Pitcairn Co. Acquires 1,489 Shares of Charter Communications, Inc. (CHTR)
Pitcairn Co. grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,834 shares of the company’s stock after purchasing an additional 1,489 shares during the quarter. Pitcairn Co.’s holdings in Charter Communications were worth $1,960,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Meritage Group LP raised its holdings in shares of Charter Communications by 3.4% in the 3rd quarter. Meritage Group LP now owns 2,819,596 shares of the company’s stock valued at $1,024,698,000 after purchasing an additional 92,620 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Charter Communications by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,300,679 shares of the company’s stock worth $836,081,000 after acquiring an additional 51,758 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Charter Communications by 315.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock worth $503,237,000 after acquiring an additional 1,051,151 shares in the last quarter. Swiss National Bank raised its stake in shares of Charter Communications by 1.1% during the 3rd quarter. Swiss National Bank now owns 867,209 shares of the company’s stock worth $315,161,000 after acquiring an additional 9,600 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Charter Communications by 30.0% during the 4th quarter. Brown Advisory Inc. now owns 770,692 shares of the company’s stock worth $258,920,000 after acquiring an additional 178,003 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.
Several research analysts recently commented on CHTR shares. Citigroup reiterated a “buy” rating and set a $436.00 price objective (down previously from $453.00) on shares of Charter Communications in a research note on Wednesday, February 7th. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Buckingham Research started coverage on shares of Charter Communications in a research note on Wednesday, December 13th. They set a “buy” rating and a $415.00 price objective for the company. BidaskClub lowered shares of Charter Communications from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, Pivotal Research reiterated a “buy” rating and set a $500.00 price objective (up previously from $420.00) on shares of Charter Communications in a research note on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $407.17.
Shares of Charter Communications, Inc. (CHTR) opened at $332.75 on Monday. The firm has a market cap of $79,362.87, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 3.00 and a beta of 1.20. Charter Communications, Inc. has a 12-month low of $308.30 and a 12-month high of $408.83. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.23 and a current ratio of 0.23.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. Charter Communications’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. equities analysts expect that Charter Communications, Inc. will post 4.25 earnings per share for the current year.
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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