IHT Wealth Management LLC held its position in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55 shares of the company’s stock at the end of the second quarter. IHT Wealth Management LLC’s holdings in Charter Communications were worth $183,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Charter Communications by 2.4% in the second quarter. Vanguard Group Inc. now owns 13,814,543 shares of the company’s stock worth $4,653,428,000 after acquiring an additional 321,938 shares during the period. BlackRock Inc. boosted its stake in shares of Charter Communications by 4.1% in the second quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock worth $4,281,266,000 after acquiring an additional 496,574 shares during the period. FMR LLC boosted its stake in shares of Charter Communications by 12.4% in the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock worth $3,451,949,000 after acquiring an additional 1,165,353 shares during the period. Capital World Investors boosted its stake in shares of Charter Communications by 4.1% in the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock worth $3,441,033,000 after acquiring an additional 402,167 shares during the period. Finally, Veritas Asset Management LLP boosted its stake in shares of Charter Communications by 7.4% in the second quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company’s stock worth $1,295,225,000 after acquiring an additional 263,674 shares during the period. 74.10% of the stock is owned by hedge funds and other institutional investors.
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Shares of Charter Communications, Inc. (CHTR) traded down 0.50% during midday trading on Wednesday, reaching $363.01. The company’s stock had a trading volume of 181,225 shares. The stock’s 50 day moving average price is $377.22 and its 200 day moving average price is $352.67. The firm has a market cap of $93.61 billion, a price-to-earnings ratio of 19.76 and a beta of 1.10. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.29). The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Analysts predict that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
A number of equities analysts have recently weighed in on CHTR shares. BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $410.00 price objective (up previously from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. Royal Bank Of Canada upped their price objective on Charter Communications from $356.00 to $420.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Robert W. Baird reaffirmed a “hold” rating and issued a $365.00 price objective on shares of Charter Communications in a research note on Wednesday, October 4th. Finally, UBS AG reaffirmed a “buy” rating and issued a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Twelve research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $381.86.
In other news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the transaction, the executive vice president now directly owns 18,025 shares in the company, valued at approximately $7,191,975. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
Charter Communications 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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