Hussman Strategic Advisors Inc. Has $5.20 Million Position in Charter Communications, Inc. $CHTR

Hussman Strategic Advisors Inc. boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 28.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 18,900 shares of the company’s stock after buying an additional 4,200 shares during the period. Charter Communications comprises about 1.1% of Hussman Strategic Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. Hussman Strategic Advisors Inc.’s holdings in Charter Communications were worth $5,199,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CHTR. Atlantic Union Bankshares Corp purchased a new position in shares of Charter Communications in the 2nd quarter worth approximately $25,000. Ameritas Advisory Services LLC acquired a new position in Charter Communications in the 2nd quarter worth approximately $28,000. Webster Bank N. A. acquired a new stake in shares of Charter Communications in the third quarter worth $28,000. Heritage Wealth Advisors acquired a new stake in Charter Communications during the 2nd quarter worth about $29,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Charter Communications during the third quarter worth about $30,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Insider Activity

In other news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the transaction, the director directly owned 10,146 shares in the company, valued at approximately $2,294,822.28. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Charter Communications Price Performance

Shares of CHTR opened at $182.99 on Wednesday. The firm has a fifty day moving average price of $202.29 and a 200 day moving average price of $245.94. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37. Charter Communications, Inc. has a 1-year low of $182.54 and a 1-year high of $437.06. The stock has a market cap of $23.68 billion, a PE ratio of 5.08, a price-to-earnings-growth ratio of 0.54 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). The firm had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $8.82 earnings per share. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on CHTR shares. Citigroup dropped their price objective on Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Sanford C. Bernstein lowered their price target on shares of Charter Communications from $280.00 to $240.00 and set a “market perform” rating on the stock in a research report on Thursday, January 15th. UBS Group lowered their price objective on Charter Communications from $355.00 to $233.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Barclays dropped their price target on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research note on Monday, November 3rd. Finally, Benchmark cut their price objective on Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and eight have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $312.20.

Charter Communications Company Profile

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.