Greenleaf Trust Grows Position in Charter Communications, Inc. (NASDAQ:CHTR)

Greenleaf Trust grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 642.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,887 shares of the company’s stock after purchasing an additional 1,633 shares during the quarter. Greenleaf Trust’s holdings in Charter Communications were worth $634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHTR. Ameriprise Financial Inc. lifted its stake in shares of Charter Communications by 315.1% in the third quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock valued at $503,237,000 after purchasing an additional 1,051,151 shares during the period. Brown Advisory Inc. raised its position in Charter Communications by 623.2% during the third quarter. Brown Advisory Inc. now owns 592,689 shares of the company’s stock worth $215,394,000 after acquiring an additional 510,735 shares during the last quarter. California Public Employees Retirement System raised its position in Charter Communications by 33.7% during the fourth quarter. California Public Employees Retirement System now owns 619,620 shares of the company’s stock worth $208,168,000 after acquiring an additional 156,169 shares during the last quarter. Toronto Dominion Bank raised its position in Charter Communications by 155.5% during the third quarter. Toronto Dominion Bank now owns 188,279 shares of the company’s stock worth $68,416,000 after acquiring an additional 114,586 shares during the last quarter. Finally, Meritage Group LP raised its position in Charter Communications by 3.4% during the third quarter. Meritage Group LP now owns 2,819,596 shares of the company’s stock worth $1,024,698,000 after acquiring an additional 92,620 shares during the last quarter. 73.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the completion of the transaction, the executive vice president now owns 34,931 shares in the company, valued at approximately $12,741,431.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Charter Communications, Inc. (CHTR) traded down $4.22 during trading on Friday, hitting $356.75. 601,000 shares of the stock traded hands, compared to its average volume of 1,506,804. The company has a market capitalization of $86,093.51, a price-to-earnings ratio of 9.95, a P/E/G ratio of 3.04 and a beta of 1.14. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. Charter Communications, Inc. has a fifty-two week low of $308.30 and a fifty-two week high of $408.83.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.85 by $0.01. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 earnings per share. research analysts expect that Charter Communications, Inc. will post 4.55 earnings per share for the current year.

A number of equities analysts have issued reports on CHTR shares. TheStreet upgraded shares of Charter Communications from a “c” rating to a “b+” rating in a research report on Friday, February 2nd. Moffett Nathanson raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Buckingham Research assumed coverage on shares of Charter Communications in a report on Wednesday, December 13th. They issued a “buy” rating and a $415.00 target price for the company. Guggenheim upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, SunTrust Banks restated a “buy” rating and issued a $380.00 target price on shares of Charter Communications in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $407.17.

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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.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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