Boston Partners cut its holdings in Charter Communications Inc (NASDAQ:CHTR) by 5.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 13,448 shares of the company’s stock after selling 829 shares during the period. Boston Partners’ holdings in Charter Communications were worth $4,665,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CHTR. Morgan Stanley lifted its stake in Charter Communications by 1.1% in the 3rd quarter. Morgan Stanley now owns 955,767 shares of the company’s stock worth $311,467,000 after acquiring an additional 9,976 shares in the last quarter. CX Institutional purchased a new stake in Charter Communications in the 4th quarter worth about $44,000. Vigilant Capital Management LLC lifted its stake in Charter Communications by 64.1% in the 4th quarter. Vigilant Capital Management LLC now owns 535 shares of the company’s stock worth $152,000 after acquiring an additional 209 shares in the last quarter. Boston Advisors LLC lifted its stake in Charter Communications by 2,167.1% in the 4th quarter. Boston Advisors LLC now owns 20,608 shares of the company’s stock worth $5,872,000 after acquiring an additional 19,699 shares in the last quarter. Finally, Alpha Windward LLC purchased a new stake in Charter Communications in the 4th quarter worth about $78,000. Institutional investors and hedge funds own 74.48% of the company’s stock.
CHTR opened at $377.19 on Thursday. 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 debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $82.41 billion, a PE ratio of 72.26, a PEG ratio of 1.16 and a beta of 1.40.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The firm had revenue of $11.21 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same period last year, the business earned $0.70 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts forecast that Charter Communications Inc will post 7.4 EPS for the current fiscal year.
In other news, EVP Richard R. Dykhouse sold 2,019 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,446,440.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig A. Jacobson sold 1,325 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the sale, the director now directly owns 12,773 shares of the company’s stock, valued at $4,792,174.14. The disclosure for this sale can be found here. Insiders have sold a total of 4,344 shares of company stock valued at $1,551,491 over the last ninety days. Company insiders own 0.84% of the company’s stock.
Several equities research analysts recently issued reports on the company. BidaskClub downgraded Charter Communications from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research downgraded Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. UBS Group increased their price objective on Charter Communications from $383.00 to $421.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. ValuEngine raised Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Macquarie downgraded Charter Communications from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Charter Communications currently has a consensus rating of “Buy” and an average target price 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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