Ameriprise Financial Inc. lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 333,574 shares of the company’s stock after acquiring an additional 13,889 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.13% of Charter Communications worth $112,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Charter Communications by 2.6% during the first quarter. Vanguard Group Inc. now owns 13,492,605 shares of the company’s stock worth $4,416,400,000 after acquiring an additional 341,513 shares during the last quarter. BlackRock Inc. grew its stake in Charter Communications by 2,782.4% during the first quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock worth $3,997,603,000 after purchasing an additional 11,789,426 shares during the period. FMR LLC grew its stake in Charter Communications by 12.4% during the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock worth $3,451,949,000 after purchasing an additional 1,165,353 shares during the period. Veritas Asset Management LLP grew its stake in Charter Communications by 7.4% during the second quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company’s stock worth $1,295,225,000 after purchasing an additional 263,674 shares during the period. Finally, Jennison Associates LLC grew its stake in Charter Communications by 10.1% during the second quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock worth $1,222,283,000 after purchasing an additional 331,597 shares during the period. Institutional investors own 74.15% of the company’s stock.
CHTR has been the subject of several recent analyst reports. BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reaffirmed a “buy” rating and set a $410.00 target price (up previously from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. CIBC initiated coverage on Charter Communications in a research note on Friday, June 2nd. They set a “market perform” rating for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $356.00 target price on shares of Charter Communications in a research note on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. initiated coverage on Charter Communications in a research note on Thursday, June 1st. They set a “market perform” rating for the company. Twelve research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $379.19.
Shares of Charter Communications, Inc. (CHTR) opened at 369.47 on Friday. The firm has a 50-day moving average price of $390.19 and a 200-day moving average price of $347.29. The firm has a market cap of $95.28 billion, a PE ratio of 105.84 and a beta of 1.10. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.29). The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 EPS. On average, equities research analysts predict that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.
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Charter Communications 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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