Wedge Capital Management L L P NC bought a new position in shares of Charter Communications Inc (NASDAQ:CHTR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 487 shares of the company’s stock, valued at approximately $201,000.
Other large investors also recently modified their holdings of the company. Whitener Capital Management Inc. raised its stake in Charter Communications by 16.8% during the second quarter. Whitener Capital Management Inc. now owns 209 shares of the company’s stock valued at $82,000 after purchasing an additional 30 shares in the last quarter. Osborn Williams & Donohoe LLC raised its stake in shares of Charter Communications by 2.2% in the third quarter. Osborn Williams & Donohoe LLC now owns 1,393 shares of the company’s stock valued at $574,000 after acquiring an additional 30 shares during the period. Delta Investment Management LLC raised its stake in shares of Charter Communications by 0.3% in the second quarter. Delta Investment Management LLC now owns 10,877 shares of the company’s stock valued at $4,298,000 after acquiring an additional 34 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Charter Communications by 3.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,001 shares of the company’s stock valued at $395,000 after acquiring an additional 34 shares during the period. Finally, Asset Dedication LLC increased its stake in Charter Communications by 7.3% in the 2nd quarter. Asset Dedication LLC now owns 573 shares of the company’s stock worth $227,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors own 72.58% of the company’s stock.
In other Charter Communications news, CMO Jonathan Hargis sold 1,234 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $464.80, for a total transaction of $573,563.20. Following the completion of the transaction, the chief marketing officer now directly owns 12,895 shares of the company’s stock, valued at approximately $5,993,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $474.47, for a total transaction of $569,364.00. Following the transaction, the director now directly owns 9,276 shares of the company’s stock, valued at $4,401,183.72. The disclosure for this sale can be found here. Insiders have sold a total of 3,434 shares of company stock valued at $1,603,797 over the last three months. 0.84% of the stock is currently owned by insiders.
Charter Communications stock traded up $1.31 during midday trading on Friday, hitting $469.75. 770,100 shares of the company’s stock were exchanged, compared to its average volume of 1,160,188. The company has a market cap of $101.64 billion, a PE ratio of 89.99, a P/E/G ratio of 1.84 and a beta of 1.23. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50-day moving average of $438.26 and a two-hundred day moving average of $403.79. Charter Communications Inc has a 12 month low of $272.91 and a 12 month high of $479.18.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, October 25th. The company reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.08. Charter Communications had a net margin of 2.76% and a return on equity of 2.91%. The firm had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.42 billion. During the same period last year, the firm posted $2.11 EPS. Charter Communications’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts expect that Charter Communications Inc will post 6.78 earnings per share for the current year.
Several research analysts recently commented on the stock. Bank of America reaffirmed a “buy” rating and issued a $450.00 price target (up previously from $425.00) on shares of Charter Communications in a research note on Tuesday, July 30th. Nomura raised their price target on shares of Charter Communications from $350.00 to $380.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. BidaskClub raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Sanford C. Bernstein assumed coverage on shares of Charter Communications in a research note on Wednesday, October 16th. They issued an “outperform” rating on the stock. Finally, Benchmark raised their price target on shares of Charter Communications from $496.00 to $514.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $467.24.
Charter Communications Company Profile
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.
Read More: Blue-Chip Stocks
Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications Inc (NASDAQ:CHTR).
Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.