Miura Global Management LLC lifted its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 306.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,000 shares of the company’s stock after purchasing an additional 92,000 shares during the period. Charter Communications comprises about 7.2% of Miura Global Management LLC’s holdings, making the stock its 5th largest position. Miura Global Management LLC’s holdings in Charter Communications were worth $42,323,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of CHTR. Whitener Capital Management Inc. purchased a new stake in Charter Communications in the 4th quarter valued at approximately $29,000. Hanson McClain Inc. lifted its stake in Charter Communications by 157.8% in the 4th quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock valued at $33,000 after buying an additional 71 shares in the last quarter. Rational Advisors LLC lifted its stake in Charter Communications by 230.3% in the 1st quarter. Rational Advisors LLC now owns 109 shares of the company’s stock valued at $38,000 after buying an additional 76 shares in the last quarter. TCG Advisors LP purchased a new stake in Charter Communications in the 1st quarter valued at approximately $42,000. Finally, Sontag Advisory LLC purchased a new stake in Charter Communications in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 71.92% of the company’s stock.
A number of equities research analysts recently issued reports on CHTR shares. Citigroup upped their target price on Charter Communications from $390.00 to $427.00 and gave the company a “buy” rating in a research note on Monday, May 6th. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. UBS Group boosted their price target on Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 price target for the company in a report on Tuesday, February 26th. Finally, ValuEngine upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $380.44.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.23). The firm had revenue of $11.21 billion for the quarter, compared to analyst estimates of $11.20 billion. Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. As a group, analysts expect that Charter Communications Inc will post 7.22 earnings per share for the current fiscal year.
In other news, Director Craig A. Jacobson sold 1,325 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $375.18, for a total transaction of $497,113.50. Following the completion of the sale, the director now directly owns 12,773 shares in the company, valued at approximately $4,792,174.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.84% of the company’s stock.
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Charter Communications Profile
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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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