Cambridge Investment Research Advisors Inc. increased its position in Charter Communications Inc (NASDAQ:CHTR) by 9.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,244 shares of the company’s stock after buying an additional 200 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Charter Communications were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in CHTR. Chicago Partners Investment Group LLC increased its holdings in Charter Communications by 254.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock worth $101,000 after acquiring an additional 247 shares in the last quarter. Vigilant Capital Management LLC purchased a new stake in Charter Communications in the 3rd quarter worth approximately $106,000. Kaizen Advisory LLC increased its holdings in Charter Communications by 122.7% in the 2nd quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock worth $127,000 after acquiring an additional 238 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Charter Communications in the 2nd quarter worth approximately $129,000. Finally, Sun Life Financial INC increased 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 in the last quarter. 72.02% of the stock is owned by institutional investors.
In other Charter Communications news, insider John Bickham sold 144,672 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total transaction of $46,687,101.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.83% of the company’s stock.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, October 26th. The company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $1.06. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The business had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same period last year, the firm posted $0.19 EPS. The company’s revenue was up 4.1% on a year-over-year basis. Analysts forecast that Charter Communications Inc will post 5.28 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on CHTR shares. BidaskClub raised shares of Charter Communications from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. Pivotal Research increased their target price on shares of Charter Communications from $375.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Macquarie reissued a “buy” rating and issued a $355.00 target price on shares of Charter Communications in a report on Wednesday, August 1st. Buckingham Research increased their target price on shares of Charter Communications from $397.00 to $418.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Finally, Citigroup reduced their target price on shares of Charter Communications from $410.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $360.13.
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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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