Evercore Wealth Management LLC Sells 12 Shares of Charter Communications, Inc. (CHTR)
Evercore Wealth Management LLC lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302 shares of the company’s stock after selling 12 shares during the quarter. Evercore Wealth Management LLC’s holdings in Charter Communications were worth $102,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CHTR. Baird Financial Group Inc. purchased a new position in Charter Communications in the first quarter valued at about $222,000. Envestnet Asset Management Inc. grew its stake in Charter Communications by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 5,488 shares of the company’s stock valued at $1,793,000 after purchasing an additional 131 shares in the last quarter. Schroder Investment Management Group grew its stake in Charter Communications by 60.4% in the first quarter. Schroder Investment Management Group now owns 86,801 shares of the company’s stock valued at $28,482,000 after purchasing an additional 32,684 shares in the last quarter. Dai Ichi Life Insurance Company Ltd grew its stake in Charter Communications by 144.8% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 27,430 shares of the company’s stock valued at $8,978,000 after purchasing an additional 16,226 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its stake in Charter Communications by 1.0% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 38,248 shares of the company’s stock valued at $12,519,000 after purchasing an additional 389 shares in the last quarter. Hedge funds and other institutional investors own 74.09% of the company’s stock.
CHTR has been the topic of a number of recent research reports. Pivotal Research restated a “buy” rating on shares of Charter Communications in a research note on Sunday, July 30th. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Deutsche Bank AG restated a “buy” rating and issued a $410.00 target price (up previously from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. UBS AG restated a “buy” rating and issued a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Finally, Citigroup Inc. boosted their target price on Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $379.19.
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Shares of Charter Communications, Inc. (NASDAQ:CHTR) opened at 363.42 on Friday. The company’s 50-day moving average price is $389.33 and its 200 day moving average price is $348.25. The company has a market cap of $93.72 billion, a P/E ratio of 104.10 and a beta of 1.10. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.29). Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts forecast that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
In other news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the sale, the executive vice president now owns 18,025 shares in the company, valued at $7,191,975. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.
Charter Communications Company 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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