Connable Office Inc. decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,450 shares of the company’s stock after selling 110 shares during the period. Connable Office Inc.’s holdings in Charter Communications were worth $3,183,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. increased its stake in shares of Charter Communications by 4.5% in the first quarter. Raymond James Trust N.A. now owns 741 shares of the company’s stock valued at $242,000 after buying an additional 32 shares in the last quarter. Creative Planning increased its position in Charter Communications by 8.4% in the first quarter. Creative Planning now owns 4,632 shares of the company’s stock worth $1,516,000 after buying an additional 358 shares during the period. Quadrant Capital Group LLC increased its position in 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 during the period. Bank of Montreal Can increased its position in Charter Communications by 25.1% in the first quarter. Bank of Montreal Can now owns 125,512 shares of the company’s stock worth $41,081,000 after buying an additional 25,156 shares during the period. Finally, Atria Investments LLC increased its position in Charter Communications by 87.2% in the first quarter. Atria Investments LLC now owns 2,739 shares of the company’s stock worth $897,000 after buying an additional 1,276 shares during the period. 77.76% of the stock is owned by institutional investors.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) opened at 400.90 on Thursday. Charter Communications, Inc. has a 12-month low of $241.50 and a 12-month high of $408.83. The stock has a market capitalization of $103.39 billion, a price-to-earnings ratio of 114.84 and a beta of 1.09. The firm has a 50-day moving average of $351.94 and a 200 day moving average of $334.70.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by $0.29. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Equities analysts forecast that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
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A number of equities analysts have recently issued reports on CHTR shares. Royal Bank Of Canada restated a “buy” rating and issued a $356.00 price target on shares of Charter Communications in a research note on Friday, April 21st. Macquarie reissued a “buy” rating and set a $365.00 price target on shares of Charter Communications in a report on Wednesday, April 19th. Morgan Stanley raised their price target on Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Pivotal Research reissued a “buy” rating on shares of Charter Communications in a report on Sunday, July 30th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Charter Communications in a report on Wednesday, June 28th. Eleven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Charter Communications has an average rating of “Buy” and a consensus target price of $357.70.
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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