Triple Frond Partners LLC Increases Stake in Charter Communications, Inc. (CHTR)

Triple Frond Partners LLC raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 19.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 387,654 shares of the company’s stock after acquiring an additional 63,100 shares during the period. Charter Communications comprises approximately 17.1% of Triple Frond Partners LLC’s portfolio, making the stock its biggest holding. Triple Frond Partners LLC owned about 0.15% of Charter Communications worth $130,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank grew its holdings in shares of Charter Communications by 11.8% in the second quarter. Swiss National Bank now owns 857,609 shares of the company’s stock worth $288,886,000 after purchasing an additional 90,400 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Charter Communications by 43.3% in the second 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. Allen Investment Management LLC bought a new position in shares of Charter Communications in the second quarter worth approximately $127,850,000. State of Tennessee Treasury Department grew its holdings in shares of Charter Communications by 6.7% in the second quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock worth $44,476,000 after purchasing an additional 8,280 shares during the last quarter. Finally, Birinyi Associates Inc. bought a new position in shares of Charter Communications in the second quarter worth approximately $269,000. Institutional investors and hedge funds own 74.09% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Triple Frond Partners LLC Increases Stake in Charter Communications, Inc. (CHTR)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/18/triple-frond-partners-llc-has-130-58-million-stake-in-charter-communications-inc-chtr.html.

In related 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 sale, the executive vice president now owns 18,025 shares in the company, valued at approximately $7,191,975. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded down 0.79% during mid-day trading on Wednesday, hitting $355.00. The stock had a trading volume of 456,539 shares. The stock has a market cap of $91.55 billion, a P/E ratio of 101.69 and a beta of 1.10. The firm has a 50 day moving average of $373.98 and a 200-day moving average of $353.43. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83.

Charter Communications (NASDAQ:CHTR) last released its earnings results 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 return on equity of 1.15% and a net margin of 2.29%. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts expect that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.

A number of analysts recently commented on CHTR shares. BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reissued a “buy” rating and set a $410.00 price objective (up previously from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. Royal Bank Of Canada raised their price objective on Charter Communications from $356.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Robert W. Baird restated a “hold” rating and set a $365.00 price target on shares of Charter Communications in a report on Wednesday, October 4th. Finally, UBS AG restated a “buy” rati

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank grew its holdings in shares of Charter Communications by 11.8% in the second quarter. Swiss National Bank now owns 857,609 shares of the company’s stock worth $288,886,000 after purchasing an additional 90,400 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Charter Communications by 43.3% in the second 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. Allen Investment Management LLC bought a new position in shares of Charter Communications in the second quarter worth approximately $127,850,000. State of Tennessee Treasury Department grew its holdings in shares of Charter Communications by 6.7% in the second quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock worth $44,476,000 after purchasing an additional 8,280 shares during the last quarter. Finally, Birinyi Associates Inc. bought a new position in shares of Charter Communications in the second quarter worth approximately $269,000. Institutional investors and hedge funds own 74.09% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Triple Frond Partners LLC Increases Stake in Charter Communications, Inc. (CHTR)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/18/triple-frond-partners-llc-has-130-58-million-stake-in-charter-communications-inc-chtr.html.

In related 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 sale, the executive vice president now owns 18,025 shares in the company, valued at approximately $7,191,975. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded down 0.79% during mid-day trading on Wednesday, hitting $355.00. The stock had a trading volume of 456,539 shares. The stock has a market cap of $91.55 billion, a P/E ratio of 101.69 and a beta of 1.10. The firm has a 50 day moving average of $373.98 and a 200-day moving average of $353.43. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83.

Charter Communications (NASDAQ:CHTR) last released its earnings results 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 return on equity of 1.15% and a net margin of 2.29%. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts expect that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.

A number of analysts recently commented on CHTR shares. BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reissued a “buy” rating and set a $410.00 price objective (up previously from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. Royal Bank Of Canada raised their price objective on Charter Communications from $356.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Robert W. Baird restated a “hold” rating and set a $365.00 price target on shares of Charter Communications in a report on Wednesday, October 4th. Finally, UBS AG restated a “buy” rating and set a $450.00 price target (up from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Twelve equities research 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 stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $381.86.

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.

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

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