Cigna Investments Inc. New Sells 530 Shares of Charter Communications, Inc. (NASDAQ:CHTR)
Cigna Investments Inc. New cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 6.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 8,175 shares of the company’s stock after selling 530 shares during the period. Cigna Investments Inc. New’s holdings in Charter Communications were worth $2,754,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Raymond James Trust N.A. boosted its position in shares of Charter Communications by 4.5% in the first quarter. Raymond James Trust N.A. now owns 741 shares of the company’s stock worth $242,000 after buying an additional 32 shares during the last quarter. Creative Planning boosted its position in shares of Charter Communications by 8.4% in the first quarter. Creative Planning now owns 4,632 shares of the company’s stock worth $1,516,000 after buying an additional 358 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock worth $197,000 after buying an additional 3 shares during the last quarter. National Pension Service boosted its position in shares of Charter Communications by 2.2% in the first quarter. National Pension Service now owns 160,857 shares of the company’s stock worth $52,780,000 after buying an additional 3,425 shares during the last quarter. Finally, Private Capital Advisors Inc. boosted its position in shares of Charter Communications by 16.8% in the first quarter. Private Capital Advisors Inc. now owns 5,492 shares of the company’s stock worth $1,798,000 after buying an additional 791 shares during the last quarter. 77.76% of the stock is owned by institutional investors and hedge funds.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at 389.75 on Wednesday. Charter Communications, Inc. has a 1-year low of $233.00 and a 1-year high of $399.91. The firm has a market capitalization of $100.51 billion, a PE ratio of 111.64 and a beta of 1.09. The stock has a 50 day moving average price of $347.44 and a 200 day moving average price of $332.69.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.29. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.99 earnings per share. Equities research analysts anticipate that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
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A number of equities analysts have recently issued reports on CHTR shares. SunTrust Banks, Inc. started coverage on Charter Communications in a report on Tuesday, April 18th. They issued a “buy” rating and a $380.00 target price for the company. Macquarie reissued a “buy” rating and issued a $365.00 target price on shares of Charter Communications in a report on Wednesday, April 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $356.00 target price on shares of Charter Communications in a report on Friday, April 21st. Telsey Advisory Group dropped their price target on Charter Communications from $345.00 to $340.00 and set a “market perform” rating for the company in a report on Wednesday, May 3rd. Finally, Wells Fargo & Company cut Charter Communications from an “outperform” rating to a “market perform” rating and set a $335.00 price target for the company. in a report on Wednesday, May 3rd. Twelve research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Charter Communications has an average rating of “Buy” and a consensus price target of $351.91.
In related news, Director David C. Merritt purchased 1,200 shares of the stock in a transaction dated Thursday, May 11th. The stock was bought at an average cost of $326.31 per share, for a total transaction of $391,572.00. Following the completion of the acquisition, the director now owns 8,174 shares of the company’s stock, valued at $2,667,257.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by corporate insiders.
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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