Calamos Advisors LLC lessened its position in Charter Communications Inc (NASDAQ:CHTR) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,032 shares of the company’s stock after selling 641 shares during the period. Calamos Advisors LLC’s holdings in Charter Communications were worth $17,963,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in CHTR. Nuveen Asset Management LLC grew its position in shares of Charter Communications by 13,657.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 684,700 shares of the company’s stock valued at $270,579,000 after acquiring an additional 679,723 shares during the period. Rothschild & Co Wealth Management UK Ltd bought a new stake in shares of Charter Communications during the 2nd quarter worth about $159,437,000. Morgan Stanley boosted its holdings in shares of Charter Communications by 101.1% during the 2nd quarter. Morgan Stanley now owns 485,487 shares of the company’s stock worth $191,856,000 after buying an additional 244,117 shares during the period. Cryder Capital Partners LLP bought a new stake in shares of Charter Communications during the 3rd quarter worth about $91,128,000. Finally, Bristol John W & Co. Inc. NY bought a new stake in shares of Charter Communications during the 3rd quarter worth about $77,454,000. 72.76% of the stock is owned by institutional investors.
Several brokerages recently commented on CHTR. Wells Fargo & Co lifted their target price on shares of Charter Communications from $400.00 to $450.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Guggenheim raised shares of Charter Communications to a “buy” rating and lifted their target price for the stock from $488.00 to $528.00 in a report on Monday, October 28th. SunTrust Banks lifted their target price on shares of Charter Communications to $495.00 and gave the stock a “buy” rating in a report on Monday, October 28th. TD Securities lifted their target price on shares of Charter Communications from $490.00 to $495.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Credit Suisse Group lifted their target price on shares of Charter Communications from $400.00 to $430.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $456.48.
Shares of Charter Communications stock opened at $515.40 on Thursday. Charter Communications Inc has a twelve month low of $279.33 and a twelve month high of $517.07. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.76. The company has a 50-day simple moving average of $481.94 and a two-hundred day simple moving average of $436.95. The stock has a market capitalization of $109.46 billion, a price-to-earnings ratio of 98.74, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.08. Charter Communications had a net margin of 2.76% and a return on equity of 2.91%. The business had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.42 billion. During the same quarter in the previous year, the company earned $2.11 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Charter Communications Inc will post 6.9 earnings per share for the current fiscal year.
In other news, Director Lance Conn sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $460.87, for a total value of $460,870.00. Following the completion of the transaction, the director now directly owns 7,552 shares in the company, valued at approximately $3,480,490.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Jonathan Hargis sold 1,234 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $464.80, for a total transaction of $573,563.20. Following the completion of the transaction, the chief marketing officer now owns 12,895 shares of the company’s stock, valued at $5,993,596. The disclosure for this sale can be found here. Insiders sold a total of 4,434 shares of company stock valued at $2,103,797 in the last quarter. Corporate 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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