DekaBank Deutsche Girozentrale Has $67.72 Million Holdings in Charter Communications, Inc. (CHTR)
DekaBank Deutsche Girozentrale lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 7.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,167 shares of the company’s stock after selling 14,265 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.07% of Charter Communications worth $67,718,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in CHTR. Cornerstone Advisors Inc. lifted its position in shares of Charter Communications by 4.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after purchasing an additional 16 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after purchasing an additional 93 shares during the last quarter. Huntington National Bank acquired a new position in shares of Charter Communications during the 3rd quarter worth about $128,000. Barrett Asset Management LLC lifted its position in shares of Charter Communications by 118.7% during the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after purchasing an additional 216 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Charter Communications by 50.7% during the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after purchasing an additional 151 shares during the last quarter. 76.36% of the stock is owned by institutional investors.
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In other Charter Communications news, CFO Christopher L. Winfrey bought 3,100 shares of Charter Communications stock in a transaction dated Monday, October 30th. The shares were acquired at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the acquisition, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by insiders.
Several equities analysts recently weighed in on the company. Morgan Stanley boosted their price objective on Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Macquarie reissued a “buy” rating and set a $430.00 price objective on shares of Charter Communications in a research report on Tuesday, October 3rd. reissued a “hold” rating and set a $360.00 price objective (up previously from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. Pivotal Research restated a “buy” rating and set a $420.00 price target (up from $405.00) on shares of Charter Communications in a research note on Friday, October 27th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $372.00 price target (up from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Thirteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $378.12.
Charter Communications, Inc. (NASDAQ:CHTR) traded up $5.28 during mid-day trading on Tuesday, hitting $343.72. The stock had a trading volume of 908,900 shares, compared to its average volume of 1,677,378. Charter Communications, Inc. has a 52 week low of $258.63 and a 52 week high of $408.83. The company has a market cap of $84,139.57, a price-to-earnings ratio of 210.21, a P/E/G ratio of 5.26 and a beta of 1.09. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The company had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts expect that Charter Communications, Inc. will post 2.77 earnings per share for the current fiscal year.
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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