Global X Management Co. LLC Sells 7 Shares of Charter Communications, Inc. (NASDAQ:CHTR)
Global X Management Co. LLC lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 4,878 shares of the company’s stock after selling 7 shares during the period. Global X Management Co. LLC’s holdings in Charter Communications were worth $1,643,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CHTR. Cornerstone Advisors Inc. raised its position in Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after buying an additional 16 shares during the period. Burt Wealth Advisors bought a new position in Charter Communications during the first quarter valued at approximately $115,000. Barrett Asset Management LLC raised its position in Charter Communications by 118.7% in the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after buying an additional 216 shares during the period. Bessemer Group Inc. raised its position in Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after buying an additional 151 shares during the period. Finally, CAPROCK Group Inc. bought a new position in Charter Communications during the second quarter valued at approximately $200,000. 77.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at 394.49 on Friday. The firm has a market capitalization of $101.73 billion, a price-to-earnings ratio of 113.00 and a beta of 1.09. The company’s 50 day moving average price is $355.52 and its 200 day moving average price is $335.77. Charter Communications, Inc. has a 52-week low of $241.50 and a 52-week high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data 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 return on equity of 1.15% and a net margin of 2.29%. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.38 billion. During the same quarter in the prior year, the business posted $0.99 EPS. Charter Communications’s revenue was up 3.9% compared to the same quarter last year. Analysts forecast that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
Several equities analysts recently commented on the company. HSBC Holdings plc reissued a “hold” rating and set a $360.00 price target (up from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Barclays PLC set a $354.00 price target on Charter Communications and gave the stock an “equal weight” rating in a research report on Wednesday, August 2nd. Telsey Advisory Group raised Charter Communications from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $340.00 to $450.00 in a research report on Wednesday. Finally, Guggenheim lowered Charter Communications from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $370.00 to $400.00 in a research report on Thursday, August 3rd. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Charter Communications has a consensus rating of “Buy” and a consensus target price of $365.25.
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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