First Personal Financial Services cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 35.5% during the first quarter, Holdings Channel reports. The fund owned 1,001 shares of the company’s stock after selling 550 shares during the period. First Personal Financial Services’ holdings in Charter Communications were worth $328,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. WFG Advisors LP increased its stake in Charter Communications by 6,820.0% in the fourth quarter. WFG Advisors LP now owns 1,038 shares of the company’s stock valued at $113,000 after buying an additional 1,023 shares in the last quarter. Burt Wealth Advisors acquired a new stake in Charter Communications during the first quarter valued at approximately $115,000. CKW Financial Group increased its stake in Charter Communications by 22.1% in the third quarter. CKW Financial Group now owns 552 shares of the company’s stock valued at $149,000 after buying an additional 100 shares in the last quarter. Riverhead Capital Management LLC acquired a new stake in Charter Communications during the third quarter valued at approximately $189,000. Finally, Quadrant Capital Group LLC increased its stake in Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock valued at $197,000 after buying an additional 3 shares in the last quarter. Institutional investors own 79.53% of the company’s stock.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by $0.42. Charter Communications had a return on equity of 0.62% and a net margin of 13.87%. The business had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the business earned ($1.68) EPS. The business’s revenue was up 301.7% compared to the same quarter last year.
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Several research analysts have issued reports on CHTR shares. Deutsche Bank AG lowered their price target on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, May 4th. Wunderlich lowered shares of Charter Communications from a “buy” rating to a “hold” rating and lowered their price target for the stock from $360.00 to $350.00 in a report on Wednesday, May 3rd. Wells Fargo & Co lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and set a $335.00 price target for the company. in a report on Wednesday, May 3rd. Telsey Advisory Group lowered their price target on shares of Charter Communications from $345.00 to $340.00 and set a “market perform” rating for the company in a report on Wednesday, May 3rd. Finally, Macquarie restated a “buy” rating and set a $365.00 price target on shares of Charter Communications in a report on Tuesday, May 2nd. Nine analysts have rated the stock with a hold rating, thirteen have assigned 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 $322.49.
In related news, Director Craig A. Jacobson sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $323.62, for a total value of $323,620.00. Following the completion of the sale, the director now owns 13,436 shares of the company’s stock, valued at $4,348,158.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David C. Merritt purchased 1,200 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average cost of $326.31 per share, with a total value of $391,572.00. Following the purchase, the director now directly owns 8,174 shares of the company’s stock, valued at $2,667,257.94. The disclosure for this purchase can be found here. Company insiders own 1.51% of the company’s stock.
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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