Charter Communications Inc (NASDAQ:CHTR) Stake Lowered by TD Asset Management Inc.

TD Asset Management Inc. reduced its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,442 shares of the company’s stock after selling 4,142 shares during the period. TD Asset Management Inc.’s holdings in Charter Communications were worth $37,322,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Egerton Capital UK LLP increased its holdings in shares of Charter Communications by 21.4% during the 1st quarter. Egerton Capital UK LLP now owns 2,846,860 shares of the company’s stock worth $987,604,000 after purchasing an additional 502,358 shares during the period. FIL Ltd increased its holdings in shares of Charter Communications by 416.0% during the 1st quarter. FIL Ltd now owns 598,353 shares of the company’s stock worth $207,575,000 after purchasing an additional 482,397 shares during the period. Jackson Square Partners LLC increased its holdings in shares of Charter Communications by 53.1% during the 1st quarter. Jackson Square Partners LLC now owns 1,149,607 shares of the company’s stock worth $398,810,000 after purchasing an additional 398,865 shares during the period. GQG Partners LLC bought a new position in shares of Charter Communications during the 1st quarter worth about $93,597,000. Finally, Geode Capital Management LLC increased its holdings in shares of Charter Communications by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 2,218,112 shares of the company’s stock worth $630,980,000 after purchasing an additional 167,729 shares during the period. 72.55% of the stock is owned by institutional investors and hedge funds.

NASDAQ CHTR traded up $1.90 on Thursday, reaching $377.08. The company’s stock had a trading volume of 218,738 shares, compared to its average volume of 1,211,747. The stock has a market capitalization of $83.34 billion, a price-to-earnings ratio of 72.24, a PEG ratio of 1.29 and a beta of 1.23. The company’s 50-day moving average price is $396.87. Charter Communications Inc has a 52 week low of $272.91 and a 52 week high of $417.13. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.34 and a current ratio of 0.34.



Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 26th. The company reported $1.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.40). The firm had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.40 billion. Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. Charter Communications’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 earnings per share. As a group, equities analysts forecast that Charter Communications Inc will post 6.91 EPS for the current year.

CHTR has been the topic of several research reports. TD Securities dropped their price objective on shares of Charter Communications from $460.00 to $450.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Rosenblatt Securities reissued a “buy” rating and issued a $480.00 target price on shares of Charter Communications in a research note on Monday, July 29th. UBS Group upped their target price on shares of Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Cowen upped their target price on shares of Charter Communications from $413.00 to $433.00 and gave the company an “in-line” rating in a research note on Monday, July 29th. Finally, ValuEngine cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $416.06.

In other Charter Communications news, Director Lance Conn sold 927 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total transaction of $370,800.00. Following the sale, the director now directly owns 9,552 shares of the company’s stock, valued at $3,820,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the sale, the director now directly owns 11,773 shares in the company, valued at $4,588,879.94. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by corporate insiders.

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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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