Bronson Point Management LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $6,719,000. Charter Communications comprises about 1.8% of Bronson Point Management LLC’s investment portfolio, making the stock its 22nd biggest holding.
Several other institutional investors have also made changes to their positions in CHTR. Kings Point Capital Management increased its holdings in Charter Communications by 68.4% in the 4th quarter. Kings Point Capital Management now owns 347 shares of the company’s stock worth $117,000 after acquiring an additional 141 shares during the last quarter. MML Investors Services LLC increased its holdings in Charter Communications by 15.8% in the 4th quarter. MML Investors Services LLC now owns 1,046 shares of the company’s stock worth $351,000 after acquiring an additional 143 shares during the last quarter. Hosking Partners LLP boosted its stake in Charter Communications by 0.6% in the 3rd quarter. Hosking Partners LLP now owns 28,001 shares of the company’s stock worth $10,176,000 after purchasing an additional 156 shares during the period. Mackenzie Financial Corp boosted its stake in Charter Communications by 27.7% in the 4th quarter. Mackenzie Financial Corp now owns 774 shares of the company’s stock worth $260,000 after purchasing an additional 168 shares during the period. Finally, Aureus Asset Management LLC boosted its stake in Charter Communications by 0.4% in the 3rd quarter. Aureus Asset Management LLC now owns 44,829 shares of the company’s stock worth $16,292,000 after purchasing an additional 172 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.
Shares of Charter Communications, Inc. (NASDAQ CHTR) traded up $2.62 during trading on Friday, reaching $342.17. The company’s stock had a trading volume of 2,846,303 shares, compared to its average volume of 1,086,084. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. The stock has a market cap of $80,984.71, a PE ratio of 9.55, a P/E/G ratio of 3.74 and a beta of 1.20. 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 results on Friday, February 2nd. The company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.01. The business 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%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. sell-side analysts forecast that Charter Communications, Inc. will post 4.32 earnings per share for the current year.
In other news, EVP Jonathan Hargis sold 27,000 shares of the business’s stock in a transaction that occurred on 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 $12,741,431.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by insiders.
Several research analysts have commented on the company. Wells Fargo upgraded Charter Communications from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $387.50 to $460.00 in a research note on Monday, February 5th. Pivotal Research restated a “buy” rating and issued a $500.00 target price (up previously from $420.00) on shares of Charter Communications in a research note on Monday, February 5th. Barclays raised their target price on Charter Communications from $283.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, February 5th. Zacks Investment Research downgraded Charter Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, SunTrust Banks lifted their price target on Charter Communications to $440.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $407.17.
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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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