Charter Communications, Inc. (CHTR) Shares Bought by Intrust Bank NA
Intrust Bank NA increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 980 shares of the company’s stock after buying an additional 31 shares during the period. Intrust Bank NA’s holdings in Charter Communications were worth $330,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Glen Harbor Capital Management LLC raised its position in shares of Charter Communications by 69.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,656 shares of the company’s stock valued at $869,000 after buying an additional 1,088 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Charter Communications by 10.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 17,934 shares of the company’s stock valued at $5,870,000 after buying an additional 1,696 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Charter Communications by 224,189.3% in the first quarter. Canada Pension Plan Investment Board now owns 62,801 shares of the company’s stock valued at $20,556,000 after buying an additional 62,773 shares during the period. Burt Wealth Advisors bought a new position in shares of Charter Communications during the first quarter valued at $115,000. Finally, Jennison Associates LLC raised its position in shares of Charter Communications by 32.3% in the first quarter. Jennison Associates LLC now owns 3,286,979 shares of the company’s stock valued at $1,075,894,000 after buying an additional 801,716 shares during the period. 74.15% of the stock is owned by institutional investors.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) opened at 388.82 on Wednesday. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83. The firm has a market cap of $100.27 billion, a PE ratio of 111.38 and a beta of 1.09. The company has a 50-day moving average of $371.91 and a 200 day moving average of $340.92.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. The business 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% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
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CHTR has been the subject of several research analyst reports. Macquarie reaffirmed a “buy” rating and set a $365.00 target price on shares of Charter Communications in a research note on Tuesday, May 2nd. Telsey Advisory Group reduced 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 research 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 research report on Wednesday, May 3rd. Wunderlich cut shares of Charter Communications from a “buy” rating to a “hold” rating and reduced their price target for the stock from $360.00 to $350.00 in a research report on Wednesday, May 3rd. Finally, Deutsche Bank AG reduced their price target on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, May 4th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Charter Communications has an average rating of “Buy” and a consensus target price of $382.20.
In other 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 transaction of $4,379,424.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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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