Cornerstone Capital Management Holdings LLC. lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,576 shares of the company’s stock after selling 249 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Charter Communications were worth $15,310,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Price Capital Management Inc. bought a new position in Charter Communications during the fourth quarter valued at about $101,000. Kings Point Capital Management increased its stake in Charter Communications by 68.4% during the fourth quarter. Kings Point Capital Management now owns 347 shares of the company’s stock valued at $117,000 after acquiring an additional 141 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Charter Communications by 109.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock valued at $137,000 after acquiring an additional 214 shares during the period. Icon Wealth Partners LLC bought a new position in Charter Communications during the fourth quarter valued at about $151,000. Finally, CLS Investments LLC increased its stake in Charter Communications by 4,733.3% during the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after acquiring an additional 426 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Jonathan Hargis sold 27,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total value of $9,848,520.00. Following the sale, the executive vice president now directly owns 34,931 shares in the company, valued at approximately $12,741,431.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.
Several equities analysts recently issued reports on CHTR shares. Citigroup restated a “buy” rating and set a $436.00 price target (down from $453.00) on shares of Charter Communications in a research note on Wednesday, February 7th. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Buckingham Research started coverage on Charter Communications in a research note on Wednesday, December 13th. They set a “buy” rating and a $415.00 price target on the stock. BidaskClub lowered Charter Communications from a “sell” rating to a “strong sell” rating in a research note on Friday, March 2nd. Finally, Pivotal Research restated a “buy” rating and set a $500.00 price target (up from $420.00) on shares of Charter Communications in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $407.17.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at $339.55 on Friday. Charter Communications, Inc. has a 12 month low of $308.30 and a 12 month high of $408.83. The firm has a market capitalization of $81,321.00, a P/E ratio of 159.33, a PEG ratio of 3.76 and a beta of 1.20. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the company posted $1.67 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. sell-side analysts predict that Charter Communications, Inc. will post 4.32 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This article was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://ledgergazette.com/2018/03/16/charter-communications-inc-chtr-shares-sold-by-cornerstone-capital-management-holdings-llc.html.
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.
Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.