Nisa Investment Advisors LLC lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,074 shares of the company’s stock after selling 998 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Charter Communications were worth $16,823,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in CHTR. Eaton Vance Management increased its stake in Charter Communications by 14.7% during the 2nd quarter. Eaton Vance Management now owns 18,948 shares of the company’s stock valued at $6,383,000 after purchasing an additional 2,422 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Charter Communications by 4.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 333,574 shares of the company’s stock valued at $112,362,000 after purchasing an additional 13,889 shares in the last quarter. Amalgamated Bank increased its stake in Charter Communications by 50.6% during the 2nd quarter. Amalgamated Bank now owns 23,258 shares of the company’s stock valued at $7,834,000 after purchasing an additional 7,815 shares in the last quarter. BlueMountain Capital Management LLC increased its stake in Charter Communications by 1.6% during the 2nd quarter. BlueMountain Capital Management LLC now owns 171,907 shares of the company’s stock valued at $57,907,000 after purchasing an additional 2,741 shares in the last quarter. Finally, Concourse Capital Management LLC increased its stake in Charter Communications by 51.5% during the 2nd quarter. Concourse Capital Management LLC now owns 49,191 shares of the company’s stock valued at $16,570,000 after purchasing an additional 16,730 shares in the last quarter. Institutional investors and hedge funds own 72.16% of the company’s stock.
Charter Communications, Inc. (NASDAQ:CHTR) opened at $354.00 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. The firm has a market cap of $88,323.67, a PE ratio of 220.66, a P/E/G ratio of 2.63 and a beta of 1.05. Charter Communications, Inc. has a fifty-two week low of $292.84 and a fifty-two week high of $408.83.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion during the quarter, compared to analysts’ expectations of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. Charter Communications’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. analysts predict that Charter Communications, Inc. will post 2.21 earnings per share for the current fiscal year.
CHTR has been the subject of a number of recent research reports. Barclays decreased their price target on shares of Charter Communications from $354.00 to $283.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 26th. Macquarie restated a “buy” rating on shares of Charter Communications in a research note on Sunday, October 29th. Buckingham Research initiated coverage on shares of Charter Communications in a research note on Wednesday, December 13th. They set a “buy” rating and a $415.00 price target for the company. Finally, Evercore ISI boosted their price target on shares of Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a research note on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Charter Communications currently has a consensus rating of “Hold” and an average target price of $382.53.
In related news, CFO Christopher L. Winfrey purchased 3,100 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average cost of $323.61 per share, with a total value 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is currently owned by insiders.
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About Charter Communications
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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