Cubist Systematic Strategies LLC lowered its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 52.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,493 shares of the company’s stock after selling 1,619 shares during the period. Cubist Systematic Strategies LLC’s holdings in Charter Communications were worth $543,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC lifted its position in Charter Communications by 43.3% during the second 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 period. Huntington National Bank purchased a new stake in Charter Communications during the third quarter valued at approximately $128,000. CLS Investments LLC increased its holdings 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 buying an additional 426 shares during the last quarter. Linscomb & Williams Inc. purchased a new stake in Charter Communications during the third quarter valued at approximately $211,000. Finally, Douglas Lane & Associates LLC purchased a new stake in Charter Communications during the third quarter valued at approximately $213,000. Hedge funds and other institutional investors own 72.16% of the company’s stock.
A number of brokerages have recently issued reports on CHTR. Evercore ISI increased their price objective on shares of Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Royal Bank of Canada reissued a “buy” rating and issued a $420.00 price objective on shares of Charter Communications in a research note on Monday, September 18th. Macquarie reissued a “buy” rating and issued a $430.00 price objective on shares of Charter Communications in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “hold” rating and issued a $365.00 price objective on shares of Charter Communications in a research note on Wednesday, October 4th. Finally, Moffett Nathanson reissued a “neutral” rating on shares of Charter Communications in a research note on Monday, October 16th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $382.53.
In other news, CFO Christopher L. Winfrey bought 3,100 shares of the stock in a transaction dated Monday, October 30th. The stock was purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the acquisition, the chief financial officer now owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.
Charter Communications, Inc. (CHTR) opened at $355.27 on Friday. Charter Communications, Inc. has a 12-month low of $292.84 and a 12-month 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. The company has a market cap of $87,220.00, a price-to-earnings ratio of 193.08, a price-to-earnings-growth ratio of 2.60 and a beta of 1.06.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). The business had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. Charter Communications’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 EPS. equities research analysts forecast that Charter Communications, Inc. will post 2.21 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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