Charter Communications Inc (NASDAQ:CHTR) Shares Sold by Capital International Inc. CA
Capital International Inc. CA reduced its stake in Charter Communications Inc (NASDAQ:CHTR) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,062 shares of the company’s stock after selling 28,139 shares during the period. Charter Communications accounts for about 1.6% of Capital International Inc. CA’s investment portfolio, making the stock its 14th biggest holding. Capital International Inc. CA owned about 0.11% of Charter Communications worth $113,054,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA acquired a new position in Charter Communications in the fourth quarter valued at approximately $319,000. Stifel Financial Corp boosted its position in shares of Charter Communications by 37.0% during the third quarter. Stifel Financial Corp now owns 28,023 shares of the company’s stock worth $11,547,000 after buying an additional 7,573 shares during the period. NewSquare Capital LLC boosted its position in shares of Charter Communications by 11.9% during the fourth quarter. NewSquare Capital LLC now owns 1,460 shares of the company’s stock worth $708,000 after buying an additional 155 shares during the period. HWG Holdings LP boosted its position in shares of Charter Communications by 71.5% during the fourth quarter. HWG Holdings LP now owns 2,264 shares of the company’s stock worth $1,098,000 after buying an additional 944 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Charter Communications by 4.4% during the third quarter. Parametric Portfolio Associates LLC now owns 500,426 shares of the company’s stock worth $206,236,000 after buying an additional 20,960 shares during the period. Institutional investors own 71.87% of the company’s stock.
Shares of NASDAQ:CHTR traded up $26.23 during midday trading on Thursday, reaching $447.00. 1,069,824 shares of the company were exchanged, compared to its average volume of 3,009,472. Charter Communications Inc has a fifty-two week low of $343.15 and a fifty-two week high of $546.54. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.95. The stock has a fifty day simple moving average of $487.36 and a two-hundred day simple moving average of $469.97. The firm has a market cap of $88.06 billion, a PE ratio of 59.44, a P/E/G ratio of 0.80 and a beta of 1.02.
In other Charter Communications news, Director Craig A. Jacobson sold 940 shares of Charter Communications stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $529.64, for a total value of $497,861.60. Following the sale, the director now directly owns 10,833 shares in the company, valued at approximately $5,737,590.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Jonathan Hargis sold 7,904 shares of Charter Communications stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $525.36, for a total transaction of $4,152,445.44. Following the completion of the sale, the chief marketing officer now owns 72,020 shares in the company, valued at $37,836,427.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,968 shares of company stock worth $19,432,487. 0.84% of the stock is currently owned by company insiders.
Several equities analysts have recently issued reports on CHTR shares. ValuEngine upgraded Charter Communications from a “sell” rating to a “hold” rating in a research report on Saturday, January 4th. Benchmark upgraded Charter Communications from a “hold” rating to a “buy” rating and set a $573.00 price objective for the company in a research report on Wednesday, March 11th. Guggenheim reiterated a “buy” rating and set a $570.00 price objective on shares of Charter Communications in a research report on Monday, February 3rd. BidaskClub downgraded Charter Communications from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 18th. Finally, Royal Bank of Canada boosted their price objective on Charter Communications from $440.00 to $510.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Charter Communications presently has a consensus rating of “Buy” and an average target price of $529.14.
About Charter Communications
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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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