WINTON GROUP Ltd reduced its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 66.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,910 shares of the company’s stock after selling 3,720 shares during the quarter. WINTON GROUP Ltd’s holdings in Charter Communications were worth $694,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Zeke Capital Advisors LLC lifted its holdings in Charter Communications by 37.9% during the 3rd quarter. Zeke Capital Advisors LLC now owns 2,275 shares of the company’s stock worth $827,000 after buying an additional 625 shares in the last quarter. Twin Capital Management Inc. acquired a new position in Charter Communications during the 3rd quarter worth $915,000. Dai Ichi Life Insurance Company Ltd lifted its holdings in Charter Communications by 22.1% during the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 27,233 shares of the company’s stock worth $9,897,000 after buying an additional 4,938 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Charter Communications by 12.9% during the 3rd quarter. Schroder Investment Management Group now owns 93,771 shares of the company’s stock worth $33,845,000 after buying an additional 10,686 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Charter Communications by 306.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,359 shares of the company’s stock worth $5,945,000 after buying an additional 12,335 shares in the last quarter. 72.22% of the stock is currently owned by institutional investors and hedge funds.
CHTR has been the topic of several research reports. Robert W. Baird reaffirmed a “hold” rating and set a $365.00 price objective on shares of Charter Communications in a report on Wednesday, October 4th. UBS reaffirmed a “buy” rating and set a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $400.00 price objective on shares of Charter Communications in a report on Thursday, November 2nd. Citigroup upped their price objective on Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Finally, Zacks Investment Research raised Charter Communications from a “sell” rating to a “hold” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $378.12.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. During the same quarter in the prior year, the company earned $0.69 EPS. Charter Communications’s quarterly revenue was up 4.2% on a year-over-year basis. research analysts expect that Charter Communications, Inc. will post 2.21 earnings per share for the current year.
In other news, CFO Christopher L. Winfrey acquired 3,100 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the transaction, the chief financial officer now directly owns 49,916 shares in the company, valued at $16,153,316.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by corporate insiders.
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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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