Victory Capital Management Inc. decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 86.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,327 shares of the company’s stock after selling 44,979 shares during the period. Victory Capital Management Inc.’s holdings in Charter Communications were worth $2,663,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. OLD National Bancorp IN acquired a new stake in shares of Charter Communications during the 3rd quarter worth approximately $627,000. Crossmark Global Holdings Inc. acquired a new stake in Charter Communications in the third quarter valued at approximately $6,581,000. Calamos Advisors LLC boosted its position in Charter Communications by 3.2% in the third quarter. Calamos Advisors LLC now owns 15,685 shares of the company’s stock valued at $5,700,000 after buying an additional 484 shares in the last quarter. Doyle Wealth Management boosted its position in Charter Communications by 4.8% in the third quarter. Doyle Wealth Management now owns 20,770 shares of the company’s stock valued at $7,548,000 after buying an additional 946 shares in the last quarter. Finally, First Bank & Trust acquired a new stake in Charter Communications in the third quarter valued at approximately $259,000. Institutional investors and hedge funds own 76.36% of the company’s stock.
A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Royal Bank Of Canada restated a “buy” rating and issued a $400.00 target price on shares of Charter Communications in a research report on Thursday, November 2nd. Macquarie restated a “buy” rating on shares of Charter Communications in a research report on Sunday, October 29th. Barclays PLC cut their target price on shares of Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $380.00 target price on shares of Charter Communications in a research report on Friday, October 27th. Thirteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target 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 analysts’ consensus estimates of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. 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. Charter Communications’s quarterly revenue was up 4.2% on a year-over-year basis. analysts expect that Charter Communications, Inc. will post 2.77 EPS for the current fiscal year.
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In other news, CFO Christopher L. Winfrey bought 3,100 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the purchase, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is owned by company insiders.
About Charter Communications
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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