SeaCrest Wealth Management LLC bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) during the 2nd quarter, Holdings Channel reports. The firm bought 100 shares of the company’s stock, valued at approximately $47,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Eagle Investment Management LLC grew its stake in shares of Charter Communications by 18.3% in the 1st quarter. First Eagle Investment Management LLC now owns 220 shares of the company’s stock valued at $120,000 after purchasing an additional 34 shares during the last quarter. Norinchukin Bank The grew its stake in shares of Charter Communications by 8.0% in the 1st quarter. Norinchukin Bank The now owns 13,340 shares of the company’s stock valued at $7,277,000 after purchasing an additional 988 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of Charter Communications by 27.6% in the 2nd quarter. HB Wealth Management LLC now owns 813 shares of the company’s stock valued at $381,000 after buying an additional 176 shares during the period. West Family Investments Inc. lifted its holdings in shares of Charter Communications by 65.5% in the 1st quarter. West Family Investments Inc. now owns 829 shares of the company’s stock valued at $452,000 after buying an additional 328 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Charter Communications by 7.4% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,518 shares of the company’s stock valued at $1,919,000 after buying an additional 242 shares during the period. 66.91% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CHTR has been the subject of several recent analyst reports. StockNews.com cut Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Benchmark reduced their price target on Charter Communications to $620.00 in a report on Friday, November 4th. Pivotal Research reduced their price target on Charter Communications from $560.00 to $475.00 and set a “buy” rating for the company in a report on Monday, October 31st. Truist Financial reduced their price objective on Charter Communications from $450.00 to $380.00 and set a “hold” rating for the company in a report on Monday, October 31st. Finally, Rosenblatt Securities reduced their price objective on Charter Communications from $440.00 to $437.00 and set a “buy” rating for the company in a report on Monday, November 7th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $512.35.
Charter Communications Price Performance
Charter Communications (NASDAQ:CHTR – Get Rating) last announced its quarterly earnings data on Friday, October 28th. The company reported $7.38 EPS for the quarter, missing analysts’ consensus estimates of $8.01 by ($0.63). The business had revenue of $13.55 billion during the quarter, compared to analysts’ expectations of $13.67 billion. Charter Communications had a net margin of 10.21% and a return on equity of 36.48%. Charter Communications’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $6.50 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 31.69 EPS for the current year.
Charter Communications Profile
Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.
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