Raine Capital LLC Sells 10,000 Shares of Charter Communications, Inc. (CHTR)
Raine Capital LLC decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 20.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,000 shares of the company’s stock after selling 10,000 shares during the quarter. Charter Communications accounts for approximately 10.6% of Raine Capital LLC’s holdings, making the stock its 4th biggest position. Raine Capital LLC’s holdings in Charter Communications were worth $13,474,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of CHTR. BlackRock Inc. grew its holdings in shares of Charter Communications by 2,782.4% during the first quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock valued at $3,997,603,000 after buying an additional 11,789,426 shares in the last quarter. FMR LLC grew its holdings in shares of Charter Communications by 12.4% during the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after buying an additional 1,165,353 shares in the last quarter. Janus Henderson Group PLC grew its stake in Charter Communications by 2,099.6% in the second quarter. Janus Henderson Group PLC now owns 604,019 shares of the company’s stock valued at $203,464,000 after purchasing an additional 576,559 shares in the last quarter. Capital World Investors grew its stake in Charter Communications by 4.1% in the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock valued at $3,441,033,000 after purchasing an additional 402,167 shares in the last quarter. Finally, Allen Investment Management LLC purchased a new position in Charter Communications in the second quarter valued at about $127,850,000. Institutional investors and hedge funds own 74.10% of the company’s stock.
A number of brokerages have commented on CHTR. Macquarie restated a “buy” rating and issued a $430.00 target price on shares of Charter Communications in a research note on Tuesday. Robert W. Baird restated a “hold” rating and issued a $365.00 target price on shares of Charter Communications in a research note on Wednesday. HSBC Holdings plc restated a “hold” rating and issued a $360.00 target price (up previously from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. 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, Telsey Advisory Group upgraded Charter Communications from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $340.00 to $450.00 in a research note on Wednesday, August 9th. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $381.86.
In related news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction dated 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 transaction, the executive vice president now owns 18,025 shares in the company, valued at $7,191,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.watchlistnews.com/raine-capital-llc-sells-10000-shares-of-charter-communications-inc-chtr/1613044.html.
Shares of Charter Communications, Inc. (CHTR) traded down 0.14% during mid-day trading on Friday, hitting $369.21. The company’s stock had a trading volume of 391,031 shares. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83. The company has a 50-day moving average price of $379.63 and a 200-day moving average price of $351.32. The stock has a market cap of $95.21 billion, a PE ratio of 105.76 and a beta of 1.10.
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. Analysts predict that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
Charter Communications 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.
Receive News & Ratings for Charter Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.