Gladstone Capital Management LLP Raises Stake in Charter Communications Inc (CHTR)
Gladstone Capital Management LLP lifted its holdings in shares of Charter Communications Inc (NASDAQ:CHTR) by 55.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,727 shares of the company’s stock after purchasing an additional 38,625 shares during the period. Charter Communications accounts for 13.5% of Gladstone Capital Management LLP’s holdings, making the stock its 4th biggest holding. Gladstone Capital Management LLP’s holdings in Charter Communications were worth $35,106,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Clearline Capital LP acquired a new position in Charter Communications in the second quarter valued at $1,200,000. Alps Advisors Inc. acquired a new position in Charter Communications in the third quarter valued at $1,328,000. TD Asset Management Inc. lifted its holdings in Charter Communications by 4.0% in the second quarter. TD Asset Management Inc. now owns 99,613 shares of the company’s stock valued at $29,208,000 after buying an additional 3,798 shares during the period. Vigilant Capital Management LLC acquired a new position in Charter Communications in the third quarter valued at $106,000. Finally, Calamos Advisors LLC lifted its holdings in Charter Communications by 13.4% in the second quarter. Calamos Advisors LLC now owns 18,046 shares of the company’s stock valued at $5,291,000 after buying an additional 2,133 shares during the period. Institutional investors own 72.01% of the company’s stock.
NASDAQ:CHTR opened at $319.00 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.53. The stock has a market cap of $74.02 billion, a PE ratio of 120.38, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15. Charter Communications Inc has a one year low of $250.10 and a one year high of $396.64.
Several equities analysts recently issued reports on the stock. Raymond James dropped their target price on shares of Charter Communications from $400.00 to $365.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Citigroup dropped their price objective on shares of Charter Communications from $375.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. BidaskClub upgraded shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Friday, November 2nd. Finally, Barclays set a $259.00 price objective on shares of Charter Communications and gave the company a “sell” rating in a report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $360.13.
In other news, insider John Bickham sold 144,672 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total transaction of $46,687,101.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.83% of the company’s stock.
Charter Communications Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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