General American Investors Co. Inc. held its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, Holdings Channel reports. The fund owned 20,000 shares of the company’s stock at the end of the second quarter. General American Investors Co. Inc.’s holdings in Charter Communications were worth $6,737,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Burt Wealth Advisors bought a new position in shares of Charter Communications during the first quarter worth $115,000. Cornerstone Advisors Inc. raised its position in shares of Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after buying an additional 16 shares during the last quarter. Barrett Asset Management LLC raised its position in shares of Charter Communications by 118.7% in the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after buying an additional 216 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after buying an additional 151 shares during the last quarter. Finally, Quadrant Capital Group LLC raised 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. 77.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Charter Communications, Inc. (NASDAQ:CHTR) opened at 400.90 on Thursday. The company has a 50-day moving average of $351.94 and a 200 day moving average of $334.70. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83. The firm has a market capitalization of $103.39 billion, a P/E ratio of 114.84 and a beta of 1.09.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications, Inc. will post $0.60 earnings per share for the current year.

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A number of equities analysts recently weighed in on CHTR shares. Macquarie reaffirmed a “buy” rating and issued a $365.00 target price on shares of Charter Communications in a research note on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $356.00 target price on shares of Charter Communications in a research note on Friday, April 21st. SunTrust Banks, Inc. started coverage on shares of Charter Communications in a research note on Tuesday, April 18th. They issued a “buy” rating and a $380.00 target price for the company. Deutsche Bank AG reduced their target price on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Finally, BidaskClub raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Eleven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Charter Communications has an average rating of “Buy” and an average target price of $357.70.

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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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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