DnB Asset Management AS Sells 1,276 Shares of Charter Communications, Inc. (CHTR)
DnB Asset Management AS decreased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,269 shares of the company’s stock after selling 1,276 shares during the period. DnB Asset Management AS’s holdings in Charter Communications were worth $7,146,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. AustralianSuper Pty Ltd bought a new stake in shares of Charter Communications in the 3rd quarter valued at approximately $18,135,000. Parametric Portfolio Associates LLC grew its position in Charter Communications by 8.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 394,493 shares of the company’s stock worth $143,367,000 after acquiring an additional 30,002 shares during the last quarter. AXA grew its position in Charter Communications by 3.1% during the 3rd quarter. AXA now owns 40,969 shares of the company’s stock worth $14,889,000 after acquiring an additional 1,242 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Charter Communications during the 3rd quarter worth approximately $180,000. Finally, GSA Capital Partners LLP bought a new stake in Charter Communications during the 3rd quarter worth approximately $2,351,000. 72.16% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on CHTR. Moffett Nathanson upgraded Charter Communications from a “neutral” rating to a “buy” rating in a research report on Monday. Wells Fargo & Co reaffirmed a “market perform” rating and set a $359.00 price objective (up previously from $340.00) on shares of Charter Communications in a report on Thursday, January 4th. Guggenheim raised Charter Communications from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. BidaskClub raised Charter Communications from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, Zacks Investment Research downgraded Charter Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $382.53.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at $355.27 on Friday. The company has a market capitalization of $87,220.00, a price-to-earnings ratio of 193.08, a P/E/G ratio of 2.60 and a beta of 1.06. Charter Communications, Inc. has a 12 month low of $292.84 and a 12 month high of $408.83. 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 issued its quarterly earnings data on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). The business had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. analysts expect that Charter Communications, Inc. will post 2.21 earnings per share for the current fiscal year.
In other Charter Communications news, CFO Christopher L. Winfrey acquired 3,100 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the purchase, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.56% of the company’s stock.
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Charter Communications Profile
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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