Comerica Bank reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 54,204 shares of the company’s stock after selling 2,284 shares during the period. Comerica Bank’s holdings in Charter Communications were worth $17,561,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Wellington Shields Capital Management LLC grew its stake in Charter Communications by 34.1% in the 3rd quarter. Wellington Shields Capital Management LLC now owns 3,148 shares of the company’s stock worth $1,144,000 after acquiring an additional 800 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in shares of Charter Communications in the 3rd quarter valued at $291,000. Teacher Retirement System of Texas boosted its holdings in shares of Charter Communications by 1,339.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 32,412 shares of the company’s stock valued at $11,779,000 after purchasing an additional 30,161 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Charter Communications by 155.5% in the 3rd quarter. Toronto Dominion Bank now owns 188,279 shares of the company’s stock valued at $68,416,000 after purchasing an additional 114,586 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Charter Communications by 1.4% in the 3rd quarter. CIBC Asset Management Inc now owns 30,366 shares of the company’s stock valued at $11,036,000 after purchasing an additional 425 shares during the last quarter. 76.36% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on CHTR shares. BidaskClub upgraded shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Deutsche Bank AG reiterated a “buy” rating and issued a $410.00 price target (up previously from $390.00) on shares of Charter Communications in a report on Monday, July 31st. Royal Bank Of Canada lifted their price target on shares of Charter Communications from $356.00 to $420.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Robert W. Baird reiterated a “hold” rating and issued a $365.00 price target on shares of Charter Communications in a report on Wednesday, October 4th. Finally, UBS AG reiterated a “buy” rating and issued a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Thirteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $378.12.
In other news, CFO Christopher L. Winfrey acquired 3,100 shares of the business’s stock in a transaction on Monday, October 30th. The shares were purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the acquisition, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.
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Shares of Charter Communications, Inc. (CHTR) traded down $6.91 during mid-day trading on Wednesday, reaching $336.81. 1,452,200 shares of the company’s stock were exchanged, compared to its average volume of 1,676,354. Charter Communications, Inc. has a 52-week low of $258.63 and a 52-week high of $408.83. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $85,452.23, a price-to-earnings ratio of 213.49, a P/E/G ratio of 5.34 and a beta of 1.09.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The firm had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts predict that Charter Communications, Inc. will post 2.77 EPS for the current fiscal year.
Charter Communications 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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