Rhumbline Advisers Boosts Position in Charter Communications, Inc. (CHTR)
Rhumbline Advisers boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 343,267 shares of the company’s stock after buying an additional 5,958 shares during the period. Rhumbline Advisers’ holdings in Charter Communications were worth $115,629,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in CHTR. Vanguard Group Inc. increased its position in Charter Communications by 2.6% in the first quarter. Vanguard Group Inc. now owns 13,492,605 shares of the company’s stock valued at $4,416,400,000 after buying an additional 341,513 shares during the period. BlackRock Inc. increased its position in Charter Communications by 2,782.4% in the first quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock valued at $3,997,603,000 after buying an additional 11,789,426 shares during the period. FMR LLC increased its position in Charter Communications by 12.4% in the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after buying an additional 1,165,353 shares during the period. Veritas Asset Management LLP increased its position in Charter Communications by 2.7% in the first quarter. Veritas Asset Management LLP now owns 3,581,436 shares of the company’s stock valued at $1,172,276,000 after buying an additional 95,514 shares during the period. Finally, Jennison Associates LLC increased its position in Charter Communications by 32.3% in the first quarter. Jennison Associates LLC now owns 3,286,979 shares of the company’s stock valued at $1,075,894,000 after buying an additional 801,716 shares during the period. Institutional investors and hedge funds own 77.76% of the company’s stock.
Shares of Charter Communications, Inc. (CHTR) opened at 398.68 on Friday. The firm has a market cap of $102.81 billion, a PE ratio of 114.20 and a beta of 1.09. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83. The firm’s 50-day moving average price is $353.80 and its 200 day moving average price is $335.16.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. During the same period in the prior year, the company earned $0.99 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
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CHTR has been the topic of several research reports. BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Deutsche Bank AG restated a “buy” rating and issued a $410.00 target price (up previously from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. CIBC initiated coverage on Charter Communications in a research report on Friday, June 2nd. They issued a “market perform” rating on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $356.00 price objective on shares of Charter Communications in a research report on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. initiated coverage on Charter Communications in a research report on Thursday, June 1st. They set a “market perform” rating on the stock. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $361.46.
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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