Bedrijfstakpensioenfonds Voor DE Media PNO continued to hold its position in Charter Communications, Inc. (NASDAQ:CHTR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,521 shares of the company’s stock at the end of the first quarter. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Charter Communications were worth $1,152,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WFG Advisors LP raised its position in shares of Charter Communications by 6,820.0% in the fourth quarter. WFG Advisors LP now owns 1,038 shares of the company’s stock valued at $113,000 after buying an additional 1,023 shares during the last quarter. Burt Wealth Advisors bought a new position in shares of Charter Communications during the first quarter valued at approximately $115,000. CKW Financial Group increased its position in shares of Charter Communications by 22.1% in the third quarter. CKW Financial Group now owns 552 shares of the company’s stock valued at $149,000 after buying an additional 100 shares during the last quarter. Riverhead Capital Management LLC acquired a new position in shares of Charter Communications during the third quarter worth about $189,000. Finally, Quadrant Capital Group LLC increased its position in shares of Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock worth $197,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded down 0.03% during trading on Friday, reaching $315.78. The company had a trading volume of 1,915,804 shares. Charter Communications, Inc. has a 12 month low of $214.06 and a 12 month high of $350.38. The firm has a market capitalization of $84.48 billion, a PE ratio of 21.45 and a beta of 1.04. The stock has a 50 day moving average price of $331.10 and a 200 day moving average price of $307.70.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by $0.42. The business had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.26 billion. Charter Communications had a return on equity of 0.62% and a net margin of 13.87%. Charter Communications’s revenue for the quarter was up 301.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.68) EPS. On average, equities research analysts forecast that Charter Communications, Inc. will post $0.60 EPS for the current year.
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A number of analysts have commented on CHTR shares. Telsey Advisory Group decreased their price objective on Charter Communications from $345.00 to $340.00 and set a “market perform” rating for the company in a report on Wednesday, May 3rd. Macquarie reaffirmed a “buy” rating and issued a $365.00 target price on shares of Charter Communications in a report on Tuesday, May 2nd. Pivotal Research increased their price objective on Charter Communications from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Wells Fargo & Co cut Charter Communications from an “outperform” rating to a “market perform” rating and set a $335.00 target price on the stock. in a research note on Wednesday, May 3rd. Finally, Deutsche Bank AG reduced their price objective on Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Charter Communications presently has an average rating of “Buy” and a consensus target price of $322.49.
In other Charter Communications news, EVP Jonathan Hargis sold 6,000 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $325.75, for a total value of $1,954,500.00. Following the completion of the sale, the executive vice president now directly owns 13,049 shares in the company, valued at $4,250,711.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $323.62, for a total value of $323,620.00. Following the transaction, the director now owns 13,436 shares of the company’s stock, valued at $4,348,158.32. The disclosure for this sale can be found here. Corporate insiders own 1.51% of the company’s stock.
About Charter Communications
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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