Charter Communications, Inc. (CHTR) Stake Boosted by Neuberger Berman Group LLC
Neuberger Berman Group LLC increased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 33.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 496,923 shares of the company’s stock after buying an additional 125,192 shares during the period. Neuberger Berman Group LLC owned approximately 0.19% of Charter Communications worth $167,389,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of CHTR. Burt Wealth Advisors acquired a new stake in Charter Communications during the first quarter valued at approximately $115,000. Cornerstone Advisors Inc. raised its stake in Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after buying an additional 16 shares in the last quarter. Parallel Advisors LLC raised its stake in Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after buying an additional 93 shares in the last quarter. Barrett Asset Management LLC raised its stake in Charter Communications by 118.7% in the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after buying an additional 216 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after buying an additional 151 shares in the last quarter. 74.15% of the stock is currently owned by institutional investors and hedge funds.
Charter Communications, Inc. (NASDAQ CHTR) opened at 389.23 on Tuesday. Charter Communications, Inc. has a 12-month low of $241.50 and a 12-month high of $408.83. The stock has a market capitalization of $100.38 billion, a price-to-earnings ratio of 111.50 and a beta of 1.09. The firm has a 50-day moving average of $371.91 and a 200-day moving average of $340.92.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
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Several equities research analysts recently commented on the stock. Citigroup Inc. boosted their price objective on shares of Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. UBS AG reiterated a “buy” rating and issued a $450.00 price objective (up from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $340.00 to $450.00 in a research report on Wednesday, August 9th. Royal Bank Of Canada boosted their price objective on shares of Charter Communications from $356.00 to $420.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. Finally, Guggenheim lowered shares of Charter Communications from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $370.00 to $400.00 in a research report on Thursday, August 3rd. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $382.20.
In related news, EVP Jonathan Hargis sold 10,976 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.
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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