Calamos Advisors LLC raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,685 shares of the company’s stock after purchasing an additional 484 shares during the quarter. Calamos Advisors LLC’s holdings in Charter Communications were worth $5,700,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHTR. Gotham Asset Management LLC purchased a new stake in Charter Communications in the first quarter valued at approximately $1,486,000. AQR Capital Management LLC raised its position in Charter Communications by 18.0% in the first quarter. AQR Capital Management LLC now owns 34,447 shares of the company’s stock valued at $11,275,000 after purchasing an additional 5,256 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Charter Communications in the first quarter valued at approximately $2,064,000. Caxton Associates LP raised its position in Charter Communications by 275.2% in the first quarter. Caxton Associates LP now owns 38,650 shares of the company’s stock valued at $12,651,000 after purchasing an additional 28,350 shares during the period. Finally, Credit Suisse AG raised its position in Charter Communications by 8.8% in the first quarter. Credit Suisse AG now owns 691,692 shares of the company’s stock valued at $226,405,000 after purchasing an additional 56,118 shares during the period. 74.06% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on CHTR. Citigroup Inc. boosted their target price on Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a research report on Tuesday, August 22nd. UBS AG reissued a “buy” rating and issued a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Telsey Advisory Group lowered Charter Communications from an “outperform” rating to a “market perform” rating and cut their target price for the company from $450.00 to $340.00 in a research report on Tuesday, September 5th. BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $410.00 target price (up previously from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Charter Communications has an average rating of “Buy” and a consensus price target of $379.18.
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In other news, CFO Christopher L. Winfrey purchased 3,100 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the purchase, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the sale, the executive vice president now directly owns 18,025 shares in the company, valued at approximately $7,191,975. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
Charter Communications, Inc. (NASDAQ:CHTR) opened at 334.17 on Wednesday. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83. The firm has a market cap of $86.18 billion, a P/E ratio of 95.72 and a beta of 1.10. The company’s 50 day moving average is $357.97 and its 200-day moving average is $354.17.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business had revenue of $10.46 billion during the quarter, compared to analysts’ expectations of $10.49 billion. During the same period in the prior year, the business posted $0.69 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
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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