Charter Communication Inc – (CHTR, +1, Feb 2nd)
Steven Miron (Director since 2016) purchased 2,500 shares on January 31st at $384, spending $961,000 and increasing his holdings to 9,173 shares. Despite his 6+ year tenure on this board as well as a 9 year tenure on the board of Warner Bros Discovery (WBD), this is his first reported purchase of any meaningful size.
His ownership in CHTR is now worth approximately $3.5 million vs. an estimated ownership in WBD of $1.7 million. This large purchase in Charter is unusual, out of the blue and appears aggressive. We ranked this stock +N on November 4th based on a $10.2m purchase from Eric Zinterhofer at $374 per share (Lead Independent Director since 2016, joined 2009). That was Zinterhofer’s first purchase despite an even longer tenure.
We are upgrading the stock further, from +N to +1