Zimmer Partners LP lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 43.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,800 shares of the company’s stock after selling 110,200 shares during the quarter. Charter Communications comprises 1.2% of Zimmer Partners LP’s portfolio, making the stock its 26th largest position. Zimmer Partners LP owned approximately 0.06% of Charter Communications worth $48,647,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CHTR. FDx Advisors Inc. grew its holdings in Charter Communications by 280.0% in the 3rd 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 in the last quarter. HL Financial Services LLC bought a new position in Charter Communications in the 3rd quarter worth approximately $214,000. CIBC Asset Management Inc grew its holdings in Charter Communications by 1.4% in the 3rd 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 in the last quarter. Teacher Retirement System of Texas grew its holdings in Charter Communications by 1,339.9% in the 3rd 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 in the last quarter. Finally, Massey Quick Simon & CO. LLC bought a new position in Charter Communications in the 3rd quarter worth approximately $291,000. 72.29% of the stock is owned by institutional investors.
In other 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 owns 34,931 shares in the company, valued at approximately $12,741,431.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at $349.28 on Wednesday. Charter Communications, Inc. has a 52-week low of $308.30 and a 52-week high of $408.83. The company has a market capitalization of $85,676.13, a price-to-earnings ratio of 9.77, a PEG ratio of 3.96 and a beta of 1.20. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.23 and a current ratio of 0.23.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. sell-side analysts forecast that Charter Communications, Inc. will post 4.32 earnings per share for the current fiscal year.
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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