Cambridge Investment Research Advisors Inc. decreased its holdings in Charter Communications Inc (NASDAQ:CHTR) by 13.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,035 shares of the company’s stock after selling 163 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Charter Communications were worth $409,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Charter Communications in the 2nd quarter valued at about $34,000. Ibex Wealth Advisors acquired a new stake in Charter Communications in the 2nd quarter valued at about $49,000. Contravisory Investment Management Inc. acquired a new stake in Charter Communications in the 2nd quarter valued at about $66,000. Quantamental Technologies LLC acquired a new stake in Charter Communications in the 2nd quarter valued at about $72,000. Finally, Trustcore Financial Services LLC raised its holdings in Charter Communications by 496.8% in the 2nd quarter. Trustcore Financial Services LLC now owns 185 shares of the company’s stock valued at $73,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 72.32% of the company’s stock.
NASDAQ:CHTR opened at $423.16 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $93.72 billion, a P/E ratio of 81.07, a PEG ratio of 1.54 and a beta of 1.21. The company has a 50 day moving average price of $415.81 and a 200 day moving average price of $389.87. Charter Communications Inc has a fifty-two week low of $272.91 and a fifty-two week high of $432.16.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.40). The company had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 EPS. Research analysts forecast that Charter Communications Inc will post 6.6 earnings per share for the current fiscal year.
A number of analysts have commented on CHTR shares. Nomura increased their price objective on shares of Charter Communications from $350.00 to $380.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Citigroup increased their price objective on shares of Charter Communications from $455.00 to $483.00 and gave the company a “buy” rating in a report on Friday, October 4th. TD Securities cut their price objective on shares of Charter Communications from $460.00 to $450.00 and set a “hold” rating for the company in a report on Monday, July 29th. BidaskClub upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Guggenheim raised their price target on shares of Charter Communications from $440.00 to $488.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $427.42.
In related news, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the director now owns 11,773 shares of the company’s stock, valued at approximately $4,588,879.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.84% 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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