Addison Capital Co cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 71.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,260 shares of the company’s stock after selling 3,095 shares during the quarter. Addison Capital Co’s holdings in Charter Communications were worth $423,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in CHTR. TRUE Private Wealth Advisors boosted its stake in shares of Charter Communications by 16.4% during the fourth quarter. TRUE Private Wealth Advisors now owns 1,353 shares of the company’s stock valued at $454,000 after purchasing an additional 191 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Charter Communications by 499.5% during the fourth quarter. State of Alaska Department of Revenue now owns 21,006 shares of the company’s stock valued at $7,054,000 after purchasing an additional 17,502 shares in the last quarter. First Bank & Trust boosted its stake in shares of Charter Communications by 49.7% during the fourth quarter. First Bank & Trust now owns 1,069 shares of the company’s stock valued at $359,000 after purchasing an additional 355 shares in the last quarter. Westpac Banking Corp boosted its stake in shares of Charter Communications by 4.9% during the fourth quarter. Westpac Banking Corp now owns 27,695 shares of the company’s stock valued at $9,304,000 after purchasing an additional 1,301 shares in the last quarter. Finally, Sterling Investment Management Inc. boosted its stake in shares of Charter Communications by 2.9% during the fourth quarter. Sterling Investment Management Inc. now owns 7,662 shares of the company’s stock valued at $2,574,000 after purchasing an additional 216 shares in the last quarter. 72.15% of the stock is currently owned by institutional investors and hedge funds.
CHTR has been the topic of a number of recent research reports. Zacks Investment Research raised Charter Communications from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Barclays cut their price target on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. Robert W. Baird reissued a “hold” rating and set a $365.00 price target on shares of Charter Communications in a research note on Wednesday, October 4th. Moffett Nathanson raised Charter Communications from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Buckingham Research initiated coverage on Charter Communications in a research note on Wednesday, December 13th. They set a “buy” rating and a $415.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $382.53.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. Charter Communications’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. analysts predict that Charter Communications, Inc. will post 2.21 EPS for the current year.
In other Charter Communications news, CFO Christopher L. Winfrey bought 3,100 shares of the stock in a transaction on Monday, October 30th. The stock was acquired at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the acquisition, the chief financial officer now owns 49,916 shares in the company, valued at approximately $16,153,316.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is owned by insiders.
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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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