Xact Kapitalforvaltning AB lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,904 shares of the company’s stock after buying an additional 399 shares during the period. Xact Kapitalforvaltning AB’s holdings in Charter Communications were worth $12,398,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Kings Point Capital Management grew its position in Charter Communications by 68.4% in the 4th quarter. Kings Point Capital Management now owns 347 shares of the company’s stock worth $117,000 after purchasing an additional 141 shares during the last quarter. MML Investors Services LLC grew its position in Charter Communications by 15.8% in the 4th quarter. MML Investors Services LLC now owns 1,046 shares of the company’s stock worth $351,000 after purchasing an additional 143 shares during the last quarter. Hosking Partners LLP grew its position in Charter Communications by 0.6% in the 3rd quarter. Hosking Partners LLP now owns 28,001 shares of the company’s stock worth $10,176,000 after purchasing an additional 156 shares during the last quarter. Mackenzie Financial Corp grew its position in Charter Communications by 27.7% in the 4th quarter. Mackenzie Financial Corp now owns 774 shares of the company’s stock worth $260,000 after purchasing an additional 168 shares during the last quarter. Finally, Aureus Asset Management LLC grew its position in Charter Communications by 0.4% in the 3rd quarter. Aureus Asset Management LLC now owns 44,829 shares of the company’s stock worth $16,292,000 after purchasing an additional 172 shares during the last quarter. 72.22% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the completion of the sale, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by corporate insiders.
Several research analysts have commented on CHTR shares. Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 26th. Moffett Nathanson upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Wells Fargo upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $387.50 to $460.00 in a research report on Monday, February 5th. Buckingham Research started coverage on shares of Charter Communications in a research report on Wednesday, December 13th. They issued a “buy” rating and a $415.00 target price for the company. Finally, Argus restated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $407.17.
Charter Communications stock opened at $321.05 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. The stock has a market cap of $78,136.95, a P/E ratio of 153.09, a PEG ratio of 3.61 and a beta of 1.20. Charter Communications, Inc. has a 1-year low of $308.30 and a 1-year high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. The business had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $1.67 earnings per share. analysts anticipate that Charter Communications, Inc. will post 4.32 EPS for the current fiscal year.
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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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