Keybank National Association OH decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,961 shares of the company’s stock after selling 195 shares during the period. Keybank National Association OH’s holdings in Charter Communications were worth $1,803,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of CHTR. Janus Henderson Group PLC increased its stake in Charter Communications by 2,099.6% during the 2nd quarter. Janus Henderson Group PLC now owns 604,019 shares of the company’s stock valued at $203,464,000 after purchasing an additional 576,559 shares in the last quarter. BlackRock Inc. increased its stake in Charter Communications by 4.1% during the 2nd quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock valued at $4,281,266,000 after purchasing an additional 496,574 shares in the last quarter. Capital World Investors increased its stake in Charter Communications by 4.1% during the 2nd quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock valued at $3,441,033,000 after purchasing an additional 402,167 shares in the last quarter. Allen Investment Management LLC acquired a new position in Charter Communications during the 2nd quarter valued at approximately $127,850,000. Finally, Jennison Associates LLC increased its stake in Charter Communications by 10.1% during the 2nd quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock valued at $1,222,283,000 after purchasing an additional 331,597 shares in the last quarter. 73.97% of the stock is owned by institutional investors.
In other news, CFO Christopher L. Winfrey purchased 3,100 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares in the company, valued at $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.
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A number of brokerages have issued reports on CHTR. Citigroup Inc. upped their price target on shares of Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a research note on Tuesday, August 22nd. UBS AG restated a “buy” rating and set a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Telsey Advisory Group lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and cut their price target for the company from $450.00 to $340.00 in a research note on Tuesday, September 5th. BidaskClub upgraded shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG restated a “buy” rating and set a $410.00 price target (up previously from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. Thirteen research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $378.12.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at $338.44 on Friday. The company has a market cap of $84,139.57, a price-to-earnings ratio of 210.21, a P/E/G ratio of 5.26 and a beta of 1.09. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a 52-week low of $258.63 and a 52-week high of $408.83.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). The firm had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. equities analysts expect that Charter Communications, Inc. will post 2.77 EPS for the current year.
Charter Communications 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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