Charter Communications, Inc. (CHTR) Stake Increased by Pacer Advisors Inc.
Pacer Advisors Inc. boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 8.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,397 shares of the company’s stock after buying an additional 666 shares during the period. Pacer Advisors Inc.’s holdings in Charter Communications were worth $2,829,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Charter Communications by 2.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 450,907 shares of the company’s stock valued at $151,888,000 after buying an additional 9,614 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Charter Communications by 15.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,762 shares of the company’s stock valued at $17,099,000 after buying an additional 6,778 shares during the period. Andra AP fonden boosted its stake in Charter Communications by 331.3% in the second quarter. Andra AP fonden now owns 34,500 shares of the company’s stock valued at $11,621,000 after buying an additional 26,500 shares during the period. Intrust Bank NA boosted its stake in Charter Communications by 3.3% in the second quarter. Intrust Bank NA now owns 980 shares of the company’s stock valued at $330,000 after buying an additional 31 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 77.79% of the company’s stock.
Charter Communications, Inc. (CHTR) opened at 388.79 on Friday. The stock has a market cap of $100.26 billion, a price-to-earnings ratio of 111.37 and a beta of 1.09. The firm has a 50-day moving average price of $371.91 and a 200-day moving average price of $340.92. Charter Communications, Inc. has a 12 month low of $241.50 and a 12 month high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 1.15% and a net margin of 2.29%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share. Equities research analysts expect that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
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Several analysts recently weighed in on CHTR shares. Macquarie reiterated a “buy” rating and issued a $365.00 price target on shares of Charter Communications in a report on Tuesday, May 2nd. Telsey Advisory Group cut their price target on shares of Charter Communications from $345.00 to $340.00 and set a “market perform” rating on the stock in a report on Wednesday, May 3rd. Wells Fargo & Company cut shares of Charter Communications from an “outperform” rating to a “market perform” rating and set a $335.00 price target on the stock. in a report on Wednesday, May 3rd. Wunderlich cut shares of Charter Communications from a “buy” rating to a “hold” rating and cut their price target for the company from $360.00 to $350.00 in a report on Wednesday, May 3rd. Finally, Deutsche Bank AG cut their price target on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and an average price target of $382.20.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total value of $4,379,424.00. Following the completion of the transaction, the executive vice president now directly owns 18,025 shares in the company, valued at $7,191,975. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is currently owned by company insiders.
About Charter Communications
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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