12,000 Shares in Charter Communications Inc (CHTR) Purchased by Jafra Capital Management LP
Jafra Capital Management LP acquired a new position in Charter Communications Inc (NASDAQ:CHTR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,000 shares of the company’s stock, valued at approximately $3,519,000. Charter Communications accounts for about 1.2% of Jafra Capital Management LP’s portfolio, making the stock its 21st biggest position.
Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in shares of Charter Communications by 166.7% in the first quarter. Assetmark Inc. now owns 360 shares of the company’s stock worth $112,000 after acquiring an additional 225 shares during the period. Silvant Capital Management LLC acquired a new position in shares of Charter Communications in the first quarter worth approximately $117,000. Kaizen Advisory LLC lifted its stake in shares of Charter Communications by 122.7% in the second quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock worth $127,000 after acquiring an additional 238 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Charter Communications in the second quarter worth approximately $129,000. Finally, Synovus Financial Corp acquired a new position in shares of Charter Communications in the first quarter worth approximately $140,000. 71.12% of the stock is currently owned by institutional investors.
A number of research firms recently commented on CHTR. BidaskClub raised Charter Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Macquarie reaffirmed a “buy” rating and issued a $355.00 price objective on shares of Charter Communications in a research note on Wednesday. ValuEngine raised Charter Communications from a “sell” rating to a “hold” rating in a research note on Wednesday. Pivotal Research lifted their price objective on Charter Communications from $375.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, Credit Suisse Group began coverage on Charter Communications in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $294.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $368.93.
Shares of CHTR stock opened at $319.21 on Friday. The company has a market capitalization of $72.46 billion, a price-to-earnings ratio of 107.76, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.46. Charter Communications Inc has a fifty-two week low of $250.10 and a fifty-two week high of $396.64.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Tuesday, July 31st. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.20. The business had revenue of $10.85 billion during the quarter, compared to the consensus estimate of $10.83 billion. Charter Communications had a return on equity of 1.45% and a net margin of 23.59%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. research analysts anticipate that Charter Communications Inc will post 4.43 earnings per share for the current year.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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