Teachers Insurance & Annuity Association of America Holds Holdings in Charter Communications, Inc. (CHTR)

Teachers Insurance & Annuity Association of America continued to hold its stake in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,431 shares of the company’s stock at the close of the second quarter. Teachers Insurance & Annuity Association of America’s holdings in Charter Communications were worth $10,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Guardian Life Insurance Co. of America grew its holdings in Charter Communications by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after purchasing an additional 6 shares during the period. RMB Capital Management LLC grew its holdings in Charter Communications by 1.0% during the first quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock valued at $267,000 after purchasing an additional 8 shares during the period. Allen Operations LLC grew its holdings in Charter Communications by 0.8% during the first quarter. Allen Operations LLC now owns 979 shares of the company’s stock valued at $320,000 after purchasing an additional 8 shares during the period. Cornerstone Advisors Inc. grew its holdings in Charter Communications by 4.9% during the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after purchasing an additional 16 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in Charter Communications by 1.2% during the first quarter. Teacher Retirement System of Texas now owns 2,309 shares of the company’s stock valued at $756,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 74.09% of the company’s stock.

Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded down 0.37% during mid-day trading on Monday, hitting $368.09. 298,778 shares of the stock were exchanged. The stock’s 50 day moving average price is $390.19 and its 200-day moving average price is $347.29. Charter Communications, Inc. has a 12-month low of $241.50 and a 12-month high of $408.83. The stock has a market capitalization of $94.92 billion, a P/E ratio of 105.44 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. During the same period in the previous year, the business posted $0.99 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.

A number of research analysts recently issued reports on CHTR shares. Royal Bank Of Canada restated a “buy” rating and set a $356.00 price objective on shares of Charter Communications in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. started coverage on shares of Charter Communications in a report on Thursday, June 1st. They set a “market perform” rating for the company. CIBC started coverage on shares of Charter Communications in a report on Friday, June 2nd. They set a “market perform” rating for the company. BidaskClub cut shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a report on Wednesday, June 28th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $379.19.

In related news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total value of $4,379,424.00. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through the SEC website. Company 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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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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