Aspiriant LLC decreased its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,109 shares of the company’s stock after selling 158 shares during the quarter. Aspiriant LLC’s holdings in Charter Communications were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in CHTR. Nuveen Asset Management LLC boosted its position in shares of Charter Communications by 13,657.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 684,700 shares of the company’s stock valued at $270,579,000 after acquiring an additional 679,723 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd acquired a new position in Charter Communications in the second quarter valued at about $159,437,000. Longview Partners Guernsey LTD lifted its position in Charter Communications by 13.3% in the second quarter. Longview Partners Guernsey LTD now owns 3,238,400 shares of the company’s stock valued at $1,279,751,000 after buying an additional 381,226 shares during the last quarter. Morgan Stanley lifted its position in Charter Communications by 101.1% in the second quarter. Morgan Stanley now owns 485,487 shares of the company’s stock valued at $191,856,000 after buying an additional 244,117 shares during the last quarter. Finally, Cryder Capital Partners LLP acquired a new position in Charter Communications in the third quarter valued at about $91,128,000. 72.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CHTR opened at $469.75 on Friday. The stock has a market capitalization of $101.64 billion, a PE ratio of 89.99, a P/E/G ratio of 1.84 and a beta of 1.23. Charter Communications Inc has a 1 year low of $272.91 and a 1 year high of $479.18. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.28 and a current ratio of 0.28. The company’s 50-day simple moving average is $438.26 and its 200-day simple moving average is $403.79.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 25th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.08. The business had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.42 billion. Charter Communications had a net margin of 2.76% and a return on equity of 2.91%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 earnings per share. On average, sell-side analysts predict that Charter Communications Inc will post 6.78 earnings per share for the current year.
In other news, Director David C. Merritt sold 1,200 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $474.47, for a total transaction of $569,364.00. Following the sale, the director now owns 9,276 shares of the company’s stock, valued at $4,401,183.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Jonathan Hargis sold 1,234 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $464.80, for a total transaction of $573,563.20. Following the sale, the chief marketing officer now directly owns 12,895 shares in the company, valued at approximately $5,993,596. The disclosure for this sale can be found here. Insiders have sold 3,434 shares of company stock worth $1,603,797 in the last three months. Corporate insiders own 0.84% of the company’s stock.
CHTR has been the topic of a number of recent analyst reports. Cowen upped their target price on shares of Charter Communications from $413.00 to $433.00 and gave the company an “in-line” rating in a research report on Monday, July 29th. TD Securities upped their target price on shares of Charter Communications from $450.00 to $475.00 and gave the company a “hold” rating in a research report on Monday, October 28th. BidaskClub raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Raymond James upped their target price on shares of Charter Communications from $460.00 to $525.00 and gave the company a “strong-buy” rating in a research report on Monday, October 28th. Finally, Citigroup upped their target price on shares of Charter Communications from $455.00 to $483.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Charter Communications presently has a consensus rating of “Buy” and an average price target of $467.24.
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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