TD Asset Management Inc. decreased its position in Charter Communications Inc (NASDAQ:CHTR) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,640 shares of the company’s stock after selling 973 shares during the quarter. TD Asset Management Inc.’s holdings in Charter Communications were worth $32,145,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in Charter Communications by 56.2% during the third quarter. Private Advisor Group LLC now owns 7,614 shares of the company’s stock worth $2,481,000 after purchasing an additional 2,741 shares during the last quarter. Boston Family Office LLC bought a new stake in Charter Communications during the third quarter worth $201,000. Willingdon Wealth Management lifted its stake in Charter Communications by 8.5% during the third quarter. Willingdon Wealth Management now owns 11,525 shares of the company’s stock worth $3,756,000 after purchasing an additional 907 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Charter Communications by 8.0% during the third quarter. Victory Capital Management Inc. now owns 11,245 shares of the company’s stock worth $3,665,000 after purchasing an additional 836 shares during the last quarter. Finally, Wealthstreet Investment Advisors LLC bought a new stake in Charter Communications during the third quarter worth $212,000. 71.10% of the stock is currently owned by institutional investors.
In other news, insider John Bickham sold 144,672 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total value of $46,687,101.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.
Several equities research analysts have weighed in on CHTR shares. Citigroup cut their target price on Charter Communications from $410.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Buckingham Research upped their target price on Charter Communications from $397.00 to $418.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Macquarie restated a “buy” rating and set a $355.00 target price on shares of Charter Communications in a research note on Wednesday, August 1st. Pivotal Research upped their target price on Charter Communications from $375.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $360.13.
Shares of CHTR opened at $321.11 on Friday. Charter Communications Inc has a 52 week low of $250.10 and a 52 week high of $396.64. The firm has a market capitalization of $75.17 billion, a PE ratio of 68.12, a PEG ratio of 1.67 and a beta of 1.15. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.23 and a quick ratio of 0.23.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 26th. The company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $1.06. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The company had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same period in the prior year, the company earned $0.19 EPS. Charter Communications’s revenue was up 4.1% compared to the same quarter last year. As a group, analysts expect that Charter Communications Inc will post 5.17 EPS for the current year.
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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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