DNB Asset Management AS cut its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,568 shares of the company’s stock after selling 1,801 shares during the quarter. DNB Asset Management AS’s holdings in Charter Communications were worth $6,703,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearline Capital LP bought a new stake in shares of Charter Communications during the second quarter valued at approximately $1,200,000. TD Asset Management Inc. boosted its position in shares of Charter Communications by 4.0% during the second quarter. TD Asset Management Inc. now owns 99,613 shares of the company’s stock valued at $29,208,000 after purchasing an additional 3,798 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of Charter Communications by 13.4% during the second quarter. Calamos Advisors LLC now owns 18,046 shares of the company’s stock valued at $5,291,000 after purchasing an additional 2,133 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Charter Communications by 14,134.7% during the second quarter. Tower Research Capital LLC TRC now owns 28,754 shares of the company’s stock valued at $8,431,000 after buying an additional 28,552 shares during the last quarter. Finally, Price Wealth Management Inc. raised its stake in Charter Communications by 33.4% during the second quarter. Price Wealth Management Inc. now owns 3,768 shares of the company’s stock valued at $1,105,000 after buying an additional 944 shares during the last quarter. Institutional investors own 71.07% of the company’s stock.
In other news, EVP Richard R. Dykhouse sold 2,101 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total value of $622,988.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by insiders.
CHTR stock opened at $308.74 on Friday. Charter Communications Inc has a 1-year low of $250.10 and a 1-year high of $396.64. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market capitalization of $75.56 billion, a PE ratio of 116.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.20. Charter Communications had a return on equity of 1.45% and a net margin of 23.59%. The firm had revenue of $10.85 billion during the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that Charter Communications Inc will post 4.43 EPS for the current fiscal year.
CHTR has been the subject of a number of recent research reports. BidaskClub cut Charter Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 21st. Goldman Sachs Group upgraded Charter Communications from a “neutral” rating to a “buy” rating in a research note on Thursday, June 28th. Zacks Investment Research cut Charter Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. ValuEngine cut Charter Communications from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Finally, Credit Suisse Group initiated coverage on Charter Communications in a research note on Tuesday, July 10th. They set a “neutral” rating and a $294.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $364.00.
About Charter Communications
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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