Tokio Marine Asset Management Co. Ltd. decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 24.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,794 shares of the company’s stock after selling 566 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Charter Communications were worth $652,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of Charter Communications by 18.0% in the 1st quarter. AQR Capital Management LLC now owns 34,447 shares of the company’s stock valued at $11,275,000 after buying an additional 5,256 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of Charter Communications by 340.4% during the 1st quarter. Bank of Nova Scotia now owns 296,007 shares of the company’s stock valued at $96,887,000 after purchasing an additional 228,796 shares in the last quarter. Achmea Investment Management B.V. purchased a new position in shares of Charter Communications during the 1st quarter valued at approximately $1,090,000. Ibex Wealth Advisors increased its holdings in shares of Charter Communications by 1.9% during the 1st quarter. Ibex Wealth Advisors now owns 3,833 shares of the company’s stock valued at $1,273,000 after purchasing an additional 71 shares in the last quarter. Finally, Marianas Fund Management LLC purchased a new position in shares of Charter Communications during the 1st quarter valued at approximately $7,397,000. 76.36% of the stock is currently owned by institutional investors and hedge funds.
Charter Communications, Inc. (CHTR) traded down $2.76 during trading hours on Monday, reaching $338.44. The company had a trading volume of 870,100 shares, compared to its average volume of 1,680,903. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a twelve month low of $258.63 and a twelve month high of $408.83. The firm has a market cap of $84,139.57, a price-to-earnings ratio of 210.21, a P/E/G ratio of 5.26 and a beta of 1.09.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data 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 return on equity of 0.91% and a net margin of 1.93%. The firm had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. sell-side analysts forecast that Charter Communications, Inc. will post 2.77 EPS for the current fiscal year.
In other news, CFO Christopher L. Winfrey acquired 3,100 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were bought 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 owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.
A number of research firms recently issued reports on CHTR. Telsey Advisory Group raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $340.00 to $450.00 in a research note on Wednesday, August 9th. HSBC Holdings plc reissued a “hold” rating and set a $360.00 price target (up previously from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. UBS AG reissued a “buy” rating and set a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Wells Fargo & Company restated a “market perform” rating and issued a $372.00 price objective (up from $330.00) on shares of Charter Communications in a report on Sunday, July 30th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $380.00 price target on shares of Charter Communications in a report on Friday, October 27th. Thirteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $378.12.
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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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