LMR Partners LLP purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,642 shares of the company’s stock, valued at approximately $2,237,000.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of Charter Communications by 20.6% in the first quarter. Russell Investments Group Ltd. now owns 293,308 shares of the company’s stock valued at $95,988,000 after buying an additional 50,120 shares during the last quarter. Strs Ohio boosted its stake in shares of Charter Communications by 7.9% in the first quarter. Strs Ohio now owns 185,764 shares of the company’s stock valued at $60,804,000 after buying an additional 13,547 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Charter Communications by 69.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,656 shares of the company’s stock valued at $869,000 after buying an additional 1,088 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Charter Communications during the first quarter valued at $732,000. Finally, First Manhattan Co. boosted its stake in shares of Charter Communications by 4.0% in the first quarter. First Manhattan Co. now owns 11,143 shares of the company’s stock valued at $3,008,000 after buying an additional 430 shares during the last quarter. 77.79% of the stock is owned by institutional investors and hedge funds.

Charter Communications, Inc. (NASDAQ CHTR) opened at 397.73 on Wednesday. The stock has a market capitalization of $102.57 billion, a PE ratio of 113.93 and a beta of 1.09. Charter Communications, Inc. has a 12 month low of $241.50 and a 12 month high of $408.83. The company’s 50-day moving average is $359.39 and its 200-day moving average is $337.18.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share 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 business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.38 billion. During the same period last year, the company earned $0.99 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that Charter Communications, Inc. will post $0.60 EPS for the current year.

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Several equities research analysts have weighed in on the stock. UBS AG reissued a “buy” rating and set a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a research report on Monday. BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Telsey Advisory Group raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and increased their price target for the company from $340.00 to $450.00 in a research report on Wednesday, August 9th. Deutsche Bank AG reissued a “buy” rating and set a $410.00 price target (up previously from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. Finally, HSBC Holdings plc reaffirmed a “hold” rating and issued a $360.00 target price (up from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. Eleven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $369.96.

In related news, EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 18,025 shares of the company’s stock, valued at $7,191,975. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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