Dupont Capital Management Corp Has $680,000 Position in Charter Communications Inc (CHTR)
Dupont Capital Management Corp decreased its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 13.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,087 shares of the company’s stock after selling 332 shares during the period. Dupont Capital Management Corp’s holdings in Charter Communications were worth $680,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Vigilant Capital Management LLC purchased a new stake in Charter Communications during the 3rd quarter worth $106,000. Chicago Partners Investment Group LLC grew its holdings in Charter Communications by 254.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock worth $101,000 after acquiring an additional 247 shares in the last quarter. Kaizen Advisory LLC grew its holdings in Charter Communications by 122.7% during the 2nd quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock worth $127,000 after acquiring an additional 238 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Charter Communications during the 2nd quarter worth $129,000. Finally, Sun Life Financial INC grew its holdings in Charter Communications by 89.8% during the 2nd quarter. Sun Life Financial INC now owns 501 shares of the company’s stock worth $147,000 after acquiring an additional 237 shares in the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider John Bickham sold 144,672 shares of Charter Communications stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total value of $46,687,101.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.83% of the company’s stock.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, October 26th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $1.06. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The business had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same period in the previous year, the business posted $0.19 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts forecast that Charter Communications Inc will post 5.19 EPS for the current year.
Several research analysts have weighed in on the stock. ValuEngine raised shares of Charter Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Barclays set a $259.00 price objective on shares of Charter Communications and gave the stock a “sell” rating in a report on Wednesday, October 10th. Buckingham Research raised their price objective on shares of Charter Communications from $397.00 to $418.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Citigroup decreased their price objective on shares of Charter Communications from $410.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, August 2nd. Finally, Pivotal Research raised their price objective on shares of Charter Communications from $375.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Charter Communications presently has a consensus rating of “Buy” and an average price target of $360.13.
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Charter Communications Company Profile
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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