Charter Communications, Inc. (CHTR) Stake Held by AMF Pensionsforsakring AB
AMF Pensionsforsakring AB held its position in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,214 shares of the company’s stock at the end of the second quarter. AMF Pensionsforsakring AB owned approximately 0.08% of Charter Communications worth $73,717,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of CHTR. Burt Wealth Advisors bought a new position in Charter Communications during the first quarter valued at $115,000. Rehmann Capital Advisory Group bought a new position in Charter Communications during the second quarter valued at $206,000. Boston Family Office LLC bought a new position in Charter Communications during the first quarter valued at $202,000. Dowling & Yahnke LLC bought a new position in Charter Communications during the first quarter valued at $203,000. Finally, San Francisco Sentry Investment Group CA bought a new position in Charter Communications during the first quarter valued at $206,000. Institutional investors own 74.44% of the company’s stock.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded up 0.51% during midday trading on Tuesday, hitting $349.85. 325,815 shares of the stock were exchanged. Charter Communications, Inc. has a 52-week low of $233.00 and a 52-week high of $355.00. The stock has a market cap of $93.60 billion, a P/E ratio of 23.76 and a beta of 1.07. The firm’s 50 day moving average price is $338.66 and its 200-day moving average price is $328.44.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Tuesday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.42. The company had revenue of $10.16 billion for the quarter, compared to the consensus estimate of $10.26 billion. Charter Communications had a net margin of 10.55% and a return on equity of 1.41%. The company’s revenue was up 301.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.68) earnings per share. On average, equities research analysts expect that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
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Several research firms recently weighed in on CHTR. BidaskClub upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Morgan Stanley upped their price objective on shares of Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $356.00 price objective on shares of Charter Communications in a report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Charter Communications in a report on Wednesday, June 28th. Finally, Macquarie reaffirmed a “buy” rating and set a $365.00 price objective on shares of Charter Communications in a report on Tuesday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $333.92.
In related news, EVP Jonathan Hargis sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $325.75, for a total transaction of $1,954,500.00. Following the completion of the transaction, the executive vice president now directly owns 13,049 shares in the company, valued at approximately $4,250,711.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $323.62, for a total value of $323,620.00. Following the transaction, the director now owns 13,436 shares of the company’s stock, valued at $4,348,158.32. The disclosure for this sale can be found here. Insiders own 0.56% 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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