ETRADE Capital Management LLC Sells 265 Shares of Charter Communications, Inc. (CHTR)
ETRADE Capital Management LLC lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 27.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 687 shares of the company’s stock after selling 265 shares during the period. ETRADE Capital Management LLC’s holdings in Charter Communications were worth $231,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its holdings in Charter Communications by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after acquiring an additional 6 shares in the last quarter. RMB Capital Management LLC lifted its position in shares of Charter Communications by 1.0% during the 1st quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock valued at $267,000 after acquiring an additional 8 shares during the period. Allen Operations LLC lifted its position in shares of Charter Communications by 0.8% during the 1st quarter. Allen Operations LLC now owns 979 shares of the company’s stock valued at $320,000 after acquiring an additional 8 shares during the period. Cornerstone Advisors Inc. lifted its position in shares of 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 during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of Charter Communications by 1.2% during the 1st quarter. Teacher Retirement System of Texas now owns 2,309 shares of the company’s stock worth $756,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 74.10% of the company’s stock.
Charter Communications, Inc. (NASDAQ:CHTR) opened at 364.11 on Tuesday. The firm has a 50-day moving average price of $382.18 and a 200-day moving average price of $350.73. The firm has a market cap of $93.90 billion, a PE ratio of 104.30 and a beta of 1.10. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. During the same quarter last year, the business posted $0.99 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
CHTR has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a research report on Wednesday, June 28th. BidaskClub downgraded Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. HSBC Holdings plc reaffirmed a “hold” rating and set a $360.00 price objective (up previously from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. Telsey Advisory Group raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $340.00 to $450.00 in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $372.00 price objective (up previously from $330.00) on shares of Charter Communications in a research report on Sunday, July 30th. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $379.19.
In related 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 $7,191,975. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.
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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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