Oberndorf William E held its stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,758 shares of the company’s stock at the close of the 2nd quarter. Charter Communications accounts for approximately 6.4% of Oberndorf William E’s investment portfolio, making the stock its 5th biggest position. Oberndorf William E’s holdings in Charter Communications were worth $6,319,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Guardian Life Insurance Co. of America lifted its stake in Charter Communications by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after buying an additional 6 shares in the last quarter. RMB Capital Management LLC raised its holdings in Charter Communications by 1.0% in the 1st quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock valued at $267,000 after acquiring an additional 8 shares during the last quarter. Allen Operations LLC raised its holdings in Charter Communications by 0.8% in the 1st quarter. Allen Operations LLC now owns 979 shares of the company’s stock valued at $320,000 after acquiring an additional 8 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in Charter Communications by 4.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after acquiring an additional 16 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Charter Communications by 1.2% in the 1st quarter. Teacher Retirement System of Texas now owns 2,309 shares of the company’s stock valued at $756,000 after acquiring an additional 28 shares during the last quarter. 74.09% of the stock is currently owned by institutional investors.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at 360.30 on Friday. The firm has a market cap of $92.92 billion, a price-to-earnings ratio of 103.21 and a beta of 1.10. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83. The company’s 50-day moving average is $389.33 and its 200 day moving average is $348.25.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. During the same quarter in the previous year, the business posted $0.99 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
CHTR has been the subject of several analyst reports. Pivotal Research reiterated a “buy” rating on shares of Charter Communications in a report on Sunday, July 30th. Deutsche Bank AG restated a “buy” rating and set a $410.00 price objective (up from $390.00) on shares of Charter Communications in a report on Monday, July 31st. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. UBS AG restated a “buy” rating and set a $450.00 price objective (up from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Finally, Citigroup Inc. upped their price objective on Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $379.19.
In other news, EVP Jonathan Hargis sold 10,976 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total value of $4,379,424.00. Following the sale, the executive vice president now directly owns 18,025 shares in the company, valued at approximately $7,191,975. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.
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About Charter Communications
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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