Schroder Investment Management Group cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,085 shares of the company’s stock after selling 3,716 shares during the period. Schroder Investment Management Group’s holdings in Charter Communications were worth $27,894,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Guardian Life Insurance Co. of America boosted its holdings in Charter Communications by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after purchasing an additional 6 shares during the period. RMB Capital Management LLC boosted its holdings in Charter Communications by 1.0% in the 1st quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock valued at $267,000 after purchasing an additional 8 shares during the period. Allen Operations LLC boosted its holdings in Charter Communications by 0.8% in the 1st quarter. Allen Operations LLC now owns 979 shares of the company’s stock valued at $320,000 after purchasing an additional 8 shares during the period. Cornerstone Advisors Inc. boosted its holdings in Charter Communications by 4.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after purchasing an additional 16 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Charter Communications by 1.2% in the 1st quarter. Teacher Retirement System of Texas now owns 2,309 shares of the company’s stock valued at $756,000 after purchasing an additional 28 shares during the period. 74.15% of the stock is owned by hedge funds and other institutional investors.
Charter Communications, Inc. (NASDAQ CHTR) opened at 381.01 on Tuesday. The stock has a 50 day moving average of $387.51 and a 200 day moving average of $345.85. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83. The company has a market cap of $98.26 billion, a price-to-earnings ratio of 109.14 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.29. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. During the same period in the prior year, the company earned $0.99 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on CHTR shares. UBS AG restated a “buy” rating and issued a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. HSBC Holdings plc restated a “hold” rating and issued a $360.00 price objective (up previously from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $340.00 to $450.00 in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC set a $354.00 price objective on shares of Charter Communications and gave the company an “equal weight” rating in a research note on Wednesday, August 2nd. Twelve equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $375.73.
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In other news, EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total value of $4,379,424.00. Following the completion of the transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at $7,191,975. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.
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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