Ossiam Trims Stock Holdings in Charter Communications Inc (NASDAQ:CHTR)
Ossiam lowered its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 12.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,942 shares of the company’s stock after selling 264 shares during the quarter. Ossiam’s holdings in Charter Communications were worth $767,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in CHTR. Egerton Capital UK LLP increased its holdings in Charter Communications by 1.5% in the 2nd quarter. Egerton Capital UK LLP now owns 2,889,662 shares of the company’s stock worth $1,141,937,000 after acquiring an additional 42,802 shares in the last quarter. Geode Capital Management LLC raised its stake in Charter Communications by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 2,218,112 shares of the company’s stock valued at $630,980,000 after purchasing an additional 167,729 shares during the last quarter. Northern Trust Corp raised its position in shares of Charter Communications by 0.9% in the second quarter. Northern Trust Corp now owns 2,000,210 shares of the company’s stock valued at $790,444,000 after buying an additional 16,961 shares during the last quarter. Jackson Square Partners LLC lifted its stake in Charter Communications by 53.1% in the 1st quarter. Jackson Square Partners LLC now owns 1,149,607 shares of the company’s stock worth $398,810,000 after purchasing an additional 398,865 shares in the last quarter. Finally, First Pacific Advisors LP lifted its position in Charter Communications by 4.0% during the first quarter. First Pacific Advisors LP now owns 1,094,858 shares of the company’s stock worth $379,817,000 after buying an additional 42,485 shares in the last quarter. 72.18% of the stock is currently owned by institutional investors and hedge funds.
Charter Communications stock traded up $3.38 during mid-day trading on Wednesday, reaching $424.72. 225,928 shares of the company were exchanged, compared to its average volume of 1,119,192. The firm’s 50-day simple moving average is $395.95 and its two-hundred day simple moving average is $379.15. Charter Communications Inc has a twelve month low of $272.91 and a twelve month high of $428.95. The firm has a market cap of $93.32 billion, a PE ratio of 81.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.34 and a current ratio of 0.34.
CHTR has been the subject of several research reports. 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. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Raymond James increased their price objective on Charter Communications from $435.00 to $460.00 and gave the company a “strong-buy” rating in a report on Monday, July 29th. Rosenblatt Securities restated a “buy” rating and issued a $480.00 target price on shares of Charter Communications in a report on Monday, July 29th. Finally, Morgan Stanley increased their target price on shares of Charter Communications from $420.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Charter Communications has an average rating of “Hold” and an average target price of $415.21.
In related 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 value of $389,780.00. Following the sale, the director now owns 11,773 shares in the company, valued at approximately $4,588,879.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lance Conn sold 927 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total value of $370,800.00. Following the sale, the director now owns 9,552 shares in the company, valued at $3,820,800. The disclosure for this sale can be found here. 0.84% of the stock is owned by company insiders.
About Charter Communications
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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