Ameriprise Financial Inc. boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 315.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,384,725 shares of the company’s stock after buying an additional 1,051,151 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.56% of Charter Communications worth $503,237,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Parametrica Management Ltd acquired a new stake in shares of Charter Communications during the 3rd quarter valued at approximately $226,000. Swiss National Bank increased its stake in shares of Charter Communications by 11.8% during the 2nd quarter. Swiss National Bank now owns 857,609 shares of the company’s stock worth $288,886,000 after purchasing an additional 90,400 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after purchasing an additional 93 shares in the last quarter. Allen Investment Management LLC purchased a new position in shares of Charter Communications during the 2nd quarter worth approximately $127,850,000. Finally, State of Tennessee Treasury Department grew its stake in Charter Communications by 6.7% in the 2nd quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock worth $44,476,000 after acquiring an additional 8,280 shares during the period. Institutional investors and hedge funds own 72.22% of the company’s stock.
CHTR has been the topic of several recent research reports. Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $340.00 to $450.00 in a report on Wednesday, August 9th. UBS reiterated a “buy” rating and issued a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Citigroup boosted their target price on shares of Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Evercore ISI boosted their price objective on shares of Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $420.00 target price on shares of Charter Communications in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $378.12.
Charter Communications, Inc. (CHTR) traded up $2.58 during trading hours on Thursday, hitting $325.22. 2,064,063 shares of the stock were exchanged, compared to its average volume of 1,697,552. The company has a market cap of $80,210.00, a P/E ratio of 205.56, a price-to-earnings-growth ratio of 6.16 and a beta of 1.06. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a one year low of $275.34 and a one year high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). The firm had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 EPS. equities research analysts predict that Charter Communications, Inc. will post 2.21 earnings per share for the current fiscal year.
In related news, CFO Christopher L. Winfrey acquired 3,100 shares of the stock in a transaction on Monday, October 30th. The stock was purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.56% of the company’s stock.
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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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