Gotham Asset Management LLC Takes Position in Charter Communications, Inc. (CHTR)

Gotham Asset Management LLC bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the first quarter, according to its most recent disclosure with the SEC. The fund bought 4,540 shares of the company’s stock, valued at approximately $1,486,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in Charter Communications by 2,782.4% in the first quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock valued at $3,997,603,000 after buying an additional 11,789,426 shares during the last quarter. Dodge & Cox purchased a new stake in Charter Communications during the fourth quarter valued at $2,981,844,000. Norges Bank purchased a new stake in Charter Communications during the fourth quarter valued at $425,042,000. FMR LLC increased its stake in Charter Communications by 12.4% in the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after buying an additional 1,165,353 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Charter Communications by 32.3% in the first quarter. Jennison Associates LLC now owns 3,286,979 shares of the company’s stock valued at $1,075,894,000 after buying an additional 801,716 shares during the last quarter. Hedge funds and other institutional investors own 74.44% of the company’s stock.

Charter Communications, Inc. (NASDAQ:CHTR) traded up 0.92% during trading on Friday, reaching $370.26. The company had a trading volume of 1,600,282 shares. The stock has a market capitalization of $95.48 billion, a price-to-earnings ratio of 106.06 and a beta of 1.07. Charter Communications, Inc. has a 1-year low of $233.00 and a 1-year high of $372.37. The firm has a 50-day moving average of $340.47 and a 200-day moving average of $329.75.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.38 billion. During the same period in the prior year, the firm posted $0.99 EPS. Charter Communications’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts anticipate that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.

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Several analysts have weighed in on the company. Pivotal Research reiterated a “buy” rating on shares of Charter Communications in a research note on Sunday. Morgan Stanley boosted their price target on Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Wells Fargo & Company reiterated a “market perform” rating on shares of Charter Communications in a research note on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $333.92.

In other news, EVP Jonathan Hargis sold 6,000 shares of Charter Communications stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $325.75, for a total transaction of $1,954,500.00. Following the completion of the sale, the executive vice president now directly owns 13,049 shares in the company, valued at approximately $4,250,711.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David C. Merritt purchased 1,200 shares of Charter Communications stock in a transaction dated Thursday, May 11th. The shares were bought at an average price of $326.31 per share, with a total value of $391,572.00. Following the completion of the transaction, the director now owns 8,174 shares in the company, valued at approximately $2,667,257.94. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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