American International Group Inc. lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 74,256 shares of the company’s stock after selling 285 shares during the quarter. American International Group Inc.’s holdings in Charter Communications were worth $24,947,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Parametrica Management Ltd bought a new position in Charter Communications in the 3rd quarter worth about $226,000. Intl Fcstone Inc. purchased a new stake in shares of Charter Communications in the 2nd quarter valued at about $807,000. Selz Capital LLC purchased a new stake in shares of Charter Communications in the 4th quarter valued at about $14,446,000. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Charter Communications by 25.7% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 13,274 shares of the company’s stock valued at $4,824,000 after acquiring an additional 2,711 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Charter Communications by 3.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,564 shares of the company’s stock valued at $11,834,000 after acquiring an additional 1,140 shares in the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.
Several research firms have weighed in on CHTR. SunTrust Banks raised their price target on Charter Communications to $440.00 and gave the company a “buy” rating in a report on Monday, February 5th. TheStreet raised Charter Communications from a “c” rating to a “b+” rating in a report on Friday, February 2nd. Citigroup reaffirmed a “buy” rating and issued a $436.00 price target (down previously from $453.00) on shares of Charter Communications in a report on Wednesday, February 7th. Pivotal Research reaffirmed a “buy” rating and issued a $500.00 price target (up previously from $420.00) on shares of Charter Communications in a report on Monday, February 5th. Finally, Royal Bank of Canada raised their price target on Charter Communications to $420.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $400.89.
Charter Communications, Inc. (NASDAQ CHTR) opened at $365.66 on Monday. The firm has a market capitalization of $87,210.00, a PE ratio of 10.73, a P/E/G ratio of 3.08 and a beta of 1.15. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.43. Charter Communications, Inc. has a 1-year low of $308.30 and a 1-year high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. Charter Communications’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $1.67 EPS. research analysts anticipate that Charter Communications, Inc. will post 4.55 earnings per share for the current year.
In related news, EVP Jonathan Hargis sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the transaction, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at approximately $12,741,431.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.56% of the company’s stock.
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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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