Norinchukin Bank The Acquires 6,011 Shares of Charter Communications, Inc. (CHTR)
Norinchukin Bank The lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 43.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,990 shares of the company’s stock after acquiring an additional 6,011 shares during the period. Norinchukin Bank The’s holdings in Charter Communications were worth $6,734,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank increased its position in shares of Charter Communications by 11.8% in the second quarter. Swiss National Bank now owns 857,609 shares of the company’s stock worth $288,886,000 after acquiring an additional 90,400 shares in the last quarter. Allen Investment Management LLC acquired a new stake in shares of Charter Communications in the second quarter worth $127,850,000. Parallel Advisors LLC increased its position in shares of Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after acquiring an additional 93 shares in the last quarter. Birinyi Associates Inc. acquired a new stake in shares of Charter Communications in the second quarter worth $269,000. Finally, State of Tennessee Treasury Department increased its position in shares of Charter Communications by 6.7% in the second quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock worth $44,476,000 after acquiring an additional 8,280 shares in the last quarter. 74.15% of the stock is owned by institutional investors.
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In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total value of $4,379,424.00. Following the sale, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.56% of the company’s stock.
Charter Communications, Inc. (NASDAQ CHTR) traded up 0.75% on Wednesday, hitting $384.45. 569,272 shares of the stock were exchanged. The stock has a market cap of $99.14 billion, a PE ratio of 110.13 and a beta of 1.10. The company’s 50 day moving average is $387.32 and its 200 day moving average is $346.10. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.29). The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.99 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
Several equities research analysts have recently issued reports on CHTR shares. Telsey Advisory Group lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $450.00 to $340.00 in a research report on Tuesday, September 5th. Royal Bank Of Canada raised their price target on shares of Charter Communications from $356.00 to $420.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Pivotal Research reaffirmed a “buy” rating on shares of Charter Communications in a report on Sunday, July 30th. Morgan Stanley raised their price target 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. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Charter Communications in a report on Wednesday, June 28th. Twelve investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $375.73.
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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