Bbva Compass Bancshares Inc. Raises Stake in Charter Communications Inc. (CHTR)
Bbva Compass Bancshares Inc. raised its position in Charter Communications Inc. (NASDAQ:CHTR) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,039 shares of the company’s stock after buying an additional 634 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Charter Communications were worth $3,520,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CHTR. BNP Paribas Arbitrage SA increased its position in Charter Communications by 858.0% in the second quarter. BNP Paribas Arbitrage SA now owns 210,584 shares of the company’s stock worth $48,148,000 after buying an additional 188,602 shares during the last quarter. Fulton Bank N.A. acquired a new position in Charter Communications during the second quarter worth about $231,000. Baxter Bros Inc. acquired a new position in Charter Communications during the second quarter worth about $1,474,000. CHURCHILL MANAGEMENT Corp acquired a new position in Charter Communications during the second quarter worth about $1,420,000. Finally, British Columbia Investment Management Corp increased its position in Charter Communications by 137.0% in the second quarter. British Columbia Investment Management Corp now owns 125,125 shares of the company’s stock worth $28,609,000 after buying an additional 72,325 shares during the last quarter. 77.56% of the stock is currently owned by institutional investors.
Charter Communications Inc. (NASDAQ:CHTR) traded down 1.85% on Wednesday, reaching $275.31. 2,486,270 shares of the company’s stock were exchanged. The firm has a market cap of $74.52 billion, a PE ratio of 16.38 and a beta of 0.93. Charter Communications Inc. has a one year low of $156.13 and a one year high of $281.36. The firm has a 50 day moving average price of $259.94 and a 200 day moving average price of $247.46.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by $0.10. The firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $1.66 billion. Charter Communications had a return on equity of 0.62% and a net margin of 13.87%. Charter Communications’s revenue for the quarter was up 309.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. On average, equities analysts anticipate that Charter Communications Inc. will post $0.60 earnings per share for the current year.
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CHTR has been the topic of a number of research reports. Bank of America Corp. initiated coverage on shares of Charter Communications in a report on Tuesday, August 2nd. They issued a “buy” rating and a $300.00 price objective on the stock. Pivotal Research lifted their price target on shares of Charter Communications from $285.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Deutsche Bank AG lifted their price target on shares of Charter Communications from $285.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, August 11th. TheStreet raised shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research raised shares of Charter Communications from a “hold” rating to a “strong-buy” rating and set a $297.00 price target on the stock in a report on Friday, August 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Charter Communications currently has an average rating of “Buy” and an average target price of $289.97.
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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