BB&T Securities LLC cut its position in Charter Communications Inc (NASDAQ:CHTR) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,803 shares of the company’s stock after selling 1,527 shares during the quarter. BB&T Securities LLC’s holdings in Charter Communications were worth $3,753,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Gluskin Sheff & Assoc Inc. grew its stake in Charter Communications by 7.0% in the 1st quarter. Gluskin Sheff & Assoc Inc. now owns 122,073 shares of the company’s stock valued at $37,992,000 after buying an additional 8,024 shares during the last quarter. Roundview Capital LLC grew its stake in Charter Communications by 44.9% in the 1st quarter. Roundview Capital LLC now owns 3,838 shares of the company’s stock valued at $1,194,000 after buying an additional 1,190 shares during the last quarter. Calamos Advisors LLC grew its stake in Charter Communications by 13.4% in the 2nd quarter. Calamos Advisors LLC now owns 18,046 shares of the company’s stock valued at $5,291,000 after buying an additional 2,133 shares during the last quarter. TD Asset Management Inc. grew its stake in Charter Communications by 4.0% in the 2nd quarter. TD Asset Management Inc. now owns 99,613 shares of the company’s stock valued at $29,208,000 after buying an additional 3,798 shares during the last quarter. Finally, Arnhold LLC acquired a new position in Charter Communications in the 1st quarter valued at $746,000. Institutional investors and hedge funds own 71.12% of the company’s stock.
NASDAQ CHTR opened at $319.21 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $72.54 billion, a price-to-earnings ratio of 120.46, a P/E/G ratio of 1.86 and a beta of 1.24. Charter Communications Inc has a 52-week low of $250.10 and a 52-week high of $396.64.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Tuesday, July 31st. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.20. Charter Communications had a net margin of 23.59% and a return on equity of 1.45%. The business had revenue of $10.85 billion for the quarter, compared to analyst estimates of $10.83 billion. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. research analysts forecast that Charter Communications Inc will post 4.43 EPS for the current fiscal year.
In other news, EVP Richard R. Dykhouse sold 2,101 shares of Charter Communications stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $296.52, for a total transaction of $622,988.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.83% of the stock is currently owned by insiders.
Several research firms have issued reports on CHTR. BidaskClub upgraded shares of Charter Communications from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 26th. ValuEngine upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Macquarie restated a “buy” rating and issued a $320.00 price target on shares of Charter Communications in a research report on Monday, June 25th. Goldman Sachs Group upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their price target for the stock from $315.00 to $361.00 in a research report on Thursday, June 21st. Finally, Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Charter Communications presently has a consensus rating of “Buy” and a consensus price target of $368.93.
Charter Communications Company Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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