Engineers Gate Manager LP bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 4,248 shares of the company’s stock, valued at approximately $1,544,000.
Several other institutional investors have also modified their holdings of CHTR. Parallel Advisors LLC raised its position in shares of Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after acquiring an additional 93 shares during the last quarter. Huntington National Bank bought a new stake in shares of Charter Communications during the 3rd quarter valued at $128,000. Bessemer Group Inc. raised its position in shares of Charter Communications by 50.7% during the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after acquiring an additional 151 shares during the last quarter. Rational Advisors LLC bought a new stake in shares of Charter Communications during the 2nd quarter valued at $168,000. Finally, Quadrant Capital Group LLC raised its position in shares of Charter Communications by 5.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock valued at $194,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 72.16% of the company’s stock.
In related news, CFO Christopher L. Winfrey bought 3,100 shares of Charter Communications stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the purchase, the chief financial officer now owns 49,916 shares in the company, valued at $16,153,316.76. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded up $13.01 during midday trading on Tuesday, reaching $348.97. 2,790,000 shares of the company were exchanged, compared to its average volume of 1,900,000. The firm has a market cap of $83,520.00, a price-to-earnings ratio of 189.66, a PEG ratio of 6.26 and a beta of 1.06. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a 12-month low of $282.54 and a 12-month high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. Charter Communications’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. analysts expect that Charter Communications, Inc. will post 2.21 earnings per share for the current fiscal year.
Several brokerages have commented on CHTR. BidaskClub upgraded shares of Charter Communications from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. Robert W. Baird reiterated a “hold” rating and set a $365.00 target price on shares of Charter Communications in a research report on Wednesday, October 4th. Royal Bank of Canada reiterated a “buy” rating and set a $420.00 target price on shares of Charter Communications in a research report on Monday, September 18th. Moffett Nathanson reissued a “neutral” rating on shares of Charter Communications in a report on Monday, October 16th. Finally, SunTrust Banks reissued a “buy” rating and issued a $380.00 price target on shares of Charter Communications in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. Charter Communications currently has a consensus rating of “Hold” and an average price target of $383.21.
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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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