Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,874 shares of the company’s stock after acquiring an additional 837 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Charter Communications were worth $17,398,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in CHTR. Ameriprise Financial Inc. lifted its position in shares of Charter Communications by 315.1% during the third quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock worth $503,237,000 after acquiring an additional 1,051,151 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Charter Communications by 2,099.6% in the second quarter. Janus Henderson Group PLC now owns 604,019 shares of the company’s stock worth $203,464,000 after buying an additional 576,559 shares in the last quarter. BlackRock Inc. raised its position in shares of Charter Communications by 4.1% in the second quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock worth $4,281,266,000 after buying an additional 496,574 shares in the last quarter. Capital World Investors raised its position in Charter Communications by 4.1% during the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock valued at $3,441,033,000 after purchasing an additional 402,167 shares in the last quarter. Finally, Allen Investment Management LLC purchased a new stake in Charter Communications during the second quarter valued at about $127,850,000. 72.22% of the stock is owned by institutional investors.
Shares of Charter Communications, Inc. (CHTR) traded up $2.58 during mid-day trading on Thursday, reaching $325.22. 2,064,063 shares of the company’s stock traded hands, compared to its average volume of 1,697,552. The stock has a market cap of $80,210.00, a PE ratio of 205.56, a P/E/G ratio of 6.16 and a beta of 1.06. Charter Communications, Inc. has a 1-year low of $275.34 and a 1-year 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 announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.77). The business had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. research analysts forecast that Charter Communications, Inc. will post 2.21 EPS for the current fiscal year.
In related news, CFO Christopher L. Winfrey bought 3,100 shares of the company’s stock in a transaction on Monday, October 30th. The shares were acquired at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the purchase, the chief financial officer now directly 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 SEC, which is available through the SEC website. Corporate insiders own 0.56% of the company’s stock.
CHTR has been the topic of a number of research reports. Telsey Advisory Group upgraded 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 research report on Wednesday, August 9th. UBS reaffirmed a “buy” rating and set a $450.00 price objective (up from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Citigroup raised their target price on Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Evercore ISI raised their target price on Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $420.00 target price on shares of Charter Communications in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average 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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