Charter Communications Inc (CHTR) Holdings Boosted by Boston Advisors LLC
Boston Advisors LLC raised its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 10.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,758 shares of the company’s stock after purchasing an additional 2,150 shares during the period. Boston Advisors LLC’s holdings in Charter Communications were worth $7,895,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of CHTR. Longview Partners Guernsey LTD purchased a new position in shares of Charter Communications in the fourth quarter worth about $846,691,000. Norges Bank purchased a new position in shares of Charter Communications in the fourth quarter worth about $360,022,000. DNB Asset Management AS lifted its stake in shares of Charter Communications by 1,950.6% in the first quarter. DNB Asset Management AS now owns 414,377 shares of the company’s stock worth $143,752,000 after buying an additional 394,169 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Charter Communications by 34,636.6% in the third quarter. Rehmann Capital Advisory Group now owns 347,713 shares of the company’s stock worth $1,067,000 after buying an additional 346,712 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of Charter Communications in the third quarter worth about $104,551,000. 74.90% of the stock is currently owned by institutional investors and hedge funds.
In other Charter Communications news, insider John Bickham sold 14,017 shares of Charter Communications stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $340.86, for a total transaction of $4,777,834.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Hargis sold 15,000 shares of Charter Communications stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $339.51, for a total transaction of $5,092,650.00. Following the sale, the executive vice president now owns 15,964 shares of the company’s stock, valued at $5,419,937.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,233 shares of company stock valued at $19,544,909. Company insiders own 0.84% of the company’s stock.
Shares of CHTR traded up $0.58 during trading on Tuesday, reaching $358.63. 711,791 shares of the company traded hands, compared to its average volume of 1,301,532. Charter Communications Inc has a twelve month low of $250.10 and a twelve month high of $368.02. The stock has a market cap of $80.69 billion, a PE ratio of 68.70, a P/E/G ratio of 1.11 and a beta of 1.40. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.23 and a quick ratio of 0.23.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, January 31st. The company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.15 billion. As a group, sell-side analysts expect that Charter Communications Inc will post 7.54 earnings per share for the current fiscal year.
Charter Communications Company 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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