Allen Investment Management LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 395,327 shares of the company’s stock after buying an additional 15,780 shares during the period. Charter Communications accounts for approximately 6.6% of Allen Investment Management LLC’s holdings, making the stock its biggest position. Allen Investment Management LLC owned 0.16% of Charter Communications worth $143,670,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in CHTR. MML Investors Services LLC raised its position in shares of Charter Communications by 1.3% in the 2nd quarter. MML Investors Services LLC now owns 842 shares of the company’s stock worth $284,000 after purchasing an additional 11 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of Charter Communications by 4.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after purchasing an additional 16 shares during the last quarter. Intrust Bank NA raised its position in shares of Charter Communications by 3.3% in the 2nd quarter. Intrust Bank NA now owns 980 shares of the company’s stock worth $330,000 after purchasing an additional 31 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its position in shares of Charter Communications by 0.5% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 7,933 shares of the company’s stock worth $2,672,000 after purchasing an additional 36 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Charter Communications by 1.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,411 shares of the company’s stock worth $1,149,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.
A number of brokerages have weighed in on CHTR. Macquarie reissued a “buy” rating and issued a $430.00 target price on shares of Charter Communications in a research report on Tuesday, October 3rd. reissued a “hold” rating and issued a $360.00 target price (up previously from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. Pivotal Research reissued a “buy” rating and issued a $420.00 target price (up previously from $405.00) on shares of Charter Communications in a research report on Friday, October 27th. Wells Fargo & Company reissued a “market perform” rating and issued a $372.00 target price (up previously from $330.00) on shares of Charter Communications in a research report on Sunday, July 30th. Finally, Moffett Nathanson reissued a “neutral” rating on shares of Charter Communications in a research report on Monday, October 16th. Thirteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $378.12.
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In other Charter Communications news, CFO Christopher L. Winfrey purchased 3,100 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was bought at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the purchase, the chief financial officer now owns 49,916 shares in the company, valued at approximately $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.
Charter Communications, Inc. (CHTR) traded down $6.91 during mid-day trading on Wednesday, reaching $336.81. The company’s stock had a trading volume of 1,452,200 shares, compared to its average volume of 1,676,354. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a twelve month low of $258.63 and a twelve month high of $408.83. The stock has a market capitalization of $85,452.23, a price-to-earnings ratio of 213.49, a price-to-earnings-growth ratio of 5.34 and a beta of 1.09.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The firm had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. During the same period in the previous year, the company posted $0.69 EPS. Charter Communications’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that Charter Communications, Inc. will post 2.77 earnings per share for the current fiscal year.
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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