LMR Partners LLP lowered its position in Charter Communications Inc. (NASDAQ:CHTR) by 84.5% during the second quarter, Holdings Channel reports. The firm owned 13,485 shares of the company’s stock after selling 73,515 shares during the period. LMR Partners LLP’s holdings in Charter Communications were worth $3,083,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Aperio Group LLC boosted its stake in shares of Charter Communications by 9.7% in the first quarter. Aperio Group LLC now owns 20,873 shares of the company’s stock worth $4,225,000 after buying an additional 1,842 shares during the period. Virginia Retirement System purchased a new position in Charter Communications during the first quarter worth $276,000. Teachers Advisors Inc. boosted its position in Charter Communications by 7.2% in the first quarter. Teachers Advisors Inc. now owns 130,593 shares of the company’s stock worth $26,436,000 after buying an additional 8,792 shares during the last quarter. Prudential Financial Inc. boosted its position in Charter Communications by 12.2% in the first quarter. Prudential Financial Inc. now owns 6,430 shares of the company’s stock worth $1,302,000 after buying an additional 700 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in Charter Communications by 0.4% in the first quarter. BlackRock Group LTD now owns 519,863 shares of the company’s stock worth $105,237,000 after buying an additional 2,207 shares during the last quarter. 77.10% of the stock is owned by hedge funds and other institutional investors.
Shares of Charter Communications Inc. (NASDAQ:CHTR) traded down 0.12% during midday trading on Wednesday, hitting $267.08. 1,333,435 shares of the company’s stock traded hands. The firm has a market capitalization of $72.36 billion, a price-to-earnings ratio of 11.93 and a beta of 0.67. Charter Communications Inc. has a 1-year low of $156.13 and a 1-year high of $279.95. The company has a 50 day moving average price of $264.68 and a 200 day moving average price of $232.39.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Tuesday, August 9th. The company reported $0.99 EPS for the quarter, topping the 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 net margin of 20.59% and a return on equity of 0.19%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted ($1.09) EPS. Equities analysts anticipate that Charter Communications Inc. will post $0.60 earnings per share for the current year.
CHTR has been the subject of a number of analyst reports. Morgan Stanley reissued a “buy” rating and issued a $300.00 price objective on shares of Charter Communications in a research report on Monday, September 12th. Citigroup Inc. upped their price objective on shares of Charter Communications from $270.00 to $318.00 and gave the company a “buy” rating in a research report on Friday, September 30th. TheStreet raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Wunderlich upped their price objective on shares of Charter Communications from $254.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, June 20th. Finally, Pivotal Research upped their price objective on shares of Charter Communications from $285.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $282.44.
In other Charter Communications news, EVP Jonathan Hargis sold 7,233 shares of the firm’s 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 sale, the executive vice president now directly owns 13,255 shares in the company, valued at approximately $3,356,298.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mauricio Ramos purchased 1,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was bought at an average price of $255.00 per share, for a total transaction of $255,000.00. Following the completion of the transaction, the director now directly owns 1,997 shares in the company, valued at $509,235. The disclosure for this purchase can be found here. 1.51% of the stock is currently owned by company insiders.
Charter Communications Company Profile
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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