Intrust Bank NA lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 15.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 826 shares of the company’s stock after selling 154 shares during the period. Intrust Bank NA’s holdings in Charter Communications were worth $300,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Charter Communications by 2.4% in the second quarter. Vanguard Group Inc. now owns 13,814,543 shares of the company’s stock worth $4,653,428,000 after buying an additional 321,938 shares during the last quarter. BlackRock Inc. increased its stake in shares of Charter Communications by 4.1% in the second quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock worth $4,281,266,000 after buying an additional 496,574 shares during the last quarter. Capital World Investors increased its stake in shares of Charter Communications by 4.1% in the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock worth $3,441,033,000 after buying an additional 402,167 shares during the last quarter. Veritas Asset Management LLP increased its stake in shares of Charter Communications by 7.4% in the second quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company’s stock worth $1,295,225,000 after buying an additional 263,674 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Charter Communications by 10.1% in the second quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock worth $1,222,283,000 after buying an additional 331,597 shares during the last quarter. Institutional investors and hedge funds own 76.36% of the company’s stock.
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Charter Communications, Inc. (NASDAQ CHTR) opened at $343.72 on Tuesday. Charter Communications, Inc. has a 1-year low of $258.63 and a 1-year high of $408.83. The stock has a market cap of $84,139.57, a price-to-earnings ratio of 210.21, a PEG ratio of 5.26 and a beta of 1.09. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. During the same period last year, the firm posted $0.69 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts expect that Charter Communications, Inc. will post 2.77 EPS for the current year.
A number of analysts recently issued reports on the stock. Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $340.00 to $450.00 in a research note on Wednesday, August 9th. HSBC Holdings plc restated a “hold” rating and issued a $360.00 price target (up previously from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. UBS AG restated a “buy” rating and issued a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Wells Fargo & Company restated a “market perform” rating and issued a $372.00 price target (up previously from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $380.00 price target on shares of Charter Communications in a research note on Friday, October 27th. Thirteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $378.12.
In other news, CFO Christopher L. Winfrey purchased 3,100 shares of Charter Communications stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the acquisition, the chief financial officer now owns 49,916 shares in the company, valued at approximately $16,153,316.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.
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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