Zions Bancorporation Buys 1,534 Shares of Charter Communications, Inc. (CHTR)
Zions Bancorporation grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3,933.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,573 shares of the company’s stock after buying an additional 1,534 shares during the quarter. Zions Bancorporation’s holdings in Charter Communications were worth $572,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Charter Communications by 43.3% in the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after buying an additional 93 shares during the period. Huntington National Bank purchased a new position in shares of Charter Communications in the 3rd quarter valued at about $128,000. Bessemer Group Inc. boosted its stake in shares of Charter Communications by 50.7% in the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after buying an additional 151 shares during the period. CLS Investments LLC boosted its stake in shares of Charter Communications by 4,733.3% in the 3rd quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after buying an additional 426 shares during the period. Finally, Rational Advisors LLC purchased a new position in shares of Charter Communications in the 2nd quarter valued at about $168,000. Institutional investors and hedge funds own 72.22% of the company’s stock.
Several equities analysts have recently issued reports on the company. Barclays cut Charter Communications from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $267.01 to $283.00 in a research note on Monday, December 4th. Zacks Investment Research upgraded Charter Communications from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Royal Bank Of Canada restated a “buy” rating and set a $400.00 target price on shares of Charter Communications in a research note on Thursday, November 2nd. Macquarie restated a “buy” rating on shares of Charter Communications in a research note on Sunday, October 29th. Finally, SunTrust Banks restated a “buy” rating and set a $380.00 target price on shares of Charter Communications in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $378.12.
Charter Communications, Inc. (NASDAQ CHTR) opened at $324.50 on Monday. The company has a market capitalization of $80,670.00, a P/E ratio of 201.55, a price-to-earnings-growth ratio of 6.04 and a beta of 1.06. Charter Communications, Inc. has a 12-month low of $275.34 and a 12-month high of $408.83. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.77). The firm 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 company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. equities analysts expect that Charter Communications, Inc. will post 2.21 EPS for the current year.
In other news, CFO Christopher L. Winfrey purchased 3,100 shares of the business’s stock in a transaction on Monday, October 30th. The shares were bought at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the transaction, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company’s stock.
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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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