Securian Asset Management Inc raised its position in Charter Communications Inc (NASDAQ:CHTR) by 0.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 18,129 shares of the company’s stock after buying an additional 100 shares during the period. Securian Asset Management Inc’s holdings in Charter Communications were worth $6,289,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. World Asset Management Inc increased its position in shares of Charter Communications by 2.7% in the first quarter. World Asset Management Inc now owns 11,556 shares of the company’s stock valued at $4,009,000 after acquiring an additional 309 shares during the last quarter. Three Peaks Capital Management LLC grew its holdings in Charter Communications by 11.1% during the first quarter. Three Peaks Capital Management LLC now owns 14,596 shares of the company’s stock worth $5,063,000 after purchasing an additional 1,462 shares during the period. TRUE Private Wealth Advisors grew its holdings in Charter Communications by 14.4% during the first quarter. TRUE Private Wealth Advisors now owns 1,249 shares of the company’s stock worth $433,000 after purchasing an additional 157 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Charter Communications by 93.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 512 shares of the company’s stock worth $178,000 after purchasing an additional 247 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in Charter Communications during the first quarter worth about $1,667,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.
NASDAQ CHTR traded down $1.13 on Wednesday, reaching $378.08. The company had a trading volume of 665,300 shares, compared to its average volume of 1,218,837. The company has a market capitalization of $84.72 billion, a price-to-earnings ratio of 72.43, a PEG ratio of 1.21 and a beta of 1.40. Charter Communications Inc has a fifty-two week low of $259.48 and a fifty-two week high of $387.41. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.62.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). The company had revenue of $11.21 billion during the quarter, compared to analyst estimates of $11.20 billion. Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. Research analysts expect that Charter Communications Inc will post 7.4 earnings per share for the current fiscal year.
In other news, Director Craig A. Jacobson sold 1,325 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $375.18, for a total transaction of $497,113.50. Following the transaction, the director now owns 12,773 shares of the company’s stock, valued at approximately $4,792,174.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard R. Dykhouse sold 2,019 shares of the stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $348.83, for a total transaction of $704,287.77. Following the transaction, the executive vice president now directly owns 9,880 shares in the company, valued at approximately $3,446,440.40. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on CHTR shares. Credit Suisse Group restated a “neutral” rating and set a $345.00 price objective (up previously from $294.00) on shares of Charter Communications in a report on Friday, February 1st. TD Securities boosted their price objective on Charter Communications from $385.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, February 1st. Royal Bank of Canada set a $400.00 price objective on Charter Communications and gave the stock a “buy” rating in a report on Saturday, February 2nd. Zacks Investment Research upgraded Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 price target for the company in a research note on Tuesday, February 26th. Finally, BidaskClub cut Charter Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $365.88.
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About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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