Gamco Investors INC. ET AL decreased its holdings in shares of Charter Communications Inc (NASDAQ:CHTR) by 38.4% during the 1st quarter, HoldingsChannel reports. The firm owned 6,459 shares of the company’s stock after selling 4,025 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Charter Communications were worth $2,241,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. We Are One Seven LLC bought a new position in Charter Communications in the fourth quarter worth approximately $26,000. Massey Quick Simon & CO. LLC bought a new position in Charter Communications in the fourth quarter worth approximately $29,000. Whitener Capital Management Inc. bought a new position in Charter Communications in the fourth quarter worth approximately $29,000. Hanson McClain Inc. boosted its holdings in Charter Communications by 157.8% in the fourth quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock worth $33,000 after acquiring an additional 71 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Charter Communications by 47.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 142 shares of the company’s stock worth $41,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 74.48% of the company’s stock.
Shares of Charter Communications stock opened at $373.15 on Wednesday. The company has a market capitalization of $82.41 billion, a PE ratio of 71.48, a P/E/G ratio of 1.16 and a beta of 1.40. Charter Communications Inc has a 52 week low of $259.48 and a 52 week high of $378.36. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.23). The company had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.20 billion. Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. On average, equities research analysts predict that Charter Communications Inc will post 7.4 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. UBS Group increased their price target on Charter Communications from $383.00 to $421.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Macquarie lowered Charter Communications from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 9th. They noted that the move was a valuation call. Royal Bank of Canada lowered Charter Communications from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $400.00 to $375.00 in a report on Friday, March 29th. ValuEngine upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, BidaskClub upgraded Charter Communications from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Charter Communications currently has a consensus rating of “Buy” and an average target price of $365.88.
In related news, EVP Richard R. Dykhouse sold 2,019 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $348.83, for a total transaction of $704,287.77. Following the completion of the sale, the executive vice president now directly owns 9,880 shares of the company’s stock, valued at $3,446,440.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John D. Markley, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $350.09, for a total value of $350,090.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,344 shares of company stock valued at $1,551,491. Company insiders own 0.84% of the company’s stock.
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Charter Communications Company Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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