Tekne Capital Management LLC Lowers Holdings in Charter Communications, Inc. (CHTR)
Tekne Capital Management LLC lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 30.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,936 shares of the company’s stock after selling 31,009 shares during the period. Charter Communications accounts for about 5.1% of Tekne Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Tekne Capital Management LLC’s holdings in Charter Communications were worth $25,416,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Charter Communications by 2.4% during the second quarter. Vanguard Group Inc. now owns 13,814,543 shares of the company’s stock worth $4,653,428,000 after buying an additional 321,938 shares during the period. BlackRock Inc. lifted its holdings in Charter Communications by 4.1% during the second quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock worth $4,281,266,000 after buying an additional 496,574 shares during the period. Capital World Investors lifted its holdings in Charter Communications by 4.1% during the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock worth $3,441,033,000 after buying an additional 402,167 shares during the period. Veritas Asset Management LLP lifted its holdings in Charter Communications by 7.4% during the second quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company’s stock worth $1,295,225,000 after buying an additional 263,674 shares during the period. 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 worth $1,222,283,000 after buying an additional 331,597 shares during the period. Institutional investors own 72.22% of the company’s stock.
In other news, CFO Christopher L. Winfrey bought 3,100 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the transaction, the chief financial officer now directly owns 49,916 shares in the company, valued at $16,153,316.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is owned by corporate insiders.
Charter Communications, Inc. (NASDAQ:CHTR) opened at $334.00 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a 12-month low of $267.01 and a 12-month high of $408.83. The stock has a market capitalization of $83,600.09, a price-to-earnings ratio of 208.86, a P/E/G ratio of 6.26 and a beta of 1.05.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. During the same period in the previous year, the company earned $0.69 earnings per share. Charter Communications’s revenue was up 4.2% on a year-over-year basis. research analysts predict that Charter Communications, Inc. will post 2.21 earnings per share for the current year.
A number of equities analysts have recently issued reports on CHTR shares. Citigroup upped their price target on Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. UBS reaffirmed a “buy” rating and set a $450.00 price target (up from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Telsey Advisory Group downgraded Charter Communications from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $450.00 to $340.00 in a research report on Tuesday, September 5th. Royal Bank Of Canada upped their price target on Charter Communications from $356.00 to $420.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. Finally, Evercore ISI upped their price target on Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Charter Communications has a consensus rating of “Buy” and an average target price of $378.12.
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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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