Aveo Capital Partners LLC acquired a new stake in shares of Charter Communications Inc (NASDAQ:CHTR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 877 shares of the company’s stock, valued at approximately $304,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Asset Dedication LLC raised its position in Charter Communications by 5.5% during the first quarter. Asset Dedication LLC now owns 534 shares of the company’s stock valued at $183,000 after purchasing an additional 28 shares in the last quarter. Lindbrook Capital LLC raised its position in Charter Communications by 8.6% during the first quarter. Lindbrook Capital LLC now owns 353 shares of the company’s stock valued at $122,000 after purchasing an additional 28 shares in the last quarter. Nuveen Asset Management LLC raised its position in Charter Communications by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 4,927 shares of the company’s stock valued at $1,404,000 after purchasing an additional 31 shares in the last quarter. Huntington National Bank raised its position in Charter Communications by 31.1% during the first quarter. Huntington National Bank now owns 135 shares of the company’s stock valued at $47,000 after purchasing an additional 32 shares in the last quarter. Finally, First Manhattan Co. raised its position in Charter Communications by 0.5% during the first quarter. First Manhattan Co. now owns 7,562 shares of the company’s stock valued at $2,623,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.
NASDAQ CHTR opened at $377.19 on Thursday. The firm has a market cap of $82.41 billion, a price-to-earnings ratio of 72.26, a P/E/G ratio of 1.16 and a beta of 1.40. Charter Communications Inc has a fifty-two week low of $259.48 and a fifty-two week high of $378.36. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.23). The company had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.20 billion. Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. As a group, sell-side analysts predict that Charter Communications Inc will post 7.4 earnings per share for the current year.
In related news, Director Craig A. Jacobson sold 1,325 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $375.18, for a total value of $497,113.50. Following the sale, the director now owns 12,773 shares of the company’s stock, valued at $4,792,174.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Richard R. Dykhouse sold 2,019 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $348.83, for a total transaction of $704,287.77. Following the completion of the sale, the executive vice president now directly owns 9,880 shares in the company, valued at approximately $3,446,440.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,344 shares of company stock worth $1,551,491. Insiders own 0.84% of the company’s stock.
CHTR has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Credit Suisse Group restated a “neutral” rating and set a $345.00 price objective (up from $294.00) on shares of Charter Communications in a research report on Friday, February 1st. Citigroup boosted their target price on shares of Charter Communications from $390.00 to $427.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. TD Securities initiated coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They set a “buy” rating and a $385.00 target price on the stock. Finally, Nomura initiated coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They set a “neutral” rating and a $330.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Charter Communications currently has an average rating of “Buy” and an average price target of $365.88.
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Charter Communications Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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