Clearline Capital LP acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,267 shares of the company’s stock, valued at approximately $1,770,000. Charter Communications makes up approximately 0.9% of Clearline Capital LP’s portfolio, making the stock its 27th biggest holding.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in shares of Charter Communications by 315.1% in the third quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock worth $503,237,000 after buying an additional 1,051,151 shares during the period. Brown Advisory Inc. boosted its position in shares of Charter Communications by 623.2% in the third quarter. Brown Advisory Inc. now owns 592,689 shares of the company’s stock worth $215,394,000 after buying an additional 510,735 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Charter Communications in the fourth quarter worth $120,060,000. Farallon Capital Management LLC boosted its position in shares of Charter Communications by 142.4% in the fourth quarter. Farallon Capital Management LLC now owns 463,625 shares of the company’s stock worth $155,759,000 after buying an additional 272,370 shares during the period. Finally, Hengistbury Investment Partners LLP boosted its position in shares of Charter Communications by 158.7% in the fourth quarter. Hengistbury Investment Partners LLP now owns 379,288 shares of the company’s stock worth $127,426,000 after buying an additional 232,650 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 34,931 shares in the company, valued at $12,741,431.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.01. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the company earned $1.67 earnings per share. Charter Communications’s quarterly revenue was up 3.2% compared to the same quarter last year. analysts predict that Charter Communications, Inc. will post 4.32 EPS for the current year.
Several brokerages have recently commented on CHTR. Zacks Investment Research raised Charter Communications from a “sell” rating to a “hold” rating in a research report on Monday. SunTrust Banks raised their target price on Charter Communications to $440.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. BidaskClub cut Charter Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, March 2nd. Pivotal Research reaffirmed a “buy” rating and issued a $500.00 target price (up previously from $420.00) on shares of Charter Communications in a research report on Monday, February 5th. Finally, Royal Bank of Canada raised their target price on Charter Communications to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $407.17.
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Charter Communications Company 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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