Clarius Group LLC grew its position in Charter Communications Inc (NASDAQ:CHTR) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,427 shares of the company’s stock after purchasing an additional 99 shares during the period. Clarius Group LLC’s holdings in Charter Communications were worth $728,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in shares of Charter Communications during the fourth quarter worth $25,000. Patriot Financial Group Insurance Agency LLC grew its position in Charter Communications by 82.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 71 shares of the company’s stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in Charter Communications in the first quarter valued at $32,000. Gemmer Asset Management LLC grew its position in Charter Communications by 122.2% in the first quarter. Gemmer Asset Management LLC now owns 80 shares of the company’s stock valued at $35,000 after purchasing an additional 44 shares in the last quarter. Finally, Procyon Private Wealth Partners LLC bought a new position in Charter Communications in the fourth quarter valued at $37,000. Institutional investors own 62.85% of the company’s stock.
CHTR has been the subject of a number of analyst reports. Benchmark raised their target price on shares of Charter Communications from $523.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Nomura reissued a “hold” rating and issued a $500.00 price objective on shares of Charter Communications in a research report on Wednesday, May 6th. UBS Group cut their target price on shares of Charter Communications from $595.00 to $575.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Barclays raised shares of Charter Communications from an “underweight” rating to an “equal weight” rating and set a $375.00 price target on the stock in a report on Wednesday, March 18th. Finally, KeyCorp boosted their target price on shares of Charter Communications from $576.00 to $604.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Ten investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $543.13.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, May 1st. The company reported $1.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.71 by ($0.85). Charter Communications had a return on equity of 4.66% and a net margin of 3.91%. The business had revenue of $11.74 billion for the quarter, compared to analyst estimates of $11.78 billion. During the same quarter in the previous year, the company posted $1.11 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that Charter Communications Inc will post 11.35 earnings per share for the current fiscal year.
In other news, CMO Jonathan Hargis sold 5,805 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $522.10, for a total value of $3,030,790.50. Also, CFO Christopher L. Winfrey sold 9,239 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $508.51, for a total transaction of $4,698,123.89. Following the completion of the sale, the chief financial officer now owns 149,917 shares of the company’s stock, valued at approximately $76,234,293.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,538 shares of company stock valued at $23,828,889. Company insiders own 1.18% of the company’s stock.
Charter Communications 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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