Sciencast Management LP grew its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 179.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,820 shares of the company’s stock after purchasing an additional 4,378 shares during the period. Charter Communications makes up about 0.9% of Sciencast Management LP’s holdings, making the stock its 4th largest position. Sciencast Management LP’s holdings in Charter Communications were worth $3,418,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of CHTR. Nuveen Asset Management LLC boosted its position in shares of Charter Communications by 13,657.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 684,700 shares of the company’s stock worth $270,579,000 after purchasing an additional 679,723 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd purchased a new stake in shares of Charter Communications during the 2nd quarter worth $159,437,000. Morgan Stanley raised its stake in shares of Charter Communications by 101.1% during the 2nd quarter. Morgan Stanley now owns 485,487 shares of the company’s stock worth $191,856,000 after buying an additional 244,117 shares during the last quarter. Cryder Capital Partners LLP acquired a new position in shares of Charter Communications during the 3rd quarter worth $91,128,000. Finally, Bristol John W & Co. Inc. NY acquired a new position in shares of Charter Communications during the 3rd quarter worth $77,454,000. Institutional investors own 72.76% of the company’s stock.
In related news, CMO Jonathan Hargis sold 1,234 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $464.80, for a total value of $573,563.20. Following the completion of the transaction, the chief marketing officer now owns 12,895 shares of the company’s stock, valued at approximately $5,993,596. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance Conn sold 1,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $460.87, for a total transaction of $460,870.00. Following the transaction, the director now directly owns 7,552 shares of the company’s stock, valued at approximately $3,480,490.24. The disclosure for this sale can be found here. Insiders sold a total of 4,434 shares of company stock valued at $2,103,797 in the last three months. 0.84% of the stock is currently owned by corporate insiders.
Shares of CHTR stock opened at $515.40 on Thursday. The firm has a 50-day moving average price of $481.94 and a 200 day moving average price of $436.95. Charter Communications Inc has a twelve month low of $279.33 and a twelve month high of $517.07. The company has a market capitalization of $109.46 billion, a price-to-earnings ratio of 98.74, a PEG ratio of 0.98 and a beta of 1.19. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.76.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, October 25th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.08. Charter Communications had a net margin of 2.76% and a return on equity of 2.91%. The firm had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.42 billion. During the same quarter in the previous year, the company posted $2.11 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts predict that Charter Communications Inc will post 6.9 earnings per share for the current year.
Several research analysts have recently issued reports on the company. ValuEngine raised Charter Communications from a “sell” rating to a “hold” rating in a research note on Saturday, January 4th. TD Securities lifted their price target on Charter Communications from $490.00 to $495.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Deutsche Bank lifted their price target on Charter Communications from $440.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, SunTrust Banks lifted their price target on Charter Communications to $495.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $460.76.
Charter Communications 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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