Triple Frond Partners LLC Has $130.58 Million Stake in Charter Communications, Inc. (CHTR)
Triple Frond Partners LLC grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 19.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 387,654 shares of the company’s stock after purchasing an additional 63,100 shares during the period. Charter Communications makes up about 17.1% of Triple Frond Partners LLC’s holdings, making the stock its biggest position. Triple Frond Partners LLC owned about 0.15% of Charter Communications worth $130,581,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC raised its position in shares of Charter Communications by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock valued at $194,000 after purchasing an additional 38 shares during the period. New Mountain Vantage Advisers L.L.C. raised its position in shares of Charter Communications by 5.8% in the second quarter. New Mountain Vantage Advisers L.L.C. now owns 44,928 shares of the company’s stock valued at $15,134,000 after purchasing an additional 2,468 shares during the period. Newbrook Capital Advisors LP raised its position in shares of Charter Communications by 129.3% in the second quarter. Newbrook Capital Advisors LP now owns 205,929 shares of the company’s stock valued at $33,651,000 after purchasing an additional 116,126 shares during the period. Maverick Capital Ltd. bought a new stake in shares of Charter Communications in the second quarter valued at approximately $110,224,000. Finally, Sustainable Insight Capital Management LLC raised its position in shares of Charter Communications by 159.0% in the second quarter. Sustainable Insight Capital Management LLC now owns 44,800 shares of the company’s stock valued at $15,091,000 after purchasing an additional 27,500 shares during the period. 74.10% of the stock is currently owned by institutional investors.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction on 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 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 Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by insiders.
Shares of Charter Communications, Inc. (CHTR) traded down 0.28% during midday trading on Monday, hitting $366.36. 384,181 shares of the stock were exchanged. The firm has a 50-day moving average of $378.89 and a 200-day moving average of $351.63. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83. The company has a market capitalization of $94.48 billion, a P/E ratio of 104.94 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the 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 the consensus estimate of $10.38 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current year.
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Several research firms have recently issued reports on CHTR. Robert W. Baird reissued a “hold” rating and issued a $365.00 price target on shares of Charter Communications in a research report on Wednesday, October 4th. Macquarie reissued a “buy” rating and issued a $430.00 price target on shares of Charter Communications in a research report on Tuesday, October 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $420.00 price target on shares of Charter Communications in a research report on Monday, September 18th. Evercore ISI boosted their price target on shares of Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Finally, Telsey Advisory Group lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $450.00 to $340.00 in a research report on Tuesday, September 5th. Twelve investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $381.86.
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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