NN Investment Partners Holdings N.V. purchased a new position in shares of Charter Communications Inc (NASDAQ:CHTR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,043 shares of the company’s stock, valued at approximately $306,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CHTR. Assetmark Inc. boosted its position in shares of Charter Communications by 166.7% during the 1st quarter. Assetmark Inc. now owns 360 shares of the company’s stock worth $112,000 after acquiring an additional 225 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Charter Communications during the 1st quarter worth approximately $117,000. Synovus Financial Corp acquired a new stake in shares of Charter Communications during the 1st quarter worth approximately $140,000. Port Capital LLC acquired a new stake in shares of Charter Communications during the 2nd quarter worth approximately $204,000. Finally, Abbrea Capital LLC acquired a new stake in shares of Charter Communications during the 1st quarter worth approximately $215,000. Institutional investors and hedge funds own 69.29% of the company’s stock.
Several analysts recently issued reports on CHTR shares. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. Robert W. Baird reiterated a “hold” rating and set a $335.00 price target on shares of Charter Communications in a research report on Monday, April 2nd. ValuEngine lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Cowen initiated coverage on shares of Charter Communications in a research report on Monday, March 26th. They set an “outperform” rating on the stock. Finally, Barclays restated a “sell” rating and issued a $254.00 target price on shares of Charter Communications in a research report on Monday, April 30th. Four analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $373.16.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, April 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.26. Charter Communications had a net margin of 23.55% and a return on equity of 1.15%. The firm had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter last year, the business posted $0.57 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. equities analysts anticipate that Charter Communications Inc will post 3.89 EPS for the current fiscal year.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
Further Reading: Earnings Per Share (EPS)
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