Robeco Institutional Asset Management B.V. grew its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 10.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 551,817 shares of the company’s stock after buying an additional 51,478 shares during the quarter. Charter Communications accounts for 0.8% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 17th biggest position. Robeco Institutional Asset Management B.V. owned 0.25% of Charter Communications worth $218,067,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. raised its position in Charter Communications by 41.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 153,034 shares of the company’s stock worth $53,087,000 after purchasing an additional 44,742 shares during the period. Barings LLC raised its position in Charter Communications by 98.2% in the 1st quarter. Barings LLC now owns 5,086 shares of the company’s stock worth $1,765,000 after purchasing an additional 2,520 shares during the period. First National Bank of Omaha bought a new stake in Charter Communications in the 2nd quarter worth $205,000. Stratos Wealth Partners LTD. bought a new stake in Charter Communications in the 1st quarter worth $235,000. Finally, Jackson Square Partners LLC grew its holdings in Charter Communications by 53.1% in the 1st quarter. Jackson Square Partners LLC now owns 1,149,607 shares of the company’s stock worth $398,810,000 after acquiring an additional 398,865 shares during the last quarter. Hedge funds and other institutional investors own 71.92% of the company’s stock.
In related news, Director Craig A. Jacobson sold 1,325 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $375.18, for a total transaction of $497,113.50. Following the sale, the director now owns 12,773 shares of the company’s stock, valued at $4,792,174.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lance Conn sold 927 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total transaction of $370,800.00. Following the sale, the director now directly owns 9,552 shares in the company, valued at approximately $3,820,800. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). The company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.40 billion. Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 EPS. Equities analysts anticipate that Charter Communications Inc will post 7.09 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on CHTR shares. Morgan Stanley raised their price target on shares of Charter Communications from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Pivotal Research reissued a “buy” rating and issued a $500.00 price target on shares of Charter Communications in a report on Friday, July 26th. Raymond James raised their price target on shares of Charter Communications from $435.00 to $460.00 and gave the stock a “strong-buy” rating in a report on Monday. Nomura raised their price target on shares of Charter Communications from $350.00 to $380.00 and gave the stock a “neutral” rating in a report on Monday. Finally, ValuEngine raised shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Charter Communications currently has a consensus rating of “Hold” and an average target price of $415.71.
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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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