HBK Investments L P lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 166.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,538 shares of the company’s stock after buying an additional 40,900 shares during the quarter. HBK Investments L P’s holdings in Charter Communications were worth $22,018,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Price Capital Management Inc. bought a new position in shares of Charter Communications in the 4th quarter worth $101,000. Kings Point Capital Management boosted its position in Charter Communications by 68.4% during the 4th quarter. Kings Point Capital Management now owns 347 shares of the company’s stock valued at $117,000 after buying an additional 141 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Charter Communications by 109.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock valued at $137,000 after buying an additional 214 shares during the period. CLS Investments LLC lifted its position in shares of Charter Communications by 4,733.3% in the 3rd quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after purchasing an additional 426 shares during the period. Finally, Icon Wealth Partners LLC purchased a new stake in shares of Charter Communications in the 4th quarter worth about $151,000. Institutional investors own 72.29% of the company’s stock.
In other Charter Communications news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the completion of the transaction, the executive vice president now owns 34,931 shares in the company, valued at approximately $12,741,431.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
Shares of Charter Communications, Inc. (CHTR) opened at $349.00 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.43. Charter Communications, Inc. has a 1 year low of $308.30 and a 1 year high of $408.83. The company has a market cap of $82,902.30, a price-to-earnings ratio of 162.43, a price-to-earnings-growth ratio of 3.83 and a beta of 1.20.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.01. The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. equities research analysts forecast that Charter Communications, Inc. will post 4.32 earnings per share for the current fiscal year.
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About Charter Communications
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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