Henderson Group PLC increased its position in shares of Charter Communications Inc. (NASDAQ:CHTR) by 174.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,282 shares of the company’s stock after buying an additional 16,718 shares during the period. Henderson Group PLC’s holdings in Charter Communications were worth $6,008,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Atalanta Sosnoff Capital LLC bought a new position in Charter Communications during the second quarter worth about $30,009,000. Thrax Management LLC increased its position in Charter Communications by 47.1% in the first quarter. Thrax Management LLC now owns 153,425 shares of the company’s stock worth $31,058,000 after buying an additional 49,156 shares during the last quarter. Suvretta Capital Management LLC increased its position in Charter Communications by 5.6% in the first quarter. Suvretta Capital Management LLC now owns 528,101 shares of the company’s stock worth $106,903,000 after buying an additional 28,100 shares during the last quarter. Hunt Lane Capital LP increased its position in Charter Communications by 30.7% in the first quarter. Hunt Lane Capital LP now owns 196,000 shares of the company’s stock worth $39,676,000 after buying an additional 46,000 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. increased its position in Charter Communications by 52.1% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,184,489 shares of the company’s stock worth $442,206,000 after buying an additional 747,989 shares during the last quarter. Institutional investors own 77.23% of the company’s stock.
Shares of Charter Communications Inc. (NASDAQ:CHTR) traded up 0.94% during trading on Tuesday, reaching $259.95. 1,127,212 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $267.03 and a 200 day moving average price of $236.46. The firm has a market cap of $70.43 billion, a price-to-earnings ratio of 11.61 and a beta of 0.67. Charter Communications Inc. has a 12 month low of $156.13 and a 12 month high of $279.95.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Tuesday, August 9th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.28. Charter Communications had a net margin of 20.59% and a return on equity of 0.19%. The firm had revenue of $9.99 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the business posted ($1.09) EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts forecast that Charter Communications Inc. will post $0.60 EPS for the current year.
A number of research analysts recently issued reports on CHTR shares. Morgan Stanley reiterated a “buy” rating and set a $300.00 target price on shares of Charter Communications in a research report on Monday, September 12th. Citigroup Inc. upped their price objective on shares of Charter Communications from $270.00 to $318.00 and gave the stock a “buy” rating in a report on Friday, September 30th. Guggenheim initiated coverage on shares of Charter Communications in a report on Monday, August 29th. They set a “buy” rating and a $300.00 price objective on the stock. Macquarie upped their price objective on shares of Charter Communications from $286.00 to $289.00 and gave the stock an “outperform” rating in a report on Wednesday, September 28th. Finally, Telsey Advisory Group upped their price objective on shares of Charter Communications from $246.00 to $302.00 and gave the stock an “outperform” rating in a report on Monday, October 10th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $287.86.
In other news, Director Craig A. Jacobson sold 3,000 shares of Charter Communications 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 transaction, the director now owns 16,563 shares of the company’s stock, valued at approximately $4,275,738.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mauricio Ramos purchased 1,000 shares of the stock in a transaction dated Thursday, August 18th. The stock was bought at an average cost of $255.00 per share, with a total value of $255,000.00. Following the transaction, the director now owns 1,997 shares in the company, valued at $509,235. The disclosure for this purchase can be found here. 1.51% of the stock is owned by 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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