Teachers Advisors LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 324,963 shares of the company’s stock after buying an additional 6,609 shares during the period. Teachers Advisors LLC owned 0.13% of Charter Communications worth $109,464,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its stake in Charter Communications by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock worth $273,000 after purchasing an additional 6 shares in the last quarter. RMB Capital Management LLC boosted its stake in Charter Communications by 1.0% in the 1st quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock worth $267,000 after purchasing an additional 8 shares in the last quarter. Allen Operations LLC boosted its stake in Charter Communications by 0.8% in the 1st quarter. Allen Operations LLC now owns 979 shares of the company’s stock worth $320,000 after purchasing an additional 8 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in Charter Communications by 4.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after purchasing an additional 16 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Charter Communications by 1.2% in the 1st quarter. Teacher Retirement System of Texas now owns 2,309 shares of the company’s stock worth $756,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 74.15% of the company’s stock.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total value of $4,379,424.00. Following the completion of the sale, the executive vice president now owns 18,025 shares of the company’s stock, valued at $7,191,975. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.
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Charter Communications, Inc. (NASDAQ:CHTR) traded up 0.58% during trading on Wednesday, reaching $383.79. 328,755 shares of the company’s stock traded hands. The firm has a market cap of $98.97 billion, a price-to-earnings ratio of 109.94 and a beta of 1.10. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83. The company has a 50 day moving average of $387.32 and a 200 day moving average of $346.10.
Charter Communications (NASDAQ:CHTR) last issued its quarterly 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). The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. Charter Communications’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. Equities research analysts predict that Charter Communications, Inc. will post $0.60 EPS for the current year.
A number of equities analysts recently issued reports on CHTR shares. Morgan Stanley upped their price target on shares of Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. BidaskClub cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Wells Fargo & Company reiterated a “market perform” rating and issued a $372.00 price target (up previously from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. CIBC started coverage on shares of Charter Communications in a research note on Friday, June 2nd. They issued a “market perform” rating on the stock. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Charter Communications currently has a consensus rating of “Buy” and a consensus target price of $375.73.
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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