Gamco Investors INC. ET AL cut its position in Charter Communications Inc (NASDAQ:CHTR) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,496 shares of the company’s stock after selling 656 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Charter Communications were worth $2,265,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of CHTR. Venturi Wealth Management LLC acquired a new position in Charter Communications in the 3rd quarter valued at $28,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Charter Communications in the 2nd quarter valued at $34,000. Massey Quick Simon & CO. LLC acquired a new position in Charter Communications in the 3rd quarter valued at $35,000. Mechanics Bank Trust Department acquired a new position in Charter Communications in the 3rd quarter valued at $38,000. Finally, Ibex Wealth Advisors acquired a new position in Charter Communications in the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 72.58% of the company’s stock.
Shares of NASDAQ:CHTR traded up $1.31 during midday trading on Friday, reaching $469.75. 770,100 shares of the company’s stock were exchanged, compared to its average volume of 1,160,188. The firm has a market capitalization of $101.64 billion, a PE ratio of 89.99, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The company’s 50 day simple moving average is $438.26 and its two-hundred day simple moving average is $403.79. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.28 and a current ratio of 0.28. Charter Communications Inc has a 12 month low of $272.91 and a 12 month high of $479.18.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.08. The firm had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.42 billion. Charter Communications had a net margin of 2.76% and a return on equity of 2.91%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.11 earnings per share. On average, research analysts anticipate that Charter Communications Inc will post 6.78 earnings per share for the current year.
In other Charter Communications news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $474.47, for a total value of $569,364.00. Following the transaction, the director now owns 9,276 shares of the company’s stock, valued at $4,401,183.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Jonathan Hargis sold 1,234 shares of Charter Communications stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $464.80, for a total transaction of $573,563.20. Following the completion of the transaction, the chief marketing officer now directly owns 12,895 shares in the company, valued at approximately $5,993,596. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,434 shares of company stock valued at $1,603,797. Corporate insiders own 0.84% of the company’s stock.
A number of research firms recently issued reports on CHTR. UBS Group raised their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Deutsche Bank raised their price target on shares of Charter Communications from $440.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. SunTrust Banks raised their price target on shares of Charter Communications to $495.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Nomura raised their price target on shares of Charter Communications from $350.00 to $380.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, TD Securities raised their price target on shares of Charter Communications from $450.00 to $475.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Charter Communications has a consensus rating of “Buy” and an average price target of $467.24.
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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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