Rockefeller Capital Management L.P. purchased a new position in shares of Charter Communications (NASDAQ:CHTR) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,628 shares of the company’s stock, valued at approximately $507,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. First Manhattan Co. grew its stake in Charter Communications by 9.5% in the 4th quarter. First Manhattan Co. now owns 8,613 shares of the company’s stock valued at $2,893,000 after buying an additional 749 shares during the last quarter. APG Asset Management N.V. grew its stake in Charter Communications by 2.9% in the 4th quarter. APG Asset Management N.V. now owns 385,636 shares of the company’s stock valued at $107,893,000 after buying an additional 10,700 shares during the last quarter. First Capital Advisors Group LLC. acquired a new position in Charter Communications in the 4th quarter valued at $241,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Charter Communications in the 4th quarter valued at $3,275,000. Finally, Advisor Partners LLC grew its stake in Charter Communications by 5.5% in the 4th quarter. Advisor Partners LLC now owns 4,052 shares of the company’s stock valued at $1,483,000 after buying an additional 212 shares during the last quarter. Institutional investors own 69.51% of the company’s stock.
A number of research analysts recently issued reports on the stock. ValuEngine lowered shares of Charter Communications from a “sell” rating to a “strong sell” rating in a research note on Tuesday. KeyCorp assumed coverage on shares of Charter Communications in a research note on Wednesday, May 16th. They issued an “equal weight” rating on the stock. Macquarie reiterated a “buy” rating on shares of Charter Communications in a research note on Sunday, May 13th. Barclays reiterated a “sell” rating and issued a $254.00 target price on shares of Charter Communications in a research note on Monday, April 30th. Finally, Buckingham Research lowered their target price on shares of Charter Communications from $425.00 to $397.00 and set a “buy” rating on the stock in a research note on Monday, April 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $388.82.
Shares of Charter Communications opened at $268.43 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 1.43. Charter Communications has a fifty-two week low of $250.10 and a fifty-two week high of $408.83. The firm has a market capitalization of $65.09 billion, a price-to-earnings ratio of 101.29, a P/E/G ratio of 3.27 and a beta of 1.20.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.26. The firm had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.62 billion. Charter Communications had a net margin of 23.55% and a return on equity of 1.15%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. equities research analysts expect that Charter Communications will post 4 earnings per share for the current fiscal year.
Charter Communications Company 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, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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