Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,874 shares of the company’s stock after buying an additional 837 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Charter Communications were worth $17,398,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Parametrica Management Ltd acquired a new stake in Charter Communications during the 3rd quarter valued at $226,000. Swiss National Bank lifted its holdings in Charter Communications by 11.8% during the 2nd quarter. Swiss National Bank now owns 857,609 shares of the company’s stock valued at $288,886,000 after purchasing an additional 90,400 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after purchasing an additional 93 shares during the last quarter. Allen Investment Management LLC acquired a new stake in Charter Communications during the 2nd quarter valued at $127,850,000. Finally, State of Tennessee Treasury Department lifted its holdings in Charter Communications by 6.7% during the 2nd quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock valued at $44,476,000 after purchasing an additional 8,280 shares during the last quarter. 74.76% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on CHTR. Telsey Advisory Group raised Charter Communications from a “market perform” rating to an “outperform” rating and raised their price target for the company from $340.00 to $450.00 in a report on Wednesday, August 9th. reaffirmed a “hold” rating and set a $360.00 price target (up previously from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. UBS AG reissued a “buy” rating and set a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Wells Fargo & Company reissued a “market perform” rating and set a $372.00 target price (up previously from $330.00) on shares of Charter Communications in a report on Sunday, July 30th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $380.00 target price 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 stock. Charter Communications presently has an average rating of “Buy” and an average price target of $378.12.
In other Charter Communications news, CFO Christopher L. Winfrey bought 3,100 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the transaction, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $16,153,316.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
Charter Communications, Inc. (NASDAQ:CHTR) traded down $4.83 during mid-day trading on Wednesday, reaching $333.59. The company had a trading volume of 379,209 shares, compared to its average volume of 1,678,835. The firm has a market capitalization of $84,122.16, a P/E ratio of 210.17, a PEG ratio of 5.26 and a beta of 1.09. Charter Communications, Inc. has a fifty-two week low of $264.26 and a fifty-two week high of $408.83. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The business’s revenue was up 4.2% on a year-over-year basis. analysts anticipate that Charter Communications, Inc. will post 2.77 EPS for the current fiscal year.
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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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