Dendur Capital LP Boosts Position in Charter Communications Inc (NASDAQ:CHTR)

Share on StockTwits

Dendur Capital LP lifted its stake in Charter Communications Inc (NASDAQ:CHTR) by 228.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,259 shares of the company’s stock after buying an additional 34,259 shares during the quarter. Charter Communications comprises 9.5% of Dendur Capital LP’s portfolio, making the stock its 5th biggest holding. Dendur Capital LP’s holdings in Charter Communications were worth $25,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Magnus Financial Group LLC boosted its holdings in Charter Communications by 3.5% in the first quarter. Magnus Financial Group LLC now owns 595 shares of the company’s stock valued at $260,000 after purchasing an additional 20 shares during the period. Seelaus Asset Management LLC boosted its stake in shares of Charter Communications by 2.0% during the 2nd quarter. Seelaus Asset Management LLC now owns 1,173 shares of the company’s stock worth $598,000 after acquiring an additional 23 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Charter Communications by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 1,293 shares of the company’s stock worth $660,000 after acquiring an additional 26 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Charter Communications by 16.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 185 shares of the company’s stock worth $94,000 after acquiring an additional 26 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Charter Communications by 4.6% during the 2nd quarter. Fisher Asset Management LLC now owns 636 shares of the company’s stock worth $324,000 after acquiring an additional 28 shares in the last quarter. 70.47% of the stock is currently owned by hedge funds and other institutional investors.

In other Charter Communications news, CMO Jonathan Hargis sold 6,558 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $616.10, for a total transaction of $4,040,383.80. Following the completion of the transaction, the chief marketing officer now owns 34,682 shares of the company’s stock, valued at $21,367,580.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Bickham sold 9,583 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $511.57, for a total value of $4,902,375.31. The disclosure for this sale can be found here. Insiders have sold 112,827 shares of company stock worth $63,786,641 in the last quarter. 1.18% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on CHTR. Nomura raised Charter Communications from a “neutral” rating to a “buy” rating and upped their target price for the company from $500.00 to $600.00 in a research note on Friday, July 10th. UBS Group upped their target price on Charter Communications from $575.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Royal Bank of Canada upped their target price on Charter Communications from $510.00 to $570.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Deutsche Bank upped their target price on Charter Communications from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Benchmark upped their target price on Charter Communications from $600.00 to $640.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $616.25.

CHTR stock traded down $4.08 during mid-day trading on Friday, reaching $604.02. 1,082,010 shares of the company’s stock were exchanged, compared to its average volume of 835,026. The company has a market cap of $123.76 billion, a price-to-earnings ratio of 57.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.06. The stock’s 50 day moving average is $592.43 and its 200 day moving average is $521.66. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.52 and a quick ratio of 0.52. Charter Communications Inc has a 12-month low of $345.67 and a 12-month high of $629.52.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 31st. The company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $1.10. The company had revenue of $11.70 billion for the quarter, compared to the consensus estimate of $11.61 billion. Charter Communications had a return on equity of 6.05% and a net margin of 4.85%. Charter Communications’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 earnings per share. On average, research analysts forecast that Charter Communications Inc will post 12.92 earnings per share for the current fiscal year.

Charter Communications 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.

Featured Article: What can cause a stock to outperform?

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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.

Leave a Reply