Banbury Partners LLC Cuts Stake in Charter Communications, Inc. (CHTR)
Banbury Partners LLC lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,174 shares of the company’s stock after selling 1,891 shares during the period. Charter Communications accounts for 7.4% of Banbury Partners LLC’s holdings, making the stock its 5th biggest holding. Banbury Partners LLC’s holdings in Charter Communications were worth $30,227,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Charter Communications by 2.4% during the second quarter. Vanguard Group Inc. now owns 13,814,543 shares of the company’s stock worth $4,653,428,000 after purchasing an additional 321,938 shares during the period. BlackRock Inc. lifted its holdings in shares of Charter Communications by 4.1% during the second quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock worth $4,281,266,000 after purchasing an additional 496,574 shares during the period. Capital World Investors lifted its holdings in shares of Charter Communications by 4.1% during the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock worth $3,441,033,000 after purchasing an additional 402,167 shares during the period. Veritas Asset Management LLP raised its stake in Charter Communications by 7.4% during the second quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company’s stock worth $1,295,225,000 after buying an additional 263,674 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Charter Communications by 10.1% during the second quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock worth $1,222,283,000 after buying an additional 331,597 shares during the last quarter. Institutional investors own 72.22% of the company’s stock.
Shares of Charter Communications, Inc. (CHTR) opened at $322.64 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. The firm has a market cap of $82,280.00, a price-to-earnings ratio of 207.45, a price-to-earnings-growth ratio of 6.22 and a beta of 1.06. Charter Communications, Inc. has a 52 week low of $275.11 and a 52 week high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.77). The business had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. equities research analysts predict that Charter Communications, Inc. will post 2.21 EPS for the current year.
A number of equities analysts recently weighed in on CHTR shares. Robert W. Baird reissued a “hold” rating and set a $365.00 target price on shares of Charter Communications in a research note on Wednesday, October 4th. UBS reissued a “buy” rating and set a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Royal Bank Of Canada reissued a “buy” rating and set a $400.00 target price on shares of Charter Communications in a research note on Thursday, November 2nd. Citigroup lifted their target price on shares of Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research raised shares of Charter Communications from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Charter Communications currently has a consensus rating of “Buy” and an average price target of $378.12.
In other Charter Communications news, CFO Christopher L. Winfrey bought 3,100 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was bought at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the transaction, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $16,153,316.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
Charter Communications 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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