Delta Lloyd Asset Management N.V. bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 143,310 shares of the company’s stock, valued at approximately $48,274,000. Charter Communications makes up 1.4% of Delta Lloyd Asset Management N.V.’s holdings, making the stock its 11th largest position. Delta Lloyd Asset Management N.V. owned 0.06% of Charter Communications at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Cornerstone Advisors Inc. lifted its stake in shares of Charter Communications by 4.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after acquiring an additional 16 shares during the period. Parallel Advisors LLC lifted its stake in shares of Charter Communications by 43.3% in the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after acquiring an additional 93 shares during the period. Barrett Asset Management LLC lifted its stake in shares of Charter Communications by 118.7% in the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after acquiring an additional 216 shares during the period. Bessemer Group Inc. lifted its stake in shares of Charter Communications by 50.7% in the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after acquiring an additional 151 shares during the period. Finally, Rational Advisors LLC purchased a new position in shares of Charter Communications in the 2nd quarter valued at about $168,000. Institutional investors and hedge funds own 74.15% of the company’s stock.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded down 1.74% during trading on Friday, hitting $369.47. 5,270,018 shares of the stock traded hands. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83. The firm’s 50-day moving average price is $390.19 and its 200-day moving average price is $347.29. The company has a market cap of $95.28 billion, a price-to-earnings ratio of 105.84 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
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In related news, EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the sale, the executive vice president now owns 18,025 shares in the company, valued at approximately $7,191,975. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by corporate insiders.
A number of brokerages have recently issued reports on CHTR. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Charter Communications in a report on Wednesday, June 28th. BidaskClub downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Evercore ISI raised their target price on shares of Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a report on Friday. HSBC Holdings plc reiterated a “hold” rating and set a $360.00 price target (up from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. Finally, Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $340.00 to $450.00 in a report on Wednesday, August 9th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Charter Communications has a consensus rating of “Buy” and a consensus price target of $379.19.
Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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