Gabelli Funds LLC Has $59.71 Million Stake in Charter Communications, Inc. (CHTR)

Gabelli Funds LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 52.5% during the second quarter, Holdings Channel reports. The fund owned 177,260 shares of the company’s stock after buying an additional 61,054 shares during the period. Gabelli Funds LLC’s holdings in Charter Communications were worth $59,710,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. increased its position in shares of Charter Communications by 4.5% in the first quarter. Raymond James Trust N.A. now owns 741 shares of the company’s stock worth $242,000 after buying an additional 32 shares during the last quarter. DnB Asset Management AS increased its position in shares of Charter Communications by 5.9% in the first quarter. DnB Asset Management AS now owns 26,845 shares of the company’s stock worth $8,787,000 after buying an additional 1,500 shares during the last quarter. Barometer Capital Management Inc. bought a new position in shares of Charter Communications during the first quarter worth about $1,080,000. Nisa Investment Advisors LLC increased its position in shares of Charter Communications by 3.2% in the first quarter. Nisa Investment Advisors LLC now owns 50,757 shares of the company’s stock worth $16,613,000 after buying an additional 1,554 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Charter Communications during the first quarter worth about $500,000. 77.79% of the stock is currently owned by institutional investors.

Charter Communications, Inc. (NASDAQ CHTR) opened at 400.78 on Thursday. The company has a market cap of $103.35 billion, a PE ratio of 114.80 and a beta of 1.09. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83. The company has a 50-day moving average of $361.41 and a 200-day moving average of $337.64.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. During the same period last year, the firm earned $0.99 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current year.

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A number of brokerages have issued reports on CHTR. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Charter Communications in a research report on Wednesday, June 28th. Morgan Stanley boosted their price objective on shares of Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Macquarie reissued a “buy” rating and set a $365.00 price objective on shares of Charter Communications in a research report on Tuesday, May 2nd. Deutsche Bank AG reduced their price objective on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, May 4th. Finally, HSBC Holdings plc reissued a “hold” rating and set a $360.00 price objective (up from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. Eleven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and a consensus price target of $369.96.

In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

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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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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