Charter Communications, Inc. (CHTR) Shares Sold by GLG Partners LP
GLG Partners LP lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 84.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,739 shares of the company’s stock after selling 15,128 shares during the quarter. GLG Partners LP’s holdings in Charter Communications were worth $923,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in Charter Communications by 2,782.4% during the first quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock worth $3,997,603,000 after acquiring an additional 11,789,426 shares during the period. FMR LLC lifted its holdings in Charter Communications by 12.4% during the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after purchasing an additional 1,165,353 shares in the last quarter. Allen Investment Management LLC purchased a new position in Charter Communications during the second quarter valued at $127,850,000. Vanguard Group Inc. lifted its holdings in Charter Communications by 2.6% during the first quarter. Vanguard Group Inc. now owns 13,492,605 shares of the company’s stock valued at $4,416,400,000 after purchasing an additional 341,513 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Charter Communications by 10.1% during the second quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock valued at $1,222,283,000 after purchasing an additional 331,597 shares in the last quarter. 74.10% of the stock is owned by institutional investors.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded down 0.10% during midday trading on Wednesday, hitting $369.15. 126,431 shares of the company were exchanged. The company has a 50-day moving average price of $381.28 and a 200-day moving average price of $351.05. The stock has a market capitalization of $95.20 billion, a price-to-earnings ratio of 105.74 and a beta of 1.10. Charter Communications, Inc. has a 52-week low of $241.50 and a 52-week high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.29). The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. On average, analysts forecast that Charter Communications, Inc. will post $0.60 EPS for the current year.
CHTR has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Telsey Advisory Group lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $450.00 to $340.00 in a research note on Tuesday, September 5th. BidaskClub lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Wells Fargo & Company reiterated a “market perform” rating and issued a $372.00 price objective (up from $330.00) on shares of Charter Communications in a report on Sunday, July 30th. Finally, Evercore ISI lifted their price objective on Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Charter Communications has an average rating of “Buy” and a consensus price target of $382.80.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the stock in a transaction 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 owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
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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