Gyroscope Capital Management Group LLC bought a new position in shares of Charter Communications Inc (NASDAQ:CHTR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,000 shares of the company’s stock, valued at approximately $833,000.
Several other institutional investors have also recently added to or reduced their stakes in CHTR. Nuveen Asset Management LLC lifted its holdings in shares of Charter Communications by 13,657.3% during the second quarter. Nuveen Asset Management LLC now owns 684,700 shares of the company’s stock worth $270,579,000 after purchasing an additional 679,723 shares during the period. Rothschild & Co Wealth Management UK Ltd acquired a new stake in shares of Charter Communications during the second quarter worth about $159,437,000. Longview Partners Guernsey LTD lifted its holdings in shares of Charter Communications by 13.3% during the second quarter. Longview Partners Guernsey LTD now owns 3,238,400 shares of the company’s stock worth $1,279,751,000 after purchasing an additional 381,226 shares during the period. GQG Partners LLC acquired a new stake in shares of Charter Communications during the first quarter worth about $93,597,000. Finally, Morgan Stanley lifted its holdings in shares of Charter Communications by 101.1% during the second quarter. Morgan Stanley now owns 485,487 shares of the company’s stock worth $191,856,000 after purchasing an additional 244,117 shares during the period. 72.32% of the stock is owned by hedge funds and other institutional investors.
Shares of CHTR stock traded up $0.91 during trading hours on Friday, hitting $427.84. 520,385 shares of the company’s stock were exchanged, compared to its average volume of 1,216,169. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.67. The firm has a market cap of $94.81 billion, a P/E ratio of 81.96, a P/E/G ratio of 1.54 and a beta of 1.21. The firm has a 50 day moving average of $415.07 and a two-hundred day moving average of $389.53. Charter Communications Inc has a fifty-two week low of $272.91 and a fifty-two week high of $432.16.
A number of research analysts have issued reports on CHTR shares. Morgan Stanley boosted their price target on Charter Communications from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Macquarie started coverage on Charter Communications in a report on Wednesday, June 19th. They issued a “hold” rating and a $390.00 price target for the company. Pivotal Research reissued a “buy” rating and issued a $500.00 price target on shares of Charter Communications in a report on Friday, July 26th. Raymond James boosted their price target on Charter Communications from $435.00 to $460.00 and gave the company a “strong-buy” rating in a report on Monday, July 29th. Finally, Wells Fargo & Co started coverage on Charter Communications in a report on Tuesday, August 27th. They issued a “market perform” rating and a $400.00 price target for the company. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $427.42.
In other news, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was 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 directly owns 11,773 shares of the company’s stock, valued at approximately $4,588,879.94. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.84% of the company’s stock.
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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