Charter Communications, Inc. (NASDAQ:CHTR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research note issued on Thursday. They presently have a $400.00 price target on the stock. Royal Bank Of Canada’s price target points to a potential upside of 19.70% from the company’s current price.
Other equities analysts have also issued research reports about the company. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $380.00 price target on shares of Charter Communications in a research report on Friday, October 27th. HSBC Holdings plc reiterated a “hold” rating and issued a $360.00 price target (up previously from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. UBS AG reiterated a “buy” rating and issued a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Macquarie reiterated a “buy” rating on shares of Charter Communications in a research report on Sunday. Finally, Telsey Advisory Group upgraded Charter Communications from a “market perform” rating to an “outperform” rating and increased their price target for the company from $340.00 to $450.00 in a research report on Wednesday, August 9th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $378.12.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. During the same period in the prior year, the business earned $0.69 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year.
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In related news, CFO Christopher L. Winfrey acquired 3,100 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the purchase, the chief financial officer now owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Hargis sold 10,976 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were 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 in the company, valued at $7,191,975. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Charter Communications by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 13,814,543 shares of the company’s stock valued at $4,653,428,000 after acquiring an additional 321,938 shares in the last quarter. BlackRock Inc. raised its stake in shares of Charter Communications by 4.1% in the 2nd quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock valued at $4,281,266,000 after acquiring an additional 496,574 shares in the last quarter. Capital World Investors raised its stake in shares of Charter Communications by 4.1% in the 2nd quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock valued at $3,441,033,000 after acquiring an additional 402,167 shares in the last quarter. Veritas Asset Management LLP raised its stake in shares of Charter Communications by 7.4% in the 2nd quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company’s stock valued at $1,295,225,000 after acquiring an additional 263,674 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Charter Communications by 10.1% in the 2nd quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock valued at $1,222,283,000 after acquiring an additional 331,597 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.
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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