Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,670 shares of the company’s stock after buying an additional 908 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Charter Communications were worth $18,778,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of CHTR. Capital One National Association increased its stake in Charter Communications by 7.7% during the 2nd quarter. Capital One National Association now owns 868 shares of the company’s stock worth $292,000 after buying an additional 62 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Charter Communications by 29.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 74,534 shares of the company’s stock worth $25,107,000 after buying an additional 16,926 shares in the last quarter. Asset Dedication LLC purchased a new stake in Charter Communications during the 2nd quarter worth approximately $333,000. LS Investment Advisors LLC increased its stake in Charter Communications by 1.4% during the 2nd quarter. LS Investment Advisors LLC now owns 4,032 shares of the company’s stock worth $1,358,000 after buying an additional 54 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Charter Communications by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the company’s stock worth $4,514,000 after buying an additional 200 shares in the last quarter. Institutional investors own 76.36% of the company’s stock.
In other news, CFO Christopher L. Winfrey purchased 3,100 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the purchase, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.
Charter Communications, Inc. (CHTR) traded down $8.04 on Tuesday, reaching $335.68. The company had a trading volume of 685,914 shares, compared to its average volume of 1,677,378. Charter Communications, Inc. has a 12-month low of $258.63 and a 12-month high of $408.83. The firm has a market capitalization of $84,139.57, a PE ratio of 210.21, 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 (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. equities analysts predict that Charter Communications, Inc. will post 2.77 earnings per share for the current year.
CHTR has been the subject of several research reports. Morgan Stanley boosted their price objective on Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Pivotal Research reiterated a “buy” rating on shares of Charter Communications in a research note on Sunday, July 30th. Wells Fargo & Company reiterated a “market perform” rating and set a $372.00 price objective (up from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Deutsche Bank AG restated a “buy” rating and set a $410.00 target price (up from $390.00) on shares of Charter Communications in a report on Monday, July 31st. Finally, BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Thirteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $378.12.
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About Charter Communications
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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