Charter Communications, Inc. (CHTR) Holdings Trimmed by Aberdeen Asset Management PLC UK
Aberdeen Asset Management PLC UK cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,980 shares of the company’s stock after selling 1,749 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Charter Communications were worth $15,825,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CHTR. Cornerstone Advisors Inc. lifted its stake in Charter Communications by 4.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after acquiring an additional 16 shares in the last quarter. Parallel Advisors LLC lifted its stake in Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after acquiring an additional 93 shares in the last quarter. Barrett Asset Management LLC lifted its stake in Charter Communications by 118.7% during the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after acquiring an additional 216 shares in the last quarter. Bessemer Group Inc. lifted its stake in Charter Communications by 50.7% during the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after acquiring an additional 151 shares in the last quarter. Finally, Rational Advisors LLC bought a new position in Charter Communications during the 2nd quarter valued at $168,000. Institutional investors and hedge funds own 74.15% of the company’s stock.
In other news, EVP Jonathan Hargis sold 10,976 shares of the firm’s stock in a transaction dated 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 $7,191,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by company insiders.
Several equities analysts have weighed in on CHTR shares. BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG restated a “buy” rating and set a $410.00 price objective (up from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. CIBC started coverage on Charter Communications in a research note on Friday, June 2nd. They set a “market perform” rating on the stock. Royal Bank Of Canada restated a “buy” rating and set a $356.00 price objective on shares of Charter Communications in a research note on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. assumed coverage on Charter Communications in a research note on Thursday, June 1st. They set a “market perform” rating on the stock. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $375.73.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at 381.01 on Tuesday. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83. The company has a 50-day moving average price of $387.51 and a 200 day moving average price of $345.85. The stock has a market cap of $98.26 billion, a price-to-earnings ratio of 109.14 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the 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 the consensus estimate of $10.38 billion. During the same period last year, the business earned $0.99 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
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.
Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications, Inc. (NASDAQ:CHTR).
Receive News & Stock Ratings for Charter Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications Inc. and related stocks with our FREE daily email newsletter.