Stifel Financial Corp lifted its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 37.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,023 shares of the company’s stock after purchasing an additional 7,573 shares during the quarter. Stifel Financial Corp’s holdings in Charter Communications were worth $11,547,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of CHTR. Whittier Trust Co. increased its position in Charter Communications by 6.5% in the 2nd quarter. Whittier Trust Co. now owns 798 shares of the company’s stock valued at $315,000 after acquiring an additional 49 shares during the period. Bartlett & Co. LLC acquired a new position in shares of Charter Communications during the 2nd quarter valued at $115,000. Greenleaf Trust increased its position in shares of Charter Communications by 20.7% during the 2nd quarter. Greenleaf Trust now owns 1,542 shares of the company’s stock valued at $609,000 after purchasing an additional 264 shares during the period. Arizona State Retirement System increased its position in shares of Charter Communications by 34.3% during the 2nd quarter. Arizona State Retirement System now owns 44,747 shares of the company’s stock valued at $17,683,000 after purchasing an additional 11,428 shares during the period. Finally, Trustcore Financial Services LLC increased its position in shares of Charter Communications by 496.8% during the 2nd quarter. Trustcore Financial Services LLC now owns 185 shares of the company’s stock valued at $73,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 72.90% of the company’s stock.
CHTR has been the topic of several research analyst reports. Sanford C. Bernstein initiated coverage on Charter Communications in a research report on Wednesday, October 16th. They set an “outperform” rating on the stock. Guggenheim upgraded Charter Communications to a “buy” rating and lifted their price target for the company from $488.00 to $528.00 in a research report on Monday, October 28th. Raymond James lifted their price target on Charter Communications from $460.00 to $525.00 and gave the company a “strong-buy” rating in a research report on Monday, October 28th. Deutsche Bank lifted their price target on Charter Communications from $440.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Finally, Barclays reiterated a “sell” rating and set a $338.00 price target on shares of Charter Communications in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Charter Communications currently has an average rating of “Buy” and a consensus target price of $455.52.
CHTR opened at $470.33 on Tuesday. The firm has a market cap of $100.95 billion, a PE ratio of 84.99, a P/E/G ratio of 1.80 and a beta of 1.20. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.76. The business has a fifty day simple moving average of $462.77 and a 200-day simple moving average of $415.56. Charter Communications Inc has a fifty-two week low of $272.91 and a fifty-two week high of $485.99.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, October 25th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.08. The business had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.42 billion. Charter Communications had a return on equity of 2.91% and a net margin of 2.76%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $2.11 EPS. On average, equities research analysts anticipate that Charter Communications Inc will post 6.89 EPS for the current fiscal year.
In other news, CMO Jonathan Hargis sold 1,234 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $464.80, for a total value of $573,563.20. Following the completion of the sale, the chief marketing officer now owns 12,895 shares of the company’s stock, valued at $5,993,596. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lance Conn sold 1,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $460.87, for a total value of $460,870.00. Following the completion of the sale, the director now directly owns 7,552 shares of the company’s stock, valued at approximately $3,480,490.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,434 shares of company stock valued at $1,603,797. 0.84% of the stock is currently owned by insiders.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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