Signaturefd LLC boosted its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,233 shares of the company’s stock after buying an additional 66 shares during the quarter. Signaturefd LLC’s holdings in Charter Communications were worth $487,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Advisor Group Inc. raised its holdings in Charter Communications by 32.3% during the second quarter. Advisor Group Inc. now owns 2,751 shares of the company’s stock worth $1,087,000 after purchasing an additional 671 shares in the last quarter. Aperio Group LLC raised its holdings in Charter Communications by 7.3% during the second quarter. Aperio Group LLC now owns 100,473 shares of the company’s stock worth $39,705,000 after purchasing an additional 6,857 shares in the last quarter. KBC Group NV raised its holdings in Charter Communications by 75.1% during the second quarter. KBC Group NV now owns 111,950 shares of the company’s stock worth $44,241,000 after purchasing an additional 48,009 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in Charter Communications during the second quarter worth approximately $49,000. Finally, Alpha Windward LLC raised its holdings in Charter Communications by 42.3% during the second quarter. Alpha Windward LLC now owns 387 shares of the company’s stock worth $152,000 after purchasing an additional 115 shares in the last quarter. 72.55% of the stock is owned by institutional investors.
In related news, Director Lance Conn sold 927 shares of Charter Communications stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total value of $370,800.00. Following the transaction, the director now directly owns 9,552 shares in the company, valued at approximately $3,820,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Craig A. Jacobson sold 1,000 shares of Charter Communications stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the director now owns 11,773 shares in the company, valued at $4,588,879.94. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. The firm had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same quarter last year, the business earned $1.15 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts expect that Charter Communications Inc will post 6.91 EPS for the current year.
CHTR has been the topic of a number of recent research reports. UBS Group lifted their target price on shares of Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $480.00 target price on shares of Charter Communications in a report on Monday, July 29th. Bank of America reaffirmed a “buy” rating and issued a $450.00 target price (up from $425.00) on shares of Charter Communications in a report on Tuesday, July 30th. Credit Suisse Group lifted their target price on shares of Charter Communications from $370.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Macquarie initiated coverage on shares of Charter Communications in a report on Wednesday, June 19th. They issued a “hold” rating and a $390.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $415.71.
Charter Communications Company 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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