Gunderson Capital Management Inc. Has $5.02 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Gunderson Capital Management Inc. increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,132 shares of the company’s stock after purchasing an additional 175 shares during the period. Charter Communications makes up approximately 3.7% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 15th largest holding. Gunderson Capital Management Inc.’s holdings in Charter Communications were worth $5,022,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CHTR. YHB Investment Advisors Inc. lifted its holdings in Charter Communications by 0.5% during the first quarter. YHB Investment Advisors Inc. now owns 3,130 shares of the company’s stock worth $2,017,000 after acquiring an additional 16 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Charter Communications by 10.7% during the first quarter. Lindbrook Capital LLC now owns 166 shares of the company’s stock worth $102,000 after acquiring an additional 16 shares in the last quarter. Flputnam Investment Management Co. lifted its holdings in shares of Charter Communications by 3.2% in the fourth quarter. Flputnam Investment Management Co. now owns 545 shares of the company’s stock valued at $361,000 after purchasing an additional 17 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Charter Communications by 0.5% in the fourth quarter. Van ECK Associates Corp now owns 3,268 shares of the company’s stock valued at $2,162,000 after purchasing an additional 17 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC lifted its holdings in shares of Charter Communications by 5.7% in the first quarter. Regent Peak Wealth Advisors LLC now owns 350 shares of the company’s stock valued at $215,000 after purchasing an additional 19 shares in the last quarter. 70.05% of the stock is owned by institutional investors and hedge funds.

Shares of Charter Communications stock traded up $0.68 on Friday, hitting $685.98. The stock had a trading volume of 1,518 shares, compared to its average volume of 1,117,221. Charter Communications, Inc. has a twelve month low of $485.01 and a twelve month high of $704.09. The business’s 50 day moving average is $645.83 and its two-hundred day moving average is $636.13. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.31. The stock has a market cap of $129.42 billion, a price-to-earnings ratio of 54.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.00.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Thursday, April 29th. The company reported $4.11 EPS for the quarter, missing the consensus estimate of $4.34 by ($0.23). Charter Communications had a net margin of 5.70% and a return on equity of 7.50%. The firm had revenue of $12.52 billion during the quarter, compared to analyst estimates of $12.50 billion. During the same period in the previous year, the company posted $1.86 EPS. Charter Communications’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities analysts predict that Charter Communications, Inc. will post 14.28 earnings per share for the current fiscal year.

In related news, Director David C. Merritt sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $697.45, for a total value of $697,450.00. Following the completion of the sale, the director now directly owns 8,907 shares in the company, valued at $6,212,187.15. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David Ellen sold 10,117 shares of the business’s stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $629.77, for a total value of $6,371,383.09. Following the completion of the sale, the insider now owns 38,710 shares of the company’s stock, valued at $24,378,396.70. The disclosure for this sale can be found here. Insiders sold 21,560 shares of company stock worth $14,061,988 in the last ninety days. 1.18% of the stock is owned by company insiders.

A number of analysts have recently commented on the company. Truist Securities boosted their price target on Charter Communications from $700.00 to $750.00 and gave the company a “buy” rating in a report on Monday. Argus boosted their price target on Charter Communications from $700.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday. KeyCorp boosted their price target on Charter Communications from $725.00 to $771.00 and gave the company an “overweight” rating in a report on Friday, January 15th. Citigroup lowered Charter Communications from a “buy” rating to a “neutral” rating in a report on Friday, April 9th. Finally, TD Securities lifted their target price on Charter Communications from $740.00 to $750.00 and gave the company a “hold” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $709.29.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company provides Internet services, such as security suite that protects computers from viruses and spyware; in-home WiFi, which provides customers with high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; and Spectrum WiFi services, as well as video services.

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

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