Kornitzer Capital Management Inc. KS maintained its stake in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,429 shares of the company’s stock at the end of the second quarter. Kornitzer Capital Management Inc. KS’s holdings in Charter Communications were worth $818,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. Cornerstone Advisors Inc. boosted its stake in Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after buying an additional 16 shares in the last quarter. Burt Wealth Advisors bought a new stake in Charter Communications during the first quarter worth approximately $115,000. Alpha Cubed Investments LLC bought a new stake in Charter Communications during the second quarter worth approximately $202,000. Rehmann Capital Advisory Group bought a new stake in Charter Communications during the second quarter worth approximately $206,000. Finally, Boston Family Office LLC bought a new stake in Charter Communications during the first quarter worth approximately $202,000. Hedge funds and other institutional investors own 77.76% of the company’s stock.
Charter Communications, Inc. (CHTR) opened at 381.02 on Tuesday. The firm has a market capitalization of $98.26 billion, a price-to-earnings ratio of 109.14 and a beta of 1.09. The stock has a 50 day moving average price of $343.55 and a 200 day moving average price of $331.55. Charter Communications, Inc. has a 1-year low of $233.00 and a 1-year high of $399.95.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts predict that Charter Communications, Inc. will post $0.60 EPS for the current year.
A number of analysts recently commented on the company. HSBC Holdings plc reiterated a “hold” rating and set a $360.00 price objective (up previously from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Pivotal Research reiterated a “buy” rating on shares of Charter Communications in a research report on Sunday, July 30th. Barclays PLC set a $354.00 price objective on Charter Communications and gave the stock an “equal weight” rating in a research report on Wednesday, August 2nd. Finally, Guggenheim cut Charter Communications from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $370.00 to $400.00 in a research report on Thursday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $351.91.
In other news, Director David C. Merritt bought 1,200 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 8,174 shares in the company, valued at approximately $2,667,257.94. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $323.62, for a total value of $323,620.00. Following the completion of the transaction, 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.
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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