Ameritas Investment Partners Inc. cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,658 shares of the company’s stock after selling 126 shares during the period. Ameritas Investment Partners Inc.’s holdings in Charter Communications were worth $3,253,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in CHTR. OppenheimerFunds Inc. purchased a new position in shares of Charter Communications in the 1st quarter valued at $3,605,000. Stratos Wealth Partners LTD. purchased a new position in shares of Charter Communications in the 1st quarter valued at $286,000. FMR LLC grew its position in shares of Charter Communications by 12.4% in the 1st quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after buying an additional 1,165,353 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Charter Communications by 3.0% in the 1st quarter. Teachers Advisors LLC now owns 318,354 shares of the company’s stock valued at $104,204,000 after buying an additional 9,178 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Charter Communications in the 1st quarter valued at $221,000. 74.10% of the stock is currently owned by institutional investors.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the sale, the executive vice president now owns 18,025 shares in the company, valued at $7,191,975. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by insiders.
A number of research analysts recently commented on CHTR shares. Pivotal Research reaffirmed a “buy” rating on shares of Charter Communications in a research report on Sunday, July 30th. BidaskClub raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $410.00 target price (up from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. UBS AG reaffirmed a “buy” rating and issued a $450.00 target price (up from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Finally, Citigroup Inc. increased their target price on shares of Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a research report on Tuesday, August 22nd. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $381.86.
Shares of Charter Communications, Inc. (NASDAQ CHTR) traded down 0.38% during mid-day trading on Wednesday, reaching $363.54. 570,563 shares of the company were exchanged. The firm has a market capitalization of $93.75 billion, a price-to-earnings ratio of 19.79 and a beta of 1.10. The company’s 50-day moving average is $377.22 and its 200 day moving average is $352.67. Charter Communications, Inc. has a 12 month low of $241.50 and a 12 month high of $408.83.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts predict that Charter Communications, Inc. will post $0.60 EPS for the current year.
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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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