Burleson & Company LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 60 shares of the company’s stock, valued at approximately $37,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. increased its position in shares of Charter Communications by 1.0% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 436,060 shares of the company’s stock valued at $288,475,000 after acquiring an additional 4,249 shares during the last quarter. Calamos Advisors LLC lifted its stake in Charter Communications by 3.2% during the first quarter. Calamos Advisors LLC now owns 29,267 shares of the company’s stock worth $18,058,000 after purchasing an additional 918 shares in the last quarter. Twinbeech Capital LP acquired a new position in Charter Communications during the 4th quarter worth about $3,837,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Charter Communications during the 4th quarter valued at about $2,738,000. Finally, Artemis Investment Management LLP acquired a new position in Charter Communications in the 1st quarter valued at about $2,466,000. 69.72% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on CHTR. Raymond James raised their price objective on shares of Charter Communications from $690.00 to $720.00 and gave the company an “outperform” rating in a research note on Friday, May 7th. Argus boosted their price target on shares of Charter Communications from $700.00 to $775.00 and gave the stock a “buy” rating in a research note on Wednesday, May 12th. Credit Suisse Group increased their price objective on Charter Communications from $724.00 to $780.00 and gave the company an “outperform” rating in a research note on Monday, May 3rd. TD Securities boosted their target price on Charter Communications from $740.00 to $750.00 and gave the stock a “hold” rating in a research note on Tuesday, May 11th. Finally, Citigroup increased their price target on Charter Communications from $708.00 to $724.00 and gave the company a “neutral” rating in a research report on Wednesday, June 2nd. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $710.24.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, April 29th. The company reported $4.11 EPS for the quarter, missing analysts’ consensus estimates of $4.34 by ($0.23). Charter Communications had a return on equity of 11.02% and a net margin of 7.43%. The company had revenue of $12.52 billion for the quarter, compared to analysts’ expectations of $12.50 billion. During the same period in the prior year, the firm posted $1.86 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts forecast that Charter Communications, Inc. will post 19.62 earnings per share for the current year.
In other Charter Communications news, Director David C. Merritt sold 1,000 shares of Charter Communications stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $697.45, for a total transaction of $697,450.00. Following the completion of the transaction, the director now owns 8,907 shares in the company, valued at $6,212,187.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Ellen sold 10,443 shares of the stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $669.65, for a total transaction of $6,993,154.95. Following the completion of the sale, the insider now owns 38,711 shares in the company, valued at $25,922,821.15. The disclosure for this sale can be found here. Insiders sold a total of 22,590 shares of company stock valued at $15,306,235 over the last ninety days. 1.00% of the stock is currently owned by company insiders.
Charter Communications Profile
Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company provides Internet services, such as security suite that protects computers from viruses and spyware; in-home WiFi, which provides customers with high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; and Spectrum WiFi services, as well as video services.
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