Night Owl Capital Management LLC lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 47.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,475 shares of the company’s stock after selling 6,790 shares during the period. Charter Communications comprises about 1.2% of Night Owl Capital Management LLC’s portfolio, making the stock its 21st biggest position. Night Owl Capital Management LLC’s holdings in Charter Communications were worth $2,511,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CHTR. Price Capital Management Inc. bought a new stake in Charter Communications during the 4th quarter worth $101,000. Kings Point Capital Management grew its position in shares of Charter Communications by 68.4% in 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 last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Charter Communications by 109.7% in 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 last quarter. Icon Wealth Partners LLC bought a new stake in shares of Charter Communications in the 4th quarter valued at about $151,000. Finally, CLS Investments LLC grew 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 valued at $158,000 after buying an additional 426 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.
In related news, EVP Jonathan Hargis sold 27,000 shares of the company’s 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 sale, the executive vice president now owns 34,931 shares in the company, valued at approximately $12,741,431.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by corporate insiders.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 2nd. The company reported $0.86 EPS for the quarter, beating the 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 company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts forecast that Charter Communications, Inc. will post 4.32 earnings per share for the current year.
CHTR has been the topic of a number of analyst reports. Barclays lowered Charter Communications from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $267.01 to $283.00 in a research report on Monday, December 4th. Buckingham Research initiated coverage on Charter Communications in a research report on Wednesday, December 13th. They issued a “buy” rating and a $415.00 price target on the stock. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 26th. BidaskClub upgraded Charter Communications from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Guggenheim upgraded Charter Communications from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Two equities research 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. Charter Communications has an average rating of “Buy” and an average target price 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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