B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund continued to hold its position in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,676 shares of the company’s stock at the end of the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Charter Communications were worth $2,923,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in CHTR. Guardian Life Insurance Co. of America increased its position in Charter Communications by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after buying an additional 6 shares during the last quarter. RMB Capital Management LLC increased its position in Charter Communications by 1.0% in the first quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock valued at $267,000 after buying an additional 8 shares during the last quarter. Allen Operations LLC increased its position in Charter Communications by 0.8% in the first quarter. Allen Operations LLC now owns 979 shares of the company’s stock valued at $320,000 after buying an additional 8 shares during the last quarter. Cornerstone Advisors Inc. increased its position in Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after buying an additional 16 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Charter Communications by 1.2% in the first quarter. Teacher Retirement System of Texas now owns 2,309 shares of the company’s stock valued at $756,000 after buying an additional 28 shares during the last quarter. 77.79% of the stock is owned by institutional investors.
Shares of Charter Communications, Inc. (CHTR) traded up 0.61% during mid-day trading on Friday, reaching $391.61. 129,098 shares of the company’s stock traded hands. Charter Communications, Inc. has a 12-month low of $241.50 and a 12-month high of $408.83. The stock has a 50-day moving average price of $370.34 and a 200 day moving average price of $340.45. The firm has a market capitalization of $100.99 billion, a price-to-earnings ratio of 112.18 and a beta of 1.09.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS 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 for the quarter, compared to analyst estimates of $10.38 billion. During the same quarter last year, the firm earned $0.99 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Analysts anticipate that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
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Several research firms recently commented on CHTR. Citigroup Inc. upped their price objective on Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a research note on Tuesday. UBS AG restated a “buy” rating and set a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Telsey Advisory Group upgraded Charter Communications from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $340.00 to $450.00 in a research report on Wednesday, August 9th. Royal Bank Of Canada increased their target price 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, Guggenheim downgraded Charter Communications from a “buy” rating to a “neutral” rating and increased their target price for the stock from $370.00 to $400.00 in a research report on Thursday, August 3rd. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Charter Communications presently has an average rating of “Buy” and a consensus price target of $382.20.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the transaction, the executive vice president now owns 18,025 shares in the company, valued at approximately $7,191,975. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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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