LFA Lugano Financial Advisors SA purchased a new position in shares of Charter Communications Inc (NASDAQ:CHTR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,102 shares of the company’s stock, valued at approximately $321,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of CHTR. Victory Capital Management Inc. lifted its position in Charter Communications by 26.8% in the 1st quarter. Victory Capital Management Inc. now owns 9,609 shares of the company’s stock valued at $2,991,000 after acquiring an additional 2,030 shares in the last quarter. US Bancorp DE lifted its position in Charter Communications by 7.3% in the 1st quarter. US Bancorp DE now owns 11,928 shares of the company’s stock valued at $3,712,000 after acquiring an additional 811 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Charter Communications by 26.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,352 shares of the company’s stock valued at $421,000 after acquiring an additional 280 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in Charter Communications in the 1st quarter valued at approximately $507,000. Finally, Glen Harbor Capital Management LLC lifted its position in Charter Communications by 382.7% in the 1st quarter. Glen Harbor Capital Management LLC now owns 8,032 shares of the company’s stock valued at $2,500,000 after acquiring an additional 6,368 shares in the last quarter. Institutional investors and hedge funds own 71.07% of the company’s stock.
Several research firms recently issued reports on CHTR. Zacks Investment Research cut Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays set a $259.00 price target on Charter Communications and gave the company a “sell” rating in a report on Wednesday. BidaskClub raised Charter Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Macquarie reissued a “buy” rating and set a $355.00 price target on shares of Charter Communications in a report on Wednesday, September 12th. Finally, ValuEngine raised Charter Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $364.00.
CHTR stock traded up $6.82 during trading on Friday, reaching $308.74. The company’s stock had a trading volume of 1,662,363 shares, compared to its average volume of 1,601,171. The firm has a market capitalization of $75.56 billion, a PE ratio of 116.51, a PEG ratio of 1.94 and a beta of 1.20. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.20 and a current ratio of 0.20. Charter Communications Inc has a 1 year low of $250.10 and a 1 year high of $396.64.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.20. The firm had revenue of $10.85 billion during the quarter, compared to analyst estimates of $10.83 billion. Charter Communications had a return on equity of 1.45% and a net margin of 23.59%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. On average, sell-side analysts forecast that Charter Communications Inc will post 4.43 EPS for the current fiscal year.
In other news, EVP Richard R. Dykhouse sold 2,101 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total transaction of $622,988.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.83% of the company’s stock.
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, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
Featured Article: Dividend
Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.