Charter Communications, Inc. (CHTR) Position Held by Gofen & Glossberg LLC IL
Gofen & Glossberg LLC IL continued to hold its position in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,336 shares of the company’s stock at the close of the second quarter. Gofen & Glossberg LLC IL’s holdings in Charter Communications were worth $450,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Charter Communications by 2.4% during the 2nd 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 in the last quarter. BlackRock Inc. increased its holdings in Charter Communications by 4.1% during the 2nd 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 in the last quarter. Capital World Investors increased its holdings in Charter Communications by 4.1% during the 2nd 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 in the last quarter. Veritas Asset Management LLP increased its holdings in Charter Communications by 7.4% during the 2nd quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company’s stock worth $1,295,225,000 after purchasing an additional 263,674 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Charter Communications by 10.1% during the 2nd quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock worth $1,222,283,000 after purchasing an additional 331,597 shares in the last quarter. Hedge funds and other institutional investors own 74.09% of the company’s stock.
A number of equities analysts have issued reports on the company. Robert W. Baird reiterated a “hold” rating and set a $365.00 target price on shares of Charter Communications in a report on Wednesday, October 4th. Macquarie reiterated a “buy” rating and set a $430.00 target price on shares of Charter Communications in a report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $420.00 target price on shares of Charter Communications in a report on Monday, September 18th. Evercore ISI increased their target price on Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Finally, Telsey Advisory Group cut Charter Communications from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $450.00 to $340.00 in a report on Tuesday, September 5th. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $381.86.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total value of $4,379,424.00. Following the sale, the executive vice president now directly owns 18,025 shares in the company, valued at approximately $7,191,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.
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Charter Communications, Inc. (CHTR) traded down 1.04% during midday trading on Tuesday, hitting $358.84. 233,157 shares of the stock were exchanged. The firm’s 50-day moving average price is $373.98 and its 200 day moving average price is $353.43. The firm has a market capitalization of $92.54 billion, a P/E ratio of 102.79 and a beta of 1.10. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts expect that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
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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