Triple Frond Partners LLC lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR – Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 153,725 shares of the company’s stock after selling 6,755 shares during the period. Charter Communications comprises about 3.3% of Triple Frond Partners LLC’s holdings, making the stock its 12th largest position. Triple Frond Partners LLC owned 0.12% of Charter Communications worth $32,090,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dodge & Cox increased its position in shares of Charter Communications by 6.1% during the third quarter. Dodge & Cox now owns 11,807,549 shares of the company’s stock worth $3,248,316,000 after purchasing an additional 681,063 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Charter Communications by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock worth $2,139,330,000 after purchasing an additional 885,935 shares in the last quarter. State Street Corp increased its position in shares of Charter Communications by 22.7% during the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after purchasing an additional 1,475,383 shares in the last quarter. Capital Research Global Investors increased its position in shares of Charter Communications by 304.9% during the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock worth $1,005,222,000 after purchasing an additional 3,626,135 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Charter Communications by 119.6% during the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock worth $619,885,000 after purchasing an additional 1,617,148 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.
Insider Buying and Selling
In other Charter Communications news, Director Thomas Rutledge sold 18,200 shares of Charter Communications stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total value of $2,674,308.00. Following the sale, the director owned 3,968 shares of the company’s stock, valued at approximately $583,057.92. The trade was a 82.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wade Davis acquired 5,728 shares of the stock in a transaction on Tuesday, April 28th. The stock was acquired at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the acquisition, the director directly owned 6,925 shares in the company, valued at $1,203,011. This represents a 478.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 20,125 shares of company stock worth $3,167,116 in the last three months. Company insiders own 1.10% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Charter Communications
Charter Communications Stock Performance
Shares of CHTR stock opened at $145.82 on Friday. The stock has a market capitalization of $17.93 billion, a PE ratio of 3.94, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71. Charter Communications, Inc. has a 52-week low of $126.70 and a 52-week high of $422.29. The stock’s 50-day moving average price is $173.50 and its 200 day moving average price is $199.21. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56.
Charter Communications (NASDAQ:CHTR – Get Free Report) last announced its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. During the same period in the prior year, the firm posted $8.42 EPS. Charter Communications’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications, Inc. will post 43 EPS for the current year.
Charter Communications Profile
Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.
The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.
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