State Board of Administration of Florida Retirement System Sells 2,400 Shares of Charter Communications, Inc. (CHTR)
State Board of Administration of Florida Retirement System decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 290,881 shares of the company’s stock after selling 2,400 shares during the period. State Board of Administration of Florida Retirement System owned 0.11% of Charter Communications worth $105,712,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of CHTR. MML Investors Services LLC grew its stake in Charter Communications by 1.3% during the second quarter. MML Investors Services LLC now owns 842 shares of the company’s stock worth $284,000 after purchasing an additional 11 shares during the period. Cornerstone Advisors Inc. grew its stake in Charter Communications by 4.9% during the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after purchasing an additional 16 shares during the period. Intrust Bank NA grew its stake in Charter Communications by 3.3% during the second quarter. Intrust Bank NA now owns 980 shares of the company’s stock worth $330,000 after purchasing an additional 31 shares during the period. Bradley Foster & Sargent Inc. CT grew its stake in Charter Communications by 0.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 7,933 shares of the company’s stock worth $2,672,000 after purchasing an additional 36 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in Charter Communications by 1.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,411 shares of the company’s stock worth $1,149,000 after purchasing an additional 38 shares during the period. 74.06% of the stock is owned by institutional investors.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction dated Thursday, August 10th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Christopher L. Winfrey bought 3,100 shares of the business’s stock in a transaction on Monday, October 30th. The shares were acquired at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.
Shares of Charter Communications, Inc. (CHTR) traded down $2.51 during trading on Friday, reaching $335.72. The company had a trading volume of 1,416,286 shares, compared to its average volume of 2,440,719. The firm has a market cap of $83,945.66, a P/E ratio of 209.73 and a beta of 1.09.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). The business had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. sell-side analysts predict that Charter Communications, Inc. will post 2.77 earnings per share for the current year.
Several equities research analysts recently commented on CHTR shares. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Morgan Stanley increased their price target on Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. Pivotal Research reiterated a “buy” rating on shares of Charter Communications in a report on Sunday, July 30th. Wells Fargo & Company reiterated a “market perform” rating and issued a $372.00 price target (up previously from $330.00) on shares of Charter Communications in a report on Sunday, July 30th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $410.00 price target (up previously from $390.00) on shares of Charter Communications in a report on Monday, July 31st. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $378.12.
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.
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