Eos Focused Equity Management L.P. lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 39.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,509 shares of the company’s stock after selling 9,977 shares during the period. Charter Communications makes up 5.4% of Eos Focused Equity Management L.P.’s portfolio, making the stock its 7th largest position. Eos Focused Equity Management L.P.’s holdings in Charter Communications were worth $5,076,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Aperio Group LLC increased its position in shares of Charter Communications by 7.3% in the third quarter. Aperio Group LLC now owns 75,994 shares of the company’s stock worth $20,516,000 after buying an additional 5,201 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Charter Communications by 426.4% in the third quarter. Arizona State Retirement System now owns 65,800 shares of the company’s stock worth $17,764,000 after buying an additional 53,300 shares during the last quarter. NEXT Financial Group Inc raised its stake in shares of Charter Communications by 177.4% in the third quarter. NEXT Financial Group Inc now owns 932 shares of the company’s stock worth $252,000 after buying an additional 596 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of Charter Communications during the third quarter worth approximately $6,767,000. Finally, Nordea Investment Management AB raised its stake in shares of Charter Communications by 6.1% in the third quarter. Nordea Investment Management AB now owns 32,629 shares of the company’s stock worth $8,809,000 after buying an additional 1,881 shares in the last quarter. 79.53% of the stock is owned by institutional investors.
Charter Communications, Inc. (NASDAQ:CHTR) traded down 0.03% during trading on Friday, hitting $315.78. 1,915,804 shares of the stock traded hands. The stock has a market cap of $84.48 billion, a P/E ratio of 21.45 and a beta of 1.04. The company’s 50 day moving average price is $331.10 and its 200-day moving average price is $307.70. Charter Communications, Inc. has a 52-week low of $214.06 and a 52-week high of $350.38.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Tuesday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.42. The firm had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.26 billion. Charter Communications had a net margin of 13.87% and a return on equity of 0.62%. Charter Communications’s revenue for the quarter was up 301.7% on a year-over-year basis. During the same quarter last year, the company posted ($1.68) earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
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CHTR has been the subject of several recent analyst reports. Deutsche Bank AG upped their target price on Charter Communications from $300.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 17th. Evercore ISI reiterated an “overweight” rating on shares of Charter Communications in a research note on Monday, February 27th. Jefferies Group LLC increased their target price on Charter Communications from $280.00 to $310.00 and gave the stock a “hold” rating in a research report on Friday, February 17th. Moffett Nathanson downgraded Charter Communications from a “buy” rating to a “neutral” rating and set a $337.00 target price on the stock. in a research report on Wednesday, February 22nd. Finally, Zacks Investment Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, January 23rd. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $322.49.
In other news, Director David C. Merritt acquired 1,200 shares of Charter Communications stock in a transaction that occurred on Thursday, May 11th. The shares were purchased at an average cost of $326.31 per share, for a total transaction of $391,572.00. Following the completion of the purchase, the director now directly owns 8,174 shares of the company’s stock, valued at approximately $2,667,257.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig A. Jacobson sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $323.62, for a total value of $323,620.00. Following the completion of the sale, the director now owns 13,436 shares in the company, valued at $4,348,158.32. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.
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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