Columbus Hill Capital Management L.P. Takes Position in Charter Communications, Inc. (CHTR)

Columbus Hill Capital Management L.P. bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 30,000 shares of the company’s stock, valued at approximately $10,106,000.

Several other large investors have also bought and sold shares of CHTR. UBS Asset Management Americas Inc. lifted its holdings in shares of Charter Communications by 1.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 969,405 shares of the company’s stock valued at $317,306,000 after acquiring an additional 15,312 shares in the last quarter. Baird Financial Group Inc. acquired a new position in shares of Charter Communications during the 1st quarter valued at $222,000. Infrastructure Capital Advisors LLC acquired a new position in shares of Charter Communications during the 1st quarter valued at $327,000. Mason Street Advisors LLC lifted its holdings in shares of Charter Communications by 0.4% during the 1st quarter. Mason Street Advisors LLC now owns 29,728 shares of the company’s stock valued at $9,731,000 after acquiring an additional 107 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Charter Communications by 2.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,488 shares of the company’s stock valued at $1,793,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.

Several equities analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a report on Wednesday, June 28th. BidaskClub lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. HSBC Holdings plc restated a “hold” rating and set a $360.00 target price (up previously from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $340.00 to $450.00 in a report on Wednesday, August 9th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $372.00 target price (up previously from $330.00) on shares of Charter Communications in a report on Sunday, July 30th. Twelve equities 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. The stock has an average rating of “Buy” and an average target price of $379.19.

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In other news, EVP Jonathan Hargis sold 10,976 shares of the stock in a transaction on Thursday, August 10th. The shares were 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 in the company, valued at approximately $7,191,975. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.56% of the company’s stock.

Charter Communications, Inc. (CHTR) traded down 0.22% during midday trading on Friday, hitting $360.30. 2,078,451 shares of the stock traded hands. The company has a 50-day moving average of $389.33 and a 200-day moving average of $348.25. The stock has a market cap of $92.92 billion, a PE ratio of 103.21 and a beta of 1.10. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.38 billion. During the same period last year, the company earned $0.99 earnings per share. Charter Communications’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.

Charter Communications 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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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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