Consulta Ltd raised its holdings in Charter Communications Inc (NASDAQ:CHTR) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Charter Communications accounts for approximately 7.0% of Consulta Ltd’s portfolio, making the stock its 6th largest holding. Consulta Ltd’s holdings in Charter Communications were worth $71,243,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Senator Investment Group LP purchased a new position in shares of Charter Communications during the third quarter valued at approximately $236,263,000. Paloma Partners Management Co purchased a new position in shares of Charter Communications during the third quarter valued at approximately $33,840,000. Altarock Partners LLC lifted its stake in shares of Charter Communications by 11.7% during the third quarter. Altarock Partners LLC now owns 766,598 shares of the company’s stock valued at $249,819,000 after buying an additional 80,200 shares during the period. Morgan Stanley lifted its stake in shares of Charter Communications by 1.1% during the third quarter. Morgan Stanley now owns 955,767 shares of the company’s stock valued at $311,467,000 after buying an additional 9,976 shares during the period. Finally, LS Investment Advisors LLC lifted its stake in shares of Charter Communications by 11.7% during the fourth quarter. LS Investment Advisors LLC now owns 3,984 shares of the company’s stock valued at $1,135,000 after buying an additional 418 shares during the period. 74.67% of the stock is currently owned by institutional investors.
In other Charter Communications news, insider John Bickham sold 14,017 shares of the stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $340.86, for a total transaction of $4,777,834.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John D. Markley, Jr. sold 1,000 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $350.09, for a total transaction of $350,090.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,233 shares of company stock worth $19,544,909 over the last quarter. 0.83% of the stock is currently owned by insiders.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, January 31st. The company reported $1.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.20). Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.15 billion. Equities analysts forecast that Charter Communications Inc will post 7.54 earnings per share for the current year.
CHTR has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Credit Suisse Group reissued a “neutral” rating and set a $345.00 price objective (up previously from $294.00) on shares of Charter Communications in a research note on Friday, February 1st. TD Securities initiated coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They set a “buy” rating and a $385.00 price objective on the stock. Cowen upped their price objective on shares of Charter Communications from $337.00 to $357.00 and gave the company an “outperform” rating in a research note on Friday, December 7th. Finally, Nomura assumed coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They set a “neutral” rating and a $330.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $359.22.
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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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