Parametric Portfolio Associates LLC Purchases 9,984 Shares of Charter Communications Inc (CHTR)
Parametric Portfolio Associates LLC raised its position in Charter Communications Inc (NASDAQ:CHTR) by 2.3% during the first quarter, HoldingsChannel reports. The firm owned 440,279 shares of the company’s stock after buying an additional 9,984 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Charter Communications were worth $152,737,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its stake in shares of Charter Communications by 11.7% during the 4th quarter. LS Investment Advisors LLC now owns 3,984 shares of the company’s stock worth $1,135,000 after acquiring an additional 418 shares in the last quarter. Calamos Advisors LLC lifted its position in shares of Charter Communications by 1.0% during the 1st quarter. Calamos Advisors LLC now owns 32,990 shares of the company’s stock worth $11,445,000 after purchasing an additional 313 shares during the last quarter. Mackay Shields LLC lifted its position in shares of Charter Communications by 53.2% during the 4th quarter. Mackay Shields LLC now owns 50,830 shares of the company’s stock worth $14,485,000 after purchasing an additional 17,655 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Charter Communications by 23.9% during the 4th quarter. Stifel Financial Corp now owns 10,553 shares of the company’s stock worth $3,073,000 after purchasing an additional 2,039 shares during the last quarter. Finally, XR Securities LLC acquired a new position in shares of Charter Communications during the 1st quarter worth about $208,000. Institutional investors own 74.02% of the company’s stock.
In other news, EVP Richard R. Dykhouse sold 2,019 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $348.83, for a total value of $704,287.77. Following the completion of the transaction, the executive vice president now directly owns 9,880 shares of the company’s stock, valued at approximately $3,446,440.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Craig A. Jacobson sold 1,325 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the completion of the transaction, the director now directly owns 12,773 shares of the company’s stock, valued at $4,792,174.14. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The company had revenue of $11.21 billion during the quarter, compared to analyst estimates of $11.20 billion. During the same period in the previous year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, analysts expect that Charter Communications Inc will post 7.4 earnings per share for the current fiscal year.
Several research firms recently weighed in on CHTR. BidaskClub cut Charter Communications from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research cut Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. UBS Group upped their price target on Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. ValuEngine raised Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Finally, Macquarie cut Charter Communications from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $365.88.
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Charter Communications Profile
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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