Charter Communications Inc. (CHTR) Shares Bought by Whittier Trust Co.
Whittier Trust Co. increased its stake in shares of Charter Communications Inc. (NASDAQ:CHTR) by 3,422.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 951 shares of the company’s stock after buying an additional 924 shares during the period. Whittier Trust Co.’s holdings in Charter Communications were worth $218,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of CHTR. Orbis Allan Gray Ltd bought a new position in shares of Charter Communications during the first quarter valued at approximately $610,267,000. Tybourne Capital Management HK Ltd. raised its stake in Charter Communications by 52.1% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,184,489 shares of the company’s stock valued at $442,206,000 after buying an additional 747,989 shares in the last quarter. Renaissance Technologies LLC raised its stake in Charter Communications by 715.6% in the first quarter. Renaissance Technologies LLC now owns 507,324 shares of the company’s stock valued at $102,698,000 after buying an additional 445,124 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Charter Communications during the first quarter valued at about $52,261,000. Finally, Bridger Management LLC acquired a new stake in Charter Communications during the first quarter valued at about $51,381,000. 77.10% of the stock is owned by hedge funds and other institutional investors.
Charter Communications Inc. (NASDAQ:CHTR) traded up 0.46% during midday trading on Friday, hitting $257.59. The company had a trading volume of 1,112,901 shares. Charter Communications Inc. has a 52 week low of $156.13 and a 52 week high of $279.95. The firm’s 50 day moving average is $266.62 and its 200-day moving average is $235.20. The firm has a market capitalization of $69.79 billion, a P/E ratio of 11.50 and a beta of 0.67.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.71 by $0.28. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. The business had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the business earned ($1.09) earnings per share. Charter Communications’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities research analysts expect that Charter Communications Inc. will post $0.60 EPS for the current fiscal year.
CHTR has been the topic of several research analyst reports. Morgan Stanley restated a “buy” rating and issued a $300.00 price objective on shares of Charter Communications in a research note on Monday, September 12th. Citigroup Inc. upped their price objective on Charter Communications from $270.00 to $318.00 and gave the company a “buy” rating in a research note on Friday, September 30th. Guggenheim initiated coverage on Charter Communications in a research note on Monday, August 29th. They issued a “buy” rating and a $300.00 price objective on the stock. Macquarie upped their price objective on Charter Communications from $286.00 to $289.00 and gave the company an “outperform” rating in a research note on Wednesday, September 28th. Finally, Telsey Advisory Group upped their price objective on Charter Communications from $246.00 to $302.00 and gave the company an “outperform” rating in a research note on Monday, October 10th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $287.86.
In other Charter Communications news, Director Mauricio Ramos bought 1,000 shares of the stock in a transaction on Thursday, August 18th. The shares were acquired at an average price of $255.00 per share, with a total value of $255,000.00. Following the acquisition, the director now directly owns 1,997 shares of the company’s stock, valued at approximately $509,235. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $258.15, for a total transaction of $774,450.00. Following the sale, the director now directly owns 16,563 shares in the company, valued at approximately $4,275,738.45. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.
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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