Rhumbline Advisers raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 343,267 shares of the company’s stock after buying an additional 5,958 shares during the period. Rhumbline Advisers owned 0.13% of Charter Communications worth $115,629,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in CHTR. Cornerstone Advisors Inc. increased its stake in Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after buying an additional 16 shares in the last quarter. Burt Wealth Advisors purchased a new stake in Charter Communications during the first quarter worth about $115,000. Barrett Asset Management LLC increased its stake in Charter Communications by 118.7% in the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after buying an additional 216 shares in the last quarter. Bessemer Group Inc. increased its stake in Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after buying an additional 151 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new stake in Charter Communications during the second quarter worth about $200,000. Institutional investors own 77.76% of the company’s stock.
Charter Communications, Inc. (NASDAQ CHTR) opened at 398.68 on Friday. Charter Communications, Inc. has a 52-week low of $241.50 and a 52-week high of $408.83. The stock has a market capitalization of $102.81 billion, a PE ratio of 114.20 and a beta of 1.09. The stock’s 50 day moving average price is $353.80 and its 200-day moving average price is $335.16.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.81 by $0.29. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share. On average, equities analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
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A number of equities research analysts have issued reports on the company. BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Telsey Advisory Group upgraded Charter Communications from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $340.00 to $450.00 in a research note on Wednesday. Deutsche Bank AG restated a “buy” rating and set a $410.00 price target (up from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. HSBC Holdings plc restated a “hold” rating and set a $360.00 price target (up from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Finally, Barclays PLC set a $354.00 price target on Charter Communications and gave the company an “equal weight” rating in a research note on Wednesday, August 2nd. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and an average price target of $361.46.
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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