Hanson & Doremus Investment Management reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 871 shares of the company’s stock after selling 69 shares during the period. Hanson & Doremus Investment Management’s holdings in Charter Communications were worth $293,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Charter Communications by 2.6% in the first quarter. Vanguard Group Inc. now owns 13,492,605 shares of the company’s stock worth $4,416,400,000 after buying an additional 341,513 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Charter Communications by 2,782.4% in 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 boosted its stake in shares of Charter Communications by 12.4% in 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. Veritas Asset Management LLP boosted its stake in shares of Charter Communications by 2.7% in the first quarter. Veritas Asset Management LLP now owns 3,581,436 shares of the company’s stock valued at $1,172,276,000 after buying an additional 95,514 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Charter Communications by 32.3% in the first quarter. Jennison Associates LLC now owns 3,286,979 shares of the company’s stock valued at $1,075,894,000 after buying an additional 801,716 shares in the last quarter. 77.76% of the stock is owned by institutional investors.
Shares of Charter Communications, Inc. (CHTR) traded down 1.05% during midday trading on Friday, hitting $394.49. 2,399,848 shares of the stock were exchanged. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83. The stock has a market cap of $101.73 billion, a P/E ratio of 113.00 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 issued its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.29. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. Charter Communications’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. On average, analysts anticipate that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
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Several brokerages recently issued reports on CHTR. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. Morgan Stanley boosted their target price on shares of Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Macquarie restated a “buy” rating and issued a $365.00 price objective on shares of Charter Communications in a report on Tuesday, May 2nd. Deutsche Bank AG cut their target price on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Finally, HSBC Holdings plc reaffirmed a “hold” rating and set a $360.00 target price (up from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price 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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