Hosking Partners LLP increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,039 shares of the company’s stock after purchasing an additional 2,038 shares during the period. Hosking Partners LLP’s holdings in Charter Communications were worth $10,092,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price Capital Management Inc. bought a new stake in Charter Communications in the fourth quarter valued at $101,000. Huntington National Bank bought a new stake in Charter Communications in the third quarter valued at $128,000. Northwestern Mutual Wealth Management Co. grew its position in Charter Communications by 109.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock valued at $137,000 after acquiring an additional 214 shares during the period. CLS Investments LLC grew its position in Charter Communications by 4,733.3% in the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after acquiring an additional 426 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in Charter Communications in the third quarter valued at $180,000. Institutional investors and hedge funds own 72.01% of the company’s stock.
Charter Communications, Inc. (NASDAQ CHTR) opened at $355.68 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $85,356.52, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 3.01 and a beta of 1.14. Charter Communications, Inc. has a one year low of $308.30 and a one year high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.60 billion. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share. sell-side analysts expect that Charter Communications, Inc. will post 4.55 EPS for the current year.
A number of analysts have weighed in on CHTR shares. TheStreet upgraded Charter Communications from a “c” rating to a “b+” rating in a research report on Friday, February 2nd. Moffett Nathanson upgraded Charter Communications from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Buckingham Research started coverage on Charter Communications in a research report on Wednesday, December 13th. They issued a “buy” rating and a $415.00 price target on the stock. Guggenheim upgraded Charter Communications from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, SunTrust Banks reiterated a “buy” rating and issued a $380.00 price target on shares of Charter Communications in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Charter Communications has an average rating of “Hold” and a consensus target price of $396.11.
In other Charter Communications news, EVP Jonathan Hargis sold 27,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total value of $9,848,520.00. Following the transaction, the executive vice president now owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by insiders.
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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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