Zurcher Kantonalbank Zurich Cantonalbank Has $15.84 Million Stake in Charter Communications, Inc. (CHTR)
Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 33.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,037 shares of the company’s stock after selling 23,390 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Charter Communications were worth $15,844,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in CHTR. Burt Wealth Advisors bought a new stake in Charter Communications during the first quarter valued at approximately $115,000. Cornerstone Advisors Inc. boosted 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 during the period. Parallel Advisors LLC boosted 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 during the period. Barrett Asset Management LLC boosted 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 during the period. Finally, Bessemer Group Inc. boosted 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 during the period. Institutional investors and hedge funds own 74.15% of the company’s stock.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at 389.23 on Tuesday. The firm has a market cap 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 price of $371.91 and a 200 day moving average price of $340.92. Charter Communications, Inc. has a 12-month low of $241.50 and a 12-month high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. On average, equities research analysts anticipate that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
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Several research firms have recently commented on CHTR. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. Morgan Stanley upped their price target on Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Macquarie restated a “buy” rating and set a $365.00 price target on shares of Charter Communications in a research note on Tuesday, May 2nd. Deutsche Bank AG cut their price target on Charter Communications from $400.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Finally, HSBC Holdings plc restated a “hold” rating and set a $360.00 price target (up previously from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Eleven 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 stock. The stock has a consensus rating of “Buy” and an average price target of $382.20.
In other news, EVP Jonathan Hargis sold 10,976 shares of the stock in a transaction 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 transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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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