Gofen & Glossberg LLC IL lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 6.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,131 shares of the company’s stock after selling 150 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Charter Communications were worth $1,163,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Charter Communications by 3.1% during the fourth quarter. BlackRock Inc. Now owns 8,655,420 shares of the company’s stock worth $5,643,072,000 after buying an additional 260,167 shares during the last quarter. State Street Corp raised its position in Charter Communications by 2.9% in the fourth quarter. State Street Corp now owns 5,922,241 shares of the company’s stock valued at $3,861,123,000 after purchasing an additional 168,261 shares during the period. Veritas Asset Management LLP raised its position in Charter Communications by 31.7% in the fourth quarter. Veritas Asset Management LLP now owns 2,623,631 shares of the company’s stock valued at $1,710,529,000 after purchasing an additional 631,800 shares during the period. Massachusetts Financial Services Co. MA raised its position in Charter Communications by 23.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,509,077 shares of the company’s stock valued at $1,635,843,000 after purchasing an additional 470,982 shares during the period. Finally, Capital World Investors raised its position in Charter Communications by 7.4% in the fourth quarter. Capital World Investors now owns 2,137,400 shares of the company’s stock valued at $1,393,521,000 after purchasing an additional 147,965 shares during the period. 83.63% of the stock is currently owned by institutional investors.
CHTR has been the topic of a number of research analyst reports. StockNews.com downgraded Charter Communications from a “buy” rating to a “hold” rating in a research report on Saturday. Pivotal Research reduced their target price on Charter Communications from $750.00 to $585.00 in a research report on Tuesday, May 3rd. Bank of America downgraded Charter Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 3rd. Rosenblatt Securities began coverage on Charter Communications in a report on Tuesday, April 19th. They issued a “buy” rating and a $732.00 price objective on the stock. Finally, TheStreet downgraded Charter Communications from a “b-” rating to a “c+” rating in a report on Monday, May 16th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $672.95.
Shares of CHTR stock opened at $463.12 on Friday. The company has a market cap of $77.74 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 0.49 and a beta of 1.02. The stock has a 50 day simple moving average of $474.93 and a 200-day simple moving average of $551.82. Charter Communications, Inc. has a 12-month low of $407.75 and a 12-month high of $825.62. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 5.69.
Charter Communications (NASDAQ:CHTR – Get Rating) last issued its earnings results on Friday, April 29th. The company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.46 by $0.44. The business had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.21 billion. Charter Communications had a return on equity of 25.34% and a net margin of 9.64%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.11 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 29.78 earnings per share for the current fiscal year.
Charter Communications Company Profile (Get Rating)
Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.
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