Charter Communications, Inc. (CHTR) Stake Decreased by Empire Life Investments Inc.
Empire Life Investments Inc. trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,464 shares of the company’s stock after selling 536 shares during the quarter. Empire Life Investments Inc.’s holdings in Charter Communications were worth $11,071,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Parametrica Management Ltd bought a new position in Charter Communications in the third quarter worth approximately $226,000. Swiss National Bank boosted its position in Charter Communications by 11.8% during the 2nd quarter. Swiss National Bank now owns 857,609 shares of the company’s stock valued at $288,886,000 after acquiring an additional 90,400 shares in the last quarter. Parallel Advisors LLC boosted its position 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. Allen Investment Management LLC bought a new stake in Charter Communications during the 2nd quarter valued at $127,850,000. Finally, State of Tennessee Treasury Department boosted its position in Charter Communications by 6.7% during the 2nd quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock valued at $44,476,000 after acquiring an additional 8,280 shares in the last quarter. Hedge funds and other institutional investors own 72.22% of the company’s stock.
In other Charter Communications news, CFO Christopher L. Winfrey bought 3,100 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the transaction, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by company insiders.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. equities research analysts expect that Charter Communications, Inc. will post 2.21 earnings per share for the current fiscal year.
Several analysts have issued reports on CHTR shares. Robert W. Baird reaffirmed a “hold” rating and set a $365.00 target price on shares of Charter Communications in a research report on Wednesday, October 4th. UBS reissued a “buy” rating and issued a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $400.00 price objective on shares of Charter Communications in a research report on Thursday, November 2nd. Citigroup raised their price objective on Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research raised Charter Communications from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $378.12.
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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