Charter Communications, Inc. (CHTR) Position Increased by USA Financial Portformulas Corp
USA Financial Portformulas Corp increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,294 shares of the company’s stock after buying an additional 207 shares during the period. Charter Communications accounts for 1.5% of USA Financial Portformulas Corp’s holdings, making the stock its 11th biggest position. USA Financial Portformulas Corp’s holdings in Charter Communications were worth $6,285,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in Charter Communications by 43.3% during the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after buying an additional 93 shares in the last quarter. Cornerstone Advisors Inc. boosted its holdings in Charter Communications by 4.9% during the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after buying an additional 16 shares in the last quarter. Huntington National Bank purchased a new stake in Charter Communications during the third quarter worth $128,000. Barrett Asset Management LLC boosted its holdings in Charter Communications by 118.7% during the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after buying an additional 216 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Charter Communications by 50.7% during the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after buying an additional 151 shares in the last quarter. 73.97% of the stock is currently owned by hedge funds and other institutional investors.
Charter Communications, Inc. (CHTR) traded up $12.97 during midday trading on Tuesday, hitting $348.40. 3,951,110 shares of the stock traded hands, compared to its average volume of 2,240,000. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $86,620.00, a price-to-earnings ratio of 208.34, a price-to-earnings-growth ratio of 5.21 and a beta of 1.10. Charter Communications, Inc. has a twelve month low of $252.90 and a twelve month high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. Charter Communications’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. analysts forecast that Charter Communications, Inc. will post 2.77 EPS for the current fiscal year.
In related news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was 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 owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christopher L. Winfrey purchased 3,100 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the purchase, the chief financial officer now owns 49,916 shares in the company, valued at $16,153,316.76. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.
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CHTR has been the topic of several recent analyst reports. Telsey Advisory Group downgraded shares of 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. Barclays PLC decreased their price objective on shares of Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. Evercore ISI increased their price objective on shares of Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Royal Bank Of Canada increased their price objective on shares of Charter Communications from $356.00 to $420.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $365.00 price objective on shares of Charter Communications in a report on Wednesday, October 4th. Twelve equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $378.12.
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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