Charter Communications, Inc. (CHTR) Shares Bought by First Republic Investment Management Inc.
First Republic Investment Management Inc. lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 11.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,548 shares of the company’s stock after purchasing an additional 376 shares during the quarter. First Republic Investment Management Inc.’s holdings in Charter Communications were worth $1,289,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in CHTR. KSA Capital Management LLC purchased a new position in Charter Communications during the third quarter valued at approximately $363,000. Antipodean Advisors LLC grew its holdings in Charter Communications by 20.9% in the third quarter. Antipodean Advisors LLC now owns 62,000 shares of the company’s stock valued at $22,532,000 after purchasing an additional 10,700 shares during the period. Magnetar Financial LLC acquired a new stake in Charter Communications in the third quarter valued at approximately $1,831,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Charter Communications by 1.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 134,809 shares of the company’s stock valued at $48,992,000 after purchasing an additional 1,308 shares during the period. Finally, AMP Capital Investors Ltd grew its holdings in Charter Communications by 3.1% in the third quarter. AMP Capital Investors Ltd now owns 77,135 shares of the company’s stock valued at $28,034,000 after purchasing an additional 2,292 shares during the period. Hedge funds and other institutional investors own 72.22% of the company’s stock.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) opened at $329.00 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $82,040.00, a P/E ratio of 205.89, a PEG ratio of 6.17 and a beta of 1.06. Charter Communications, Inc. has a 12 month low of $281.99 and a 12 month high of $408.83.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The firm had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. research analysts predict that Charter Communications, Inc. will post 2.21 EPS for the current fiscal year.
CHTR has been the topic of several research analyst reports. Citigroup raised their price objective on Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a report on Tuesday, August 22nd. Telsey Advisory Group lowered Charter Communications from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $450.00 to $340.00 in a report on Tuesday, September 5th. Evercore ISI raised their price objective on 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 reissued a “buy” rating and issued a $420.00 price objective on shares of Charter Communications in a report on Monday, September 18th. Finally, Macquarie reissued a “buy” rating and issued a $430.00 price objective on shares of Charter Communications in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $383.21.
In other news, CFO Christopher L. Winfrey purchased 3,100 shares of the stock in a transaction dated Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the purchase, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
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About Charter Communications
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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