East Coast Asset Management LLC. lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 55,223 shares of the company’s stock after selling 2,119 shares during the period. Charter Communications comprises about 5.0% of East Coast Asset Management LLC.’s holdings, making the stock its 8th biggest position. East Coast Asset Management LLC.’s holdings in Charter Communications were worth $18,553,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Price Capital Management Inc. acquired a new position in shares of Charter Communications during the fourth quarter worth approximately $101,000. Huntington National Bank acquired a new position in shares of Charter Communications during the third quarter worth approximately $128,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Charter Communications by 109.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock worth $137,000 after buying an additional 214 shares during the last quarter. CLS Investments LLC lifted its holdings in shares of Charter Communications by 4,733.3% during the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after buying an additional 426 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Charter Communications by 16,866.7% during the fourth quarter. Valeo Financial Advisors LLC now owns 509 shares of the company’s stock worth $171,000 after buying an additional 506 shares during the last quarter. 73.29% of the stock is owned by hedge funds and other institutional investors.
Charter Communications, Inc. (NASDAQ:CHTR) opened at $358.77 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 $87,212.10, a price-to-earnings ratio of 10.01, a P/E/G ratio of 3.08 and a beta of 1.14. Charter Communications, Inc. has a 12 month low of $308.30 and a 12 month high of $408.83.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 2nd. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $10.60 billion during 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%. Charter Communications’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. research analysts predict that Charter Communications, Inc. will post 4.55 EPS for the current fiscal year.
In related news, EVP Jonathan Hargis sold 27,000 shares of the company’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 completion of the transaction, the executive vice president now directly owns 34,931 shares in the company, valued at $12,741,431.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.
A number of brokerages have recently commented on CHTR. Royal Bank of Canada upped their price target on Charter Communications to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Citigroup reiterated a “buy” rating and set a $436.00 price target (down from $453.00) on shares of Charter Communications in a report on Wednesday, February 7th. TheStreet upgraded Charter Communications from a “c” rating to a “b+” rating in a report on Friday, February 2nd. Finally, SunTrust Banks upped their price target on Charter Communications to $440.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Charter Communications has an average rating of “Hold” and an average price target of $400.89.
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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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