Charter Communications Inc. (CHTR) Stake Lowered by First Eagle Investment Management LLC
First Eagle Investment Management LLC reduced its position in shares of Charter Communications Inc. (NASDAQ:CHTR) by 62.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,036 shares of the company’s stock after selling 186,566 shares during the period. First Eagle Investment Management LLC’s holdings in Charter Communications were worth $30,246,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in Charter Communications by 858.0% in the second quarter. BNP Paribas Arbitrage SA now owns 210,584 shares of the company’s stock valued at $48,148,000 after buying an additional 188,602 shares during the last quarter. Fulton Bank N.A. bought a new stake in Charter Communications during the second quarter valued at about $231,000. Baxter Bros Inc. bought a new stake in Charter Communications during the second quarter valued at about $1,474,000. CHURCHILL MANAGEMENT Corp bought a new stake in Charter Communications during the second quarter valued at about $1,420,000. Finally, British Columbia Investment Management Corp increased its stake in Charter Communications by 137.0% in the second quarter. British Columbia Investment Management Corp now owns 125,125 shares of the company’s stock valued at $28,609,000 after buying an additional 72,325 shares during the last quarter. 77.56% of the stock is owned by institutional investors.
Charter Communications Inc. (NASDAQ:CHTR) traded up 0.851% during midday trading on Tuesday, hitting $273.125. The stock had a trading volume of 231,456 shares. The firm has a 50-day moving average price of $259.94 and a 200-day moving average price of $247.46. The firm has a market capitalization of $73.93 billion, a price-to-earnings ratio of 16.246 and a beta of 0.93. Charter Communications Inc. has a 1-year low of $156.13 and a 1-year high of $281.36.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, November 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by $0.10. Charter Communications had a net margin of 13.87% and a return on equity of 0.62%. The firm earned $10.04 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business posted $0.48 EPS. The firm’s quarterly revenue was up 309.7% compared to the same quarter last year. 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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Several analysts have issued reports on the company. Zacks Investment Research downgraded Charter Communications from a “hold” rating to a “sell” rating in a report on Wednesday, November 23rd. Moffett Nathanson upgraded Charter Communications from a “neutral” rating to a “buy” rating in a report on Thursday, November 10th. Deutsche Bank AG restated a “buy” rating and set a $300.00 price objective on shares of Charter Communications in a report on Monday, November 7th. TheStreet downgraded Charter Communications from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. Finally, Jefferies Group boosted their price objective on Charter Communications from $244.00 to $280.00 and gave the stock a “hold” rating in a report on Friday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus 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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