923 Shares in Charter Communications, Inc. (CHTR) Acquired by Dupont Capital Management Corp
Dupont Capital Management Corp acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 923 shares of the company’s stock, valued at approximately $311,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Treasurer State of Michigan increased its position in Charter Communications by 0.3% in the second quarter. State Treasurer State of Michigan now owns 70,900 shares of the company’s stock worth $23,883,000 after buying an additional 200 shares in the last quarter. Jennison Associates LLC increased its position in Charter Communications by 32.3% in the first quarter. Jennison Associates LLC now owns 3,286,979 shares of the company’s stock worth $1,075,894,000 after buying an additional 801,716 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in Charter Communications by 1.0% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 38,248 shares of the company’s stock worth $12,519,000 after buying an additional 389 shares in the last quarter. ING Groep NV increased its position in Charter Communications by 0.3% in the second quarter. ING Groep NV now owns 28,779 shares of the company’s stock worth $9,694,000 after buying an additional 77 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Charter Communications by 14.0% in the first quarter. Private Advisor Group LLC now owns 7,748 shares of the company’s stock worth $2,571,000 after buying an additional 949 shares in the last quarter. 74.15% of the stock is owned by institutional investors.
Charter Communications, Inc. (CHTR) opened at 388.82 on Wednesday. The stock has a market cap of $100.27 billion, a PE ratio of 111.38 and a beta of 1.09. Charter Communications, Inc. has a 12-month low of $241.50 and a 12-month high of $408.83. The firm has a 50-day moving average price of $371.91 and a 200-day moving average price of $340.92.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Analysts forecast that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
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CHTR has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price objective on shares of Charter Communications from $356.00 to $420.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. Morgan Stanley upped their price objective on shares of Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Pivotal Research reaffirmed a “buy” rating on shares of Charter Communications in a research note on Sunday, July 30th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Charter Communications in a research note on Wednesday, June 28th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $410.00 price objective (up previously from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and an average target price of $382.20.
In related news, EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the sale, the executive vice president now owns 18,025 shares in the company, valued at $7,191,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.
Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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