Shell Asset Management Co. grew its holdings in Charter Communications Inc (NASDAQ:CHTR) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 10,465 shares of the company’s stock after purchasing an additional 343 shares during the quarter. Shell Asset Management Co.’s holdings in Charter Communications were worth $3,630,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of CHTR. We Are One Seven LLC acquired a new stake in Charter Communications in the fourth quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC purchased a new stake in Charter Communications in the fourth quarter worth approximately $29,000. Whitener Capital Management Inc. bought a new position in Charter Communications in the fourth quarter worth approximately $29,000. Hanson McClain Inc. raised its position in Charter Communications by 157.8% in the fourth quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock worth $33,000 after acquiring an additional 71 shares during the period. Finally, Rational Advisors LLC raised its position in Charter Communications by 230.3% in the first quarter. Rational Advisors LLC now owns 109 shares of the company’s stock worth $38,000 after acquiring an additional 76 shares during the period. 74.02% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on CHTR. Credit Suisse Group reiterated a “neutral” rating and issued a $345.00 price target (up from $294.00) on shares of Charter Communications in a research report on Friday, February 1st. UBS Group increased their price target on shares of Charter Communications from $383.00 to $421.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. BidaskClub downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. ValuEngine upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Finally, Royal Bank of Canada set a $400.00 price target on shares of Charter Communications and gave the stock a “buy” rating in a research report on Saturday, February 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $365.88.
In related news, Director Craig A. Jacobson sold 1,325 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $375.18, for a total transaction of $497,113.50. Following the completion of the transaction, the director now directly owns 12,773 shares of the company’s stock, valued at $4,792,174.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard R. Dykhouse sold 2,019 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $348.83, for a total transaction of $704,287.77. Following the transaction, the executive vice president now directly owns 9,880 shares of the company’s stock, valued at $3,446,440.40. The disclosure for this sale can be found here. 0.84% of the stock is owned by company insiders.
Shares of CHTR stock opened at $375.00 on Friday. The firm has a market cap of $83.78 billion, a PE ratio of 71.84, a PEG ratio of 1.19 and a beta of 1.40. Charter Communications Inc has a one year low of $259.48 and a one year high of $387.41. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 0.31.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.23). The firm had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.20 billion. Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. On average, equities analysts forecast that Charter Communications Inc will post 7.4 EPS for the current fiscal year.
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About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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