First National Trust Co. purchased a new stake in Charter Communications Inc. (NASDAQ:CHTR) during the second quarter, Holdings Channel reports. The firm purchased 1,084 shares of the company’s stock, valued at approximately $247,000.
Several other institutional investors also recently bought and sold shares of the company. CKW Financial Group bought a new position in Charter Communications during the second quarter valued at about $103,000. Meeder Asset Management Inc. bought a new position in Charter Communications during the second quarter valued at about $110,000. Daiwa SB Investments Ltd. bought a new position in Charter Communications during the second quarter valued at about $110,000. Joel Isaacson & Co. LLC bought a new position in Charter Communications during the second quarter valued at about $112,000. Finally, Shinko Asset Management Co. Ltd. raised its position in Charter Communications by 131.5% in the second quarter. Shinko Asset Management Co. Ltd. now owns 551 shares of the company’s stock valued at $126,000 after buying an additional 313 shares in the last quarter. 77.10% of the stock is owned by hedge funds and other institutional investors.
Shares of Charter Communications Inc. (NASDAQ:CHTR) traded down 0.45% on Friday, hitting $266.97. The company had a trading volume of 1,373,526 shares. The company has a market capitalization of $72.33 billion, a price-to-earnings ratio of 11.92 and a beta of 0.67. Charter Communications Inc. has a 52 week low of $156.13 and a 52 week high of $279.95. The stock’s 50-day moving average is $265.62 and its 200 day moving average is $233.35.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. The company had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company earned ($1.09) earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts expect that Charter Communications Inc. will post $0.60 EPS for the current year.
Several equities analysts have recently issued reports on the company. Vetr raised Charter Communications from a “buy” rating to a “strong-buy” rating and set a $300.54 price target for the company in a research report on Monday, September 12th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Charter Communications in a research report on Thursday, June 30th. Robert W. Baird reissued a “neutral” rating and issued a $230.00 target price on shares of Charter Communications in a research report on Tuesday, June 28th. Citigroup Inc. reissued a “buy” rating and issued a $270.00 target price on shares of Charter Communications in a research report on Thursday, June 16th. Finally, Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $242.00 target price for the company in a research report on Tuesday, June 28th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $282.44.
In other Charter Communications news, Director Mauricio Ramos purchased 1,000 shares of the stock in a transaction on Thursday, August 18th. The stock was acquired at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the acquisition, the director now owns 1,997 shares in the company, valued at $509,235. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $258.15, for a total value of $774,450.00. Following the completion of the sale, the director now directly owns 16,563 shares of the company’s stock, valued at approximately $4,275,738.45. The disclosure for this sale can be found here. 1.51% of the stock is owned by company 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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