Soros Fund Management LLC lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 33.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,135 shares of the company’s stock after selling 4,000 shares during the period. Soros Fund Management LLC’s holdings in Charter Communications were worth $2,342,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. CKW Financial Group boosted its stake in Charter Communications by 22.1% in the third quarter. CKW Financial Group now owns 552 shares of the company’s stock worth $149,000 after buying an additional 100 shares in the last quarter. Riverhead Capital Management LLC purchased a new stake in Charter Communications during the third quarter worth about $189,000. HRT Financial LLC purchased a new stake in Charter Communications during the second quarter worth about $200,000. Ray Gerald L & Associates Ltd. purchased a new stake in Charter Communications during the third quarter worth about $202,000. Finally, First National Bank of Omaha purchased a new stake in Charter Communications during the third quarter worth about $203,000. Institutional investors and hedge funds own 79.53% of the company’s stock.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded down 0.407% during mid-day trading on Thursday, hitting $323.845. The stock had a trading volume of 505,529 shares. The stock has a 50 day moving average price of $319.16 and a 200 day moving average price of $281.54. Charter Communications, Inc. has a 52 week low of $180.77 and a 52 week high of $341.50. The firm has a market cap of $87.08 billion, a PE ratio of 20.309 and a beta of 1.04.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, February 16th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.67. Charter Communications had a return on equity of 0.62% and a net margin of 13.87%. The company earned $10.28 billion during the quarter, compared to analysts’ expectations of $10.23 billion. During the same period last year, the firm posted ($1.09) earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
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A number of research firms have recently issued reports on CHTR. HSBC Holdings plc began coverage on Charter Communications in a research report on Thursday, January 19th. They set a “hold” rating and a $270.00 price objective on the stock. Zacks Investment Research cut Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 4th. Guggenheim upped their price target on Charter Communications from $305.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, February 13th. Deutsche Bank AG reiterated a “buy” rating and issued a $300.00 price target on shares of Charter Communications in a research report on Monday, November 7th. Finally, TheStreet cut Charter Communications from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $313.44.
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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