Shell Asset Management Co. bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,243 shares of the company’s stock, valued at approximately $4,449,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Meritage Group LP lifted its holdings in Charter Communications by 3.4% in the third quarter. Meritage Group LP now owns 2,819,596 shares of the company’s stock worth $1,024,698,000 after acquiring an additional 92,620 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Charter Communications by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,300,679 shares of the company’s stock valued at $836,081,000 after buying an additional 51,758 shares during the last quarter. Ameriprise Financial Inc. raised its holdings 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 valued at $503,237,000 after buying an additional 1,051,151 shares during the last quarter. Swiss National Bank raised its holdings in shares of Charter Communications by 1.1% during the third quarter. Swiss National Bank now owns 867,209 shares of the company’s stock valued at $315,161,000 after buying an additional 9,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Charter Communications by 1.7% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 660,618 shares of the company’s stock valued at $240,082,000 after buying an additional 10,868 shares during the last quarter. 73.29% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Jonathan Hargis sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 owns 34,931 shares in the company, valued at $12,741,431.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.
Charter Communications, Inc. (CHTR) opened at $365.66 on Tuesday. Charter Communications, Inc. has a 12 month low of $308.30 and a 12 month high of $408.83. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $87,212.10, a P/E ratio of 170.87, a P/E/G ratio of 3.08 and a beta of 1.14.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business earned $1.67 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts expect that Charter Communications, Inc. will post 4.55 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on CHTR shares. Citigroup reaffirmed a “buy” rating and set a $436.00 price target (down previously from $453.00) on shares of Charter Communications in a report on Wednesday, February 7th. Zacks Investment Research cut Charter Communications from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Royal Bank of Canada reaffirmed a “buy” rating and set a $400.00 price target on shares of Charter Communications in a report on Thursday, November 2nd. Buckingham Research started coverage on Charter Communications in a report on Wednesday, December 13th. They set a “buy” rating and a $415.00 price target on the stock. Finally, Pivotal Research reaffirmed a “buy” rating and set a $500.00 price target (up previously from $420.00) on shares of Charter Communications in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $400.89.
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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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