Engineers Gate Manager LP Acquires Shares of 4,248 Charter Communications, Inc. (CHTR)
Engineers Gate Manager LP acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,248 shares of the company’s stock, valued at approximately $1,544,000.
Several other institutional investors and hedge funds have also bought and sold shares of CHTR. Parallel Advisors LLC lifted its holdings in Charter Communications by 43.3% during the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after purchasing an additional 93 shares in the last quarter. Huntington National Bank purchased a new position in Charter Communications during the third quarter valued at approximately $128,000. Bessemer Group Inc. lifted its holdings in Charter Communications by 50.7% during the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after purchasing an additional 151 shares in the last quarter. Rational Advisors LLC purchased a new position in Charter Communications during the second quarter valued at approximately $168,000. Finally, Quadrant Capital Group LLC lifted its holdings in Charter Communications by 5.9% during the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock valued at $194,000 after purchasing an additional 38 shares in the last quarter. 72.22% of the stock is currently owned by institutional investors.
In other Charter Communications news, CFO Christopher L. Winfrey purchased 3,100 shares of Charter Communications stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.
Several equities analysts have weighed in on the stock. Citigroup lifted their price target on shares of Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a report on Tuesday, August 22nd. UBS reaffirmed a “buy” rating and set a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Telsey Advisory Group downgraded shares of Charter Communications from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $450.00 to $340.00 in a report on Tuesday, September 5th. Evercore ISI lifted their price objective on shares of Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Finally, Robert W. Baird reiterated a “hold” rating and set a $365.00 price objective on shares of Charter Communications in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $378.12.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) opened at $324.50 on Monday. The stock has a market cap of $80,670.00, a P/E ratio of 201.55, a PEG ratio of 6.04 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a 1 year low of $275.34 and a 1 year high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results 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 return on equity of 0.91% and a net margin of 1.93%. The business 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 firm posted $0.69 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts expect that Charter Communications, Inc. will post 2.21 EPS for the current 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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