P Schoenfeld Asset Management LP Sells 136,105 Shares of Charter Communications, Inc. (CHTR)
P Schoenfeld Asset Management LP cut its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 79.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,167 shares of the company’s stock after selling 136,105 shares during the quarter. Charter Communications accounts for 0.9% of P Schoenfeld Asset Management LP’s holdings, making the stock its 22nd largest position. P Schoenfeld Asset Management LP’s holdings in Charter Communications were worth $12,183,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Chilton Investment Co. LLC bought a new position in shares of Charter Communications during the second quarter worth approximately $29,477,000. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Charter Communications by 0.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 7,933 shares of the company’s stock worth $2,672,000 after purchasing an additional 36 shares during the period. Hosking Partners LLP increased its holdings in shares of Charter Communications by 1.7% during the second quarter. Hosking Partners LLP now owns 27,845 shares of the company’s stock worth $9,380,000 after purchasing an additional 455 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Charter Communications by 1.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,024 shares of the company’s stock worth $1,355,000 after purchasing an additional 67 shares during the period. Finally, Sphera Funds Management LTD. increased its holdings in shares of Charter Communications by 11.7% during the second quarter. Sphera Funds Management LTD. now owns 13,362 shares of the company’s stock worth $4,501,000 after purchasing an additional 1,402 shares during the period. 74.15% of the stock is currently owned by institutional investors.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the sale, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by corporate insiders.
Shares of Charter Communications, Inc. (NASDAQ CHTR) traded down 1.52% during mid-day trading on Monday, reaching $392.48. 1,240,566 shares of the company’s stock were exchanged. The firm has a market cap of $101.21 billion, a P/E ratio of 112.43 and a beta of 1.10. The company has a 50 day moving average price of $379.52 and a 200 day moving average price of $343.36. Charter Communications, Inc. has a 52-week low of $241.50 and a 52-week high of $408.83.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.38 billion. During the same period in the prior year, the firm earned $0.99 EPS. Charter Communications’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts forecast that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.
Several brokerages have recently commented on CHTR. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Charter Communications in a report on Wednesday, June 28th. Morgan Stanley raised their target price on shares of Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. HSBC Holdings plc reaffirmed a “hold” rating and set a $360.00 target price (up from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. Wells Fargo & Company reaffirmed a “market perform” rating and set a $372.00 target price (up from $330.00) on shares of Charter Communications in a report on Sunday, July 30th. Finally, Telsey Advisory Group raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $340.00 to $450.00 in a report on Wednesday, August 9th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Charter Communications currently has a consensus rating of “Buy” and an average price target of $382.20.
Charter Communications 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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