HL Financial Services LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 590 shares of the company’s stock, valued at approximately $214,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its holdings in Charter Communications by 4.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after purchasing an additional 16 shares during the last quarter. Parallel Advisors LLC raised its holdings in Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after purchasing an additional 93 shares during the last quarter. Huntington National Bank bought a new position in Charter Communications during the 3rd quarter worth approximately $128,000. Barrett Asset Management LLC raised its holdings in Charter Communications by 118.7% during the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after purchasing an additional 216 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in Charter Communications by 50.7% during the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.
In other news, CFO Christopher L. Winfrey acquired 3,100 shares of the business’s stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the acquisition, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is owned by insiders.
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Charter Communications, Inc. (NASDAQ:CHTR) traded down $6.91 on Wednesday, reaching $336.81. 1,452,200 shares of the company’s stock were exchanged, compared to its average volume of 1,676,354. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. The stock has a market cap of $85,452.23, a P/E ratio of 213.49, a price-to-earnings-growth ratio of 5.34 and a beta of 1.09. Charter Communications, Inc. has a 1 year low of $258.63 and a 1 year high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The firm had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. Charter Communications’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. sell-side analysts forecast that Charter Communications, Inc. will post 2.77 EPS for the current fiscal year.
Several research firms have recently weighed in on CHTR. Macquarie reiterated a “buy” rating and issued a $430.00 price objective on shares of Charter Communications in a research note on Tuesday, October 3rd. reiterated 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. Pivotal Research reiterated a “buy” rating and issued a $420.00 price objective (up previously from $405.00) on shares of Charter Communications in a research note on Friday, October 27th. Wells Fargo & Company reiterated a “market perform” rating and issued a $372.00 price objective (up previously from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Finally, Moffett Nathanson reiterated a “neutral” rating on shares of Charter Communications in a research note on Monday, October 16th. Thirteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Charter Communications has an average rating of “Buy” and an average target price of $378.12.
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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