Teachers Advisors LLC cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,402 shares of the company’s stock after selling 6,571 shares during the period. Teachers Advisors LLC owned 0.13% of Charter Communications worth $103,947,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of CHTR. FDx Advisors Inc. increased its position in Charter Communications by 280.0% in the third quarter. FDx Advisors Inc. now owns 3,238 shares of the company’s stock worth $1,177,000 after buying an additional 2,386 shares during the period. HL Financial Services LLC acquired a new stake in Charter Communications in the third quarter worth $214,000. CIBC Asset Management Inc increased its position in Charter Communications by 1.4% in the third quarter. CIBC Asset Management Inc now owns 30,366 shares of the company’s stock worth $11,036,000 after buying an additional 425 shares during the period. Teacher Retirement System of Texas increased its position in Charter Communications by 1,339.9% in the third quarter. Teacher Retirement System of Texas now owns 32,412 shares of the company’s stock worth $11,779,000 after buying an additional 30,161 shares during the period. Finally, Massey Quick Simon & CO. LLC acquired a new stake in Charter Communications in the third quarter worth $291,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Charter Communications from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub cut Charter Communications from a “sell” rating to a “strong sell” rating in a research note on Friday, March 2nd. Argus reissued a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Wednesday, February 21st. Royal Bank of Canada increased their price target on Charter Communications to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Citigroup reissued a “buy” rating and issued a $436.00 price target (down previously from $453.00) on shares of Charter Communications in a research note on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $407.17.
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 business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business posted $1.67 earnings per share. Charter Communications’s revenue was up 3.2% compared to the same quarter last year. sell-side analysts anticipate that Charter Communications, Inc. will post 4.32 EPS for the current year.
In related 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 value of $9,848,520.00. Following the completion of the sale, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at approximately $12,741,431.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.
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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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