Charter Communications Inc. (CHTR) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. increased its stake in Charter Communications Inc. (NASDAQ:CHTR) by 1,520.4% during the third quarter, Holdings Channel reports. The institutional investor owned 305,793 shares of the company’s stock after buying an additional 286,922 shares during the period. Prudential Financial Inc.’s holdings in Charter Communications were worth $82,556,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Hall Laurie J Trustee acquired a new stake in shares of Charter Communications during the second quarter worth about $741,000. Keel Point LLC acquired a new stake in shares of Charter Communications during the second quarter worth about $263,000. Creative Planning increased its stake in shares of Charter Communications by 12,806.5% in the second quarter. Creative Planning now owns 4,001 shares of the company’s stock worth $915,000 after buying an additional 3,970 shares during the period. Gateway Investment Advisers LLC acquired a new stake in shares of Charter Communications during the second quarter worth about $7,355,000. Finally, Atria Investments LLC acquired a new stake in shares of Charter Communications during the second quarter worth about $314,000. Hedge funds and other institutional investors own 77.56% of the company’s stock.
Shares of Charter Communications Inc. (NASDAQ:CHTR) opened at 280.49 on Wednesday. The stock has a market capitalization of $75.92 billion, a price-to-earnings ratio of 16.68 and a beta of 0.93. Charter Communications Inc. has a one year low of $156.13 and a one year high of $281.36. The firm has a 50-day moving average of $259.94 and a 200 day moving average of $247.46.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.79 by $0.10. The company earned $10.04 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Charter Communications had a return on equity of 0.62% and a net margin of 13.87%. The firm’s revenue for the quarter was up 309.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. On average, equities research analysts predict that Charter Communications Inc. will post $0.60 EPS for the current year.
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CHTR has been the topic of a number of research reports. Telsey Advisory Group raised their price target on Charter Communications from $246.00 to $302.00 and gave the company an “outperform” rating in a research report on Monday, October 10th. Argus restated a “buy” rating and set a $300.00 price target on shares of Charter Communications in a research report on Wednesday, August 24th. Zacks Investment Research downgraded Charter Communications from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 29th. Moffett Nathanson downgraded Charter Communications from a “buy” rating to a “neutral” rating and set a $305.00 price target on the stock. in a research report on Tuesday, October 11th. They noted that the move was a valuation call. Finally, Bank of America Corp. initiated coverage on Charter Communications in a research report on Tuesday, August 2nd. They set a “buy” rating and a $300.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Charter Communications presently has an average rating of “Buy” and an average price target of $289.97.
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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