Los Angeles Capital Management & Equity Research Inc. trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 44.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,038 shares of the company’s stock after selling 8,105 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Charter Communications were worth $3,648,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in Charter Communications by 43.3% in the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after buying an additional 93 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Charter Communications by 4.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after purchasing an additional 16 shares during the last quarter. Huntington National Bank bought a new position in shares of Charter Communications in the 3rd quarter worth $128,000. Barrett Asset Management LLC boosted its position in shares of Charter Communications by 118.7% in the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after purchasing an additional 216 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Charter Communications by 50.7% in the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 74.76% of the company’s stock.
CHTR has been the topic of several recent research reports. Barclays PLC reduced their price target on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. Telsey Advisory Group lowered Charter Communications from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $450.00 to $340.00 in a research report on Tuesday, September 5th. Macquarie restated a “buy” rating on shares of Charter Communications in a research report on Sunday, October 29th. Wells Fargo & Company restated a “market perform” rating and issued a $372.00 price target (up from $330.00) on shares of Charter Communications in a research report on Sunday, July 30th. Finally, Evercore ISI raised their price target on Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Thirteen analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Charter Communications has an average rating of “Buy” and an average target price of $378.12.
In related news, CFO Christopher L. Winfrey acquired 3,100 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the acquisition, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by company insiders.
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Charter Communications, Inc. (NASDAQ CHTR) opened at $338.42 on Wednesday. The firm has a market capitalization of $84,122.16, a PE ratio of 210.17, a PEG ratio of 5.26 and a beta of 1.09. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a 1-year low of $264.26 and a 1-year high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. Charter Communications’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. sell-side analysts expect that Charter Communications, Inc. will post 2.77 earnings per share for the current fiscal year.
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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