Nisa Investment Advisors LLC trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 2.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,074 shares of the company’s stock after selling 998 shares during the period. Nisa Investment Advisors LLC’s holdings in Charter Communications were worth $16,823,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Charter Communications by 2.4% in the second quarter. Vanguard Group Inc. now owns 13,814,543 shares of the company’s stock worth $4,653,428,000 after buying an additional 321,938 shares in the last quarter. Capital World Investors increased its position in shares of Charter Communications by 4.1% in the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock worth $3,441,033,000 after purchasing an additional 402,167 shares during the last quarter. Meritage Group LP increased its position in shares of Charter Communications by 3.4% in the third quarter. Meritage Group LP now owns 2,819,596 shares of the company’s stock worth $1,024,698,000 after purchasing an additional 92,620 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Charter Communications by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,300,679 shares of the company’s stock worth $836,081,000 after purchasing an additional 51,758 shares during the last quarter. Finally, Harris Associates L P increased its position in shares of Charter Communications by 19.2% in the second quarter. Harris Associates L P now owns 2,040,836 shares of the company’s stock worth $687,456,000 after purchasing an additional 328,988 shares during the last quarter. 72.16% of the stock is currently owned by hedge funds and other institutional investors.
Charter Communications, Inc. (NASDAQ:CHTR) opened at $354.00 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a fifty-two week low of $292.84 and a fifty-two week high of $408.83. The stock has a market cap of $88,323.67, a P/E ratio of 220.66, a PEG ratio of 2.63 and a beta of 1.05.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The firm had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts forecast that Charter Communications, Inc. will post 2.21 EPS for the current fiscal year.
In other news, CFO Christopher L. Winfrey bought 3,100 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were purchased at an average price 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 of the company’s stock, valued at $16,153,316.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.56% of the stock is currently owned by company insiders.
Several research analysts recently weighed in on CHTR shares. Evercore ISI upped their price objective on shares of Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Royal Bank of Canada restated a “buy” rating and issued a $420.00 price objective on shares of Charter Communications in a research report on Monday, September 18th. Macquarie restated a “buy” rating and issued a $430.00 price objective on shares of Charter Communications in a research report on Tuesday, October 3rd. Robert W. Baird restated a “hold” rating and issued a $365.00 price objective on shares of Charter Communications in a research report on Wednesday, October 4th. Finally, Moffett Nathanson restated a “neutral” rating on shares of Charter Communications in a research report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. Charter Communications currently has an average rating of “Hold” and an average target price of $382.53.
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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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