Capital Guardian Trust Co. decreased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,336 shares of the company’s stock after selling 1,111 shares during the quarter. Charter Communications makes up approximately 1.6% of Capital Guardian Trust Co.’s portfolio, making the stock its 12th largest holding. Capital Guardian Trust Co. owned 0.10% of Charter Communications worth $92,794,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in CHTR. Janney Montgomery Scott LLC raised its position in shares of Charter Communications by 10.3% in the second quarter. Janney Montgomery Scott LLC now owns 1,610 shares of the company’s stock valued at $542,000 after purchasing an additional 150 shares during the period. Bessemer Group Inc. increased its position in Charter Communications by 50.7% during the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after acquiring an additional 151 shares during the period. First Trust Advisors LP increased its position in Charter Communications by 22.4% during the second quarter. First Trust Advisors LP now owns 81,343 shares of the company’s stock worth $27,400,000 after acquiring an additional 14,865 shares during the period. Advisors Asset Management Inc. increased its position in Charter Communications by 21,250.0% during the second quarter. Advisors Asset Management Inc. now owns 7,259 shares of the company’s stock worth $2,445,000 after acquiring an additional 7,225 shares during the period. Finally, Rational Advisors LLC bought a new position in Charter Communications during the second quarter worth $168,000. 72.22% of the stock is currently owned by institutional investors.
In other news, CFO Christopher L. Winfrey bought 3,100 shares of Charter Communications stock in a transaction dated Monday, October 30th. The shares were bought at an average price of $323.61 per share, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at $324.50 on Friday. Charter Communications, Inc. has a 52 week low of $275.34 and a 52 week high of $408.83. 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 company has a market cap of $80,673.95, a price-to-earnings ratio of 201.55, a PEG ratio of 6.04 and a beta of 1.05.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts expect that Charter Communications, Inc. will post 2.21 earnings per share for the current fiscal year.
CHTR has been the topic of a number of research reports. Barclays dropped their target price on shares of Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. Telsey Advisory Group lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $450.00 to $340.00 in a research report on Tuesday, September 5th. Macquarie reaffirmed a “buy” rating on shares of Charter Communications in a research report on Sunday, October 29th. Pivotal Research reaffirmed a “buy” rating and set a $420.00 target price (up previously from $405.00) on shares of Charter Communications in a research report on Friday, October 27th. Finally, Evercore ISI lifted their price target on shares of Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Charter Communications currently has a consensus rating of “Buy” and a consensus target price of $378.12.
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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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