APG Asset Management N.V. continued to hold its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 372,236 shares of the company’s stock at the end of the second quarter. APG Asset Management N.V. owned about 0.14% of Charter Communications worth $125,388,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Burt Wealth Advisors acquired a new position in shares of Charter Communications during the first quarter worth about $115,000. Quadrant Capital Group LLC raised its position in shares of Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock worth $197,000 after buying an additional 3 shares during the period. Trust Co acquired a new position in shares of Charter Communications during the fourth quarter worth about $200,000. Boston Family Office LLC acquired a new position in shares of Charter Communications during the first quarter worth about $202,000. Finally, Dowling & Yahnke LLC acquired a new position in shares of Charter Communications during the first quarter worth about $203,000. Institutional investors and hedge funds own 77.76% of the company’s stock.
Charter Communications, Inc. (NASDAQ CHTR) traded down 1.05% during midday trading on Friday, reaching $394.49. The company’s stock had a trading volume of 2,399,848 shares. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83. The company’s 50-day moving average price is $355.52 and its 200-day moving average price is $335.77. The company has a market capitalization of $101.73 billion, a price-to-earnings ratio of 113.00 and a beta of 1.09.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.38 billion. During the same period in the previous year, the company posted $0.99 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts predict that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
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A number of equities analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a research report on Wednesday, June 28th. Morgan Stanley lifted their price objective on shares of Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Macquarie reiterated a “buy” rating and issued a $365.00 price objective on shares of Charter Communications in a research report on Tuesday, May 2nd. Deutsche Bank AG lowered their price objective on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, May 4th. Finally, HSBC Holdings plc reiterated a “hold” rating and issued a $360.00 price objective (up from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $361.46.
About Charter Communications
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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