Rothschild Asset Management Inc. lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,275 shares of the company’s stock after selling 3 shares during the period. Rothschild Asset Management Inc.’s holdings in Charter Communications were worth $429,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in CHTR. BlackRock Inc. raised its stake in Charter Communications by 2,782.4% in the first quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock valued at $3,997,603,000 after buying an additional 11,789,426 shares in the last quarter. FMR LLC increased its position in shares of Charter Communications by 12.4% in the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after buying an additional 1,165,353 shares during the last quarter. Jennison Associates LLC increased its position in shares of Charter Communications by 32.3% in the first quarter. Jennison Associates LLC now owns 3,286,979 shares of the company’s stock valued at $1,075,894,000 after buying an additional 801,716 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Charter Communications by 2.6% in the first quarter. Vanguard Group Inc. now owns 13,492,605 shares of the company’s stock valued at $4,416,400,000 after buying an additional 341,513 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Charter Communications during the first quarter valued at approximately $76,219,000. Hedge funds and other institutional investors own 77.76% of the company’s stock.
Charter Communications, Inc. (CHTR) opened at 394.49 on Friday. The company has a market cap of $101.73 billion, a P/E ratio of 113.00 and a beta of 1.09. The company’s 50-day moving average is $355.52 and its 200-day moving average is $335.77. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts anticipate that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
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Several equities analysts recently commented on CHTR shares. BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reissued a “buy” rating and issued a $410.00 price objective (up previously from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. CIBC started coverage on shares of Charter Communications in a research note on Friday, June 2nd. They issued a “market perform” rating for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $356.00 price objective on shares of Charter Communications in a research note on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. started coverage on shares of Charter Communications in a research note on Thursday, June 1st. They issued a “market perform” rating for the company. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $365.25.
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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