Eaton Vance Management Decreases Stake in Charter Communications Inc (CHTR)
Eaton Vance Management lowered its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 3.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,148 shares of the company’s stock after selling 924 shares during the quarter. Eaton Vance Management’s holdings in Charter Communications were worth $7,543,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of CHTR. Chicago Partners Investment Group LLC grew its holdings in shares of Charter Communications by 254.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock worth $101,000 after purchasing an additional 247 shares during the period. Vigilant Capital Management LLC purchased a new position in Charter Communications in the 3rd quarter worth approximately $106,000. Flagship Harbor Advisors LLC purchased a new position in Charter Communications in the 2nd quarter worth approximately $129,000. Sun Life Financial INC boosted its holdings in Charter Communications by 89.8% in the 2nd quarter. Sun Life Financial INC now owns 501 shares of the company’s stock worth $147,000 after acquiring an additional 237 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in Charter Communications by 76.3% in the 2nd quarter. Advisory Services Network LLC now owns 543 shares of the company’s stock worth $156,000 after acquiring an additional 235 shares during the period. Institutional investors and hedge funds own 71.97% of the company’s stock.
A number of equities analysts have weighed in on the company. ValuEngine upgraded Charter Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Barclays set a $259.00 price target on Charter Communications and gave the stock a “sell” rating in a report on Wednesday, October 10th. Macquarie restated a “buy” rating and issued a $355.00 price target on shares of Charter Communications in a report on Wednesday, September 12th. Buckingham Research decreased their price target on Charter Communications from $418.00 to $383.00 and set a “buy” rating for the company in a report on Monday, October 29th. Finally, BidaskClub upgraded Charter Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Charter Communications currently has an average rating of “Buy” and an average target price of $360.13.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, October 26th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $1.06. The company had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. As a group, analysts forecast that Charter Communications Inc will post 5.58 earnings per share for the current year.
In other news, insider John Bickham sold 144,672 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total transaction of $46,687,101.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.83% of the company’s stock.
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Charter Communications Company 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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