Amica Mutual Insurance Co. Continues to Hold Position in Charter Communications Inc. (CHTR)
Amica Mutual Insurance Co. maintained its position in shares of Charter Communications Inc. (NASDAQ:CHTR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,030 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Charter Communications were worth $2,168,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brave Asset Management Inc acquired a new stake in Charter Communications during the second quarter valued at approximately $104,000. Glenmede Trust Co. NA acquired a new stake in Charter Communications during the second quarter valued at approximately $107,000. Meeder Asset Management Inc. acquired a new stake in Charter Communications during the second quarter valued at approximately $110,000. Signaturefd LLC increased its stake in Charter Communications by 503.8% in the second quarter. Signaturefd LLC now owns 483 shares of the company’s stock valued at $110,000 after buying an additional 403 shares in the last quarter. Finally, Daiwa SB Investments Ltd. acquired a new stake in Charter Communications during the second quarter valued at approximately $110,000. 77.56% of the stock is currently owned by hedge funds and other institutional investors.
Charter Communications Inc. (NASDAQ:CHTR) traded up 3.57% during midday trading on Tuesday, hitting $280.49. 2,657,337 shares of the stock traded hands. Charter Communications Inc. has a 12-month low of $156.13 and a 12-month high of $281.43. The stock has a market capitalization of $75.92 billion, a PE ratio of 16.68 and a beta of 0.93. The firm’s 50 day moving average is $259.94 and its 200-day moving average is $247.46.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, November 3rd. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.79 by $0.10. Charter Communications had a net margin of 13.87% and a return on equity of 0.62%. The firm earned $10.04 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the business posted $0.48 earnings per share. Charter Communications’s quarterly revenue was up 309.7% compared to the same quarter last year. On average, analysts anticipate that Charter Communications Inc. will post $0.60 EPS for the current fiscal year.
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Several research firms have commented on CHTR. TheStreet downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Vetr raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating and set a $300.54 target price for the company in a research report on Monday, September 12th. Pivotal Research upped their price objective on shares of Charter Communications from $333.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 26th. Deutsche Bank AG reaffirmed a “buy” rating and set a $300.00 price objective on shares of Charter Communications in a report on Monday, November 7th. Finally, Zacks Investment Research downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Wednesday, November 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $289.97.
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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