Parkwood LLC lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 9.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,407 shares of the company’s stock after selling 141 shares during the period. Parkwood LLC’s holdings in Charter Communications were worth $474,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Burt Wealth Advisors acquired a new stake in shares of Charter Communications during the first quarter worth approximately $115,000. Cornerstone Advisors Inc. boosted its stake in shares of Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after buying an additional 16 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock worth $197,000 after buying an additional 3 shares in the last quarter. Trust Co acquired a new stake in shares of Charter Communications during the fourth quarter worth approximately $200,000. Finally, Boston Family Office LLC acquired a new stake in shares of Charter Communications during the first quarter worth approximately $202,000. 77.79% of the stock is owned by hedge funds and other institutional investors.
Charter Communications, Inc. (CHTR) traded down 0.10% on Friday, reaching $392.97. 1,304,255 shares of the company’s stock were exchanged. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83. The stock has a market cap of $101.34 billion, a price-to-earnings ratio of 112.57 and a beta of 1.09. The firm has a 50 day moving average of $364.56 and a 200-day moving average of $338.53.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
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A number of analysts have commented on CHTR shares. BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Deutsche Bank AG reissued a “buy” rating and issued a $410.00 price objective (up from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. CIBC initiated coverage on shares of Charter Communications in a research note on Friday, June 2nd. They issued a “market perform” rating for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $356.00 price objective on shares of Charter Communications in a research note on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of Charter Communications in a research note on Thursday, June 1st. They issued a “market perform” rating for the company. Eleven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Charter Communications presently has an average rating of “Buy” and an average target price of $369.96.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the sale, the executive vice president now directly owns 18,025 shares in the company, valued at $7,191,975. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is owned by corporate 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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