Capital International Inc. CA cut its position in Charter Communications Inc (NASDAQ:CHTR) by 10.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 233,062 shares of the company’s stock after selling 28,139 shares during the quarter. Charter Communications comprises 1.6% of Capital International Inc. CA’s portfolio, making the stock its 14th biggest holding. Capital International Inc. CA’s holdings in Charter Communications were worth $113,054,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in Charter Communications during the 4th quarter worth approximately $25,000. IndexIQ Advisors LLC acquired a new position in Charter Communications during the 4th quarter worth approximately $27,000. Atlas Private Wealth Management acquired a new position in Charter Communications during the 4th quarter worth approximately $31,000. Princeton Global Asset Management LLC acquired a new position in Charter Communications during the 4th quarter worth approximately $38,000. Finally, Evoke Wealth LLC acquired a new position in Charter Communications during the 3rd quarter worth approximately $40,000. Institutional investors own 71.87% of the company’s stock.
CHTR traded up $26.23 during trading on Thursday, reaching $447.00. 1,069,824 shares of the company’s stock were exchanged, compared to its average volume of 3,009,472. The firm has a fifty day moving average price of $487.36 and a two-hundred day moving average price of $469.97. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.95. Charter Communications Inc has a one year low of $343.15 and a one year high of $546.54. The stock has a market capitalization of $88.06 billion, a PE ratio of 59.44, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, January 31st. The company reported $3.28 EPS for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.78. Charter Communications had a net margin of 3.64% and a return on equity of 4.07%. The company had revenue of $11.76 billion for the quarter, compared to analyst estimates of $11.71 billion. During the same period in the prior year, the firm posted $1.29 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts expect that Charter Communications Inc will post 13.79 earnings per share for the current year.
In other news, CFO Christopher L. Winfrey sold 19,337 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $523.77, for a total value of $10,128,140.49. Following the sale, the chief financial officer now directly owns 91,156 shares of the company’s stock, valued at approximately $47,744,778.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Jonathan Hargis sold 7,904 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $525.36, for a total transaction of $4,152,445.44. Following the completion of the sale, the chief marketing officer now directly owns 72,020 shares in the company, valued at $37,836,427.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,968 shares of company stock worth $19,432,487. Insiders own 0.84% of the company’s stock.
CHTR has been the subject of a number of research analyst reports. Benchmark upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and set a $573.00 price objective for the company in a research report on Wednesday, March 11th. Morgan Stanley upped their price objective on shares of Charter Communications from $540.00 to $575.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Nomura reiterated a “hold” rating and set a $470.00 price objective on shares of Charter Communications in a research report on Monday, February 3rd. Barclays raised shares of Charter Communications from an “underweight” rating to an “equal weight” rating and set a $375.00 target price on the stock in a report on Wednesday, March 18th. Finally, Raymond James lowered shares of Charter Communications from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $600.00 to $500.00 in a report on Monday, March 16th. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $529.14.
Charter Communications Company Profile
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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