Farallon Capital Management LLC lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 142.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 463,625 shares of the company’s stock after buying an additional 272,370 shares during the quarter. Charter Communications makes up approximately 1.3% of Farallon Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Farallon Capital Management LLC owned approximately 0.19% of Charter Communications worth $155,759,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Kings Point Capital Management grew its holdings in shares of Charter Communications by 68.4% during the 4th quarter. Kings Point Capital Management now owns 347 shares of the company’s stock worth $117,000 after purchasing an additional 141 shares during the period. MML Investors Services LLC grew its stake in Charter Communications by 15.8% during the 4th quarter. MML Investors Services LLC now owns 1,046 shares of the company’s stock worth $351,000 after buying an additional 143 shares during the last quarter. Hosking Partners LLP grew its stake in Charter Communications by 0.6% during the 3rd quarter. Hosking Partners LLP now owns 28,001 shares of the company’s stock worth $10,176,000 after buying an additional 156 shares during the last quarter. Mackenzie Financial Corp grew its stake in Charter Communications by 27.7% during the 4th quarter. Mackenzie Financial Corp now owns 774 shares of the company’s stock worth $260,000 after buying an additional 168 shares during the last quarter. Finally, Aureus Asset Management LLC grew its stake in Charter Communications by 0.4% during the 3rd quarter. Aureus Asset Management LLC now owns 44,829 shares of the company’s stock worth $16,292,000 after buying an additional 172 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Jonathan Hargis sold 27,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at approximately $12,741,431.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.
CHTR has been the subject of several recent analyst reports. Wells Fargo & Co raised Charter Communications from a “market perform” rating to an “outperform” rating and raised their price target for the company from $387.50 to $460.00 in a report on Monday, February 5th. Pivotal Research reaffirmed a “buy” rating and issued a $500.00 price objective (up previously from $420.00) on shares of Charter Communications in a research report on Monday, February 5th. Barclays boosted their price target on Charter Communications from $283.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, February 5th. Zacks Investment Research downgraded Charter Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, SunTrust Banks boosted their price target on Charter Communications to $440.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Charter Communications currently has an average rating of “Buy” and an average price target of $407.17.
Charter Communications, Inc. (CHTR) traded down $9.05 during mid-day trading on Wednesday, reaching $340.96. The company had a trading volume of 1,298,792 shares, compared to its average volume of 1,471,654. The firm has a market capitalization of $85,676.13, a P/E ratio of 9.51, a PEG ratio of 3.96 and a beta of 1.20. The company has a current ratio of 0.23, a quick 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 posted its earnings results on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. Charter Communications’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts predict that Charter Communications, Inc. will post 4.32 EPS for the current fiscal year.
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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.
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