR) opened at $322.64 on Thursday. The stock has a market capitalization of $82,280.00, a P/E ratio of 207.45, a PEG ratio of 6.22 and a beta of 1.06. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a twelve month low of $275.11 and a twelve month high of $408.83.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The company had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. During the same period in the previous year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts forecast that Charter Communications, Inc. will post 2.21 EPS for the current year.

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Charter Communications Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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

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