Gyroscope Capital Management Group LLC bought a new position in shares of Charter Communications Inc (NASDAQ:CHTR) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $833,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CHTR. Pacer Advisors Inc. raised its position in Charter Communications by 5.7% in the 3rd quarter. Pacer Advisors Inc. now owns 32,480 shares of the company’s stock valued at $13,386,000 after purchasing an additional 1,752 shares in the last quarter. Gradient Investments LLC raised its position in Charter Communications by 984.8% in the 3rd quarter. Gradient Investments LLC now owns 358 shares of the company’s stock valued at $148,000 after purchasing an additional 325 shares in the last quarter. Gofen & Glossberg LLC IL raised its position in Charter Communications by 3.1% in the 3rd quarter. Gofen & Glossberg LLC IL now owns 1,344 shares of the company’s stock valued at $554,000 after purchasing an additional 40 shares in the last quarter. Addison Capital Co acquired a new stake in Charter Communications in the 3rd quarter valued at about $318,000. Finally, Carroll Financial Associates Inc. raised its position in Charter Communications by 50.2% in the 3rd quarter. Carroll Financial Associates Inc. now owns 676 shares of the company’s stock valued at $278,000 after purchasing an additional 226 shares in the last quarter. 72.32% of the stock is currently owned by hedge funds and other institutional investors.
CHTR has been the topic of a number of analyst reports. Citigroup increased their price target on Charter Communications from $455.00 to $483.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $480.00 price target on shares of Charter Communications in a research report on Monday, July 29th. Cowen increased their price target on Charter Communications from $413.00 to $433.00 and gave the company an “in-line” rating in a research report on Monday, July 29th. Nomura increased their price target on Charter Communications from $350.00 to $380.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $500.00 price target on shares of Charter Communications in a research report on Friday, July 26th. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $427.42.
Shares of CHTR traded up $0.91 during mid-day trading on Friday, reaching $427.84. The company’s stock had a trading volume of 520,385 shares, compared to its average volume of 1,216,169. Charter Communications Inc has a 12-month low of $272.91 and a 12-month high of $432.16. The stock has a market cap of $94.81 billion, a PE ratio of 81.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.34 and a quick ratio of 0.34. The company’s 50 day moving average is $415.07 and its 200 day moving average is $389.53.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. The business had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same quarter in the previous year, the company posted $1.15 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Charter Communications Inc will post 6.6 EPS for the current fiscal year.
In other news, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the transaction, the director now owns 11,773 shares in the company, valued at approximately $4,588,879.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.84% of the company’s stock.
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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