Bbva Compass Bancshares Inc. boosted its stake in Charter Communications Inc. (NASDAQ:CHTR) by 160.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,405 shares of the company’s stock after buying an additional 7,633 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Charter Communications were worth $2,836,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in CHTR. University of Notre Dame DU Lac raised its stake in shares of Charter Communications by 4.6% in the first quarter. University of Notre Dame DU Lac now owns 23,475 shares of the company’s stock valued at $4,752,000 after buying an additional 1,037 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Charter Communications by 4.8% in the first quarter. Geode Capital Management LLC now owns 488,639 shares of the company’s stock valued at $98,857,000 after buying an additional 22,436 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Charter Communications by 0.4% in the first quarter. UBS Asset Management Americas Inc. now owns 186,705 shares of the company’s stock valued at $37,794,000 after buying an additional 827 shares during the last quarter. UBS Group AG raised its stake in shares of Charter Communications by 9.3% in the first quarter. UBS Group AG now owns 46,434 shares of the company’s stock valued at $9,400,000 after buying an additional 3,969 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Charter Communications by 1.8% in the first quarter. State Street Corp now owns 1,416,494 shares of the company’s stock valued at $286,733,000 after buying an additional 25,457 shares during the last quarter. 77.23% of the stock is currently owned by institutional investors.
Shares of Charter Communications Inc. (NASDAQ:CHTR) traded down 0.091% during midday trading on Monday, hitting $257.355. The company had a trading volume of 483,974 shares. The stock has a market capitalization of $69.72 billion, a price-to-earnings ratio of 11.492 and a beta of 0.67. Charter Communications Inc. has a one year low of $156.13 and a one year high of $279.95. The stock’s 50-day moving average price is $266.62 and its 200-day moving average price is $235.20.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Tuesday, August 9th. The company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.28. The firm had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $1.66 billion. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted ($1.09) EPS. Analysts predict that Charter Communications Inc. will post $0.60 EPS for the current year.
Several brokerages have recently weighed in on CHTR. Pivotal Research lifted their price objective on Charter Communications from $333.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 26th. Macquarie raised their target price on Charter Communications from $286.00 to $289.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 28th. Citigroup Inc. raised their target price on Charter Communications from $270.00 to $318.00 and gave the stock a “buy” rating in a research report on Friday, September 30th. Morgan Stanley restated a “buy” rating and set a $300.00 target price on shares of Charter Communications in a research report on Monday, September 12th. Finally, Moffett Nathanson downgraded Charter Communications from a “buy” rating to a “neutral” rating and set a $305.00 target price for the company. in a research report on Tuesday, October 11th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $287.86.
In other news, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $258.15, for a total value of $774,450.00. Following the completion of the transaction, the director now directly owns 16,563 shares in the company, valued at approximately $4,275,738.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Hargis sold 7,233 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $253.21, for a total value of $1,831,467.93. Following the completion of the transaction, the executive vice president now owns 13,255 shares of the company’s stock, valued at $3,356,298.55. The disclosure for this sale can be found here. 1.51% of the stock is owned by company insiders.
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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