Bp Plc maintained its stake in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, Holdings Channel reports. The firm owned 26,000 shares of the company’s stock at the end of the second quarter. Bp Plc’s holdings in Charter Communications were worth $8,758,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Charter Communications by 2,782.4% in the first quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock valued at $3,997,603,000 after buying an additional 11,789,426 shares during the period. FMR LLC boosted its stake in Charter Communications by 12.4% in the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after buying an additional 1,165,353 shares during the period. Jennison Associates LLC boosted its stake in 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. Vanguard Group Inc. boosted its stake in Charter Communications by 2.6% in the first quarter. Vanguard Group Inc. now owns 13,492,605 shares of the company’s stock valued at $4,416,400,000 after buying an additional 341,513 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Charter Communications during the first quarter valued at approximately $76,219,000. 77.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Charter Communications, Inc. (CHTR) opened at 381.02 on Tuesday. Charter Communications, Inc. has a 12-month low of $233.00 and a 12-month high of $399.95. The firm has a 50-day moving average of $343.55 and a 200 day moving average of $331.55. The firm has a market capitalization of $98.26 billion, a price-to-earnings ratio of 109.14 and a beta of 1.09.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.38 billion. During the same period in the prior year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
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CHTR has been the topic of several research analyst reports. Wunderlich cut shares of Charter Communications from a “buy” rating to a “hold” rating and decreased their price target for the company from $360.00 to $350.00 in a research note on Wednesday, May 3rd. Deutsche Bank AG decreased 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 note on Thursday, May 4th. Morgan Stanley increased their price target on shares of Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. 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 note on Wednesday, May 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $356.00 price target on shares of Charter Communications in a research note on Friday, April 21st. Twelve equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $351.91.
In other news, Director David C. Merritt acquired 1,200 shares of Charter Communications stock in a transaction dated Thursday, May 11th. The shares were bought at an average cost of $326.31 per share, with a total value of $391,572.00. Following the purchase, the director now owns 8,174 shares in the company, valued at approximately $2,667,257.94. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $323.62, for a total transaction of $323,620.00. Following the completion of the sale, the director now directly owns 13,436 shares in the company, valued at $4,348,158.32. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.
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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