United States Steel & Carnegie Pension Fund trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 54.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,400 shares of the company’s stock after selling 102,000 shares during the quarter. United States Steel & Carnegie Pension Fund’s holdings in Charter Communications were worth $30,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after purchasing an additional 93 shares in the last quarter. Huntington National Bank bought a new stake in Charter Communications in the third quarter worth approximately $128,000. Barrett Asset Management LLC increased its holdings in Charter Communications by 118.7% in the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after purchasing an additional 216 shares in the last quarter. Bessemer Group Inc. increased its holdings in Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after purchasing an additional 151 shares in the last quarter. Finally, Rational Advisors LLC bought a new stake in Charter Communications in the second quarter worth approximately $168,000. Institutional investors own 74.76% of the company’s stock.
A number of brokerages have weighed in on CHTR. reiterated a “hold” rating and issued a $360.00 target price (up from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. UBS AG reiterated a “buy” rating and issued a $450.00 target price (up from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Telsey Advisory Group upgraded Charter Communications from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $340.00 to $450.00 in a report on Wednesday, August 9th. BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Barclays PLC set a $354.00 price objective on Charter Communications and gave the company an “equal weight” rating in a research note on Wednesday, August 2nd. Thirteen research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Charter Communications presently has an average rating of “Buy” and a consensus target price of $378.12.
Charter Communications, Inc. (NASDAQ CHTR) opened at $328.98 on Monday. The stock has a market capitalization of $81,790.00, a P/E ratio of 204.34, a P/E/G ratio of 5.20 and a beta of 1.10. 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, Inc. has a 1 year low of $265.78 and a 1 year high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. research analysts forecast that Charter Communications, Inc. will post 2.32 EPS for the current year.
In related news, CFO Christopher L. Winfrey bought 3,100 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the transaction, the chief financial officer now directly owns 49,916 shares in the company, valued at $16,153,316.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by insiders.
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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