Hussman Strategic Advisors Inc. purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,500 shares of the company's stock, valued at approximately $3,870,000. Charter Communications makes up approximately 0.9% of Hussman Strategic Advisors Inc.'s holdings, making the stock its 13th largest holding.
Other hedge funds and other institutional investors have also bought and sold shares of the company. ST Germain D J Co. Inc. raised its holdings in Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after buying an additional 77 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Charter Communications by 93.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after buying an additional 41 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in Charter Communications during the 4th quarter valued at $36,000. Brown Brothers Harriman & Co. raised its holdings in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after buying an additional 29 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in Charter Communications by 70.2% during the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on CHTR shares. Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Bank of America boosted their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Sanford C. Bernstein lowered shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price objective on the stock. in a research note on Monday, June 2nd. Citigroup boosted their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Finally, Oppenheimer raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a research note on Friday, May 16th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $422.37.
View Our Latest Report on Charter Communications
Charter Communications Stock Performance
NASDAQ CHTR traded down $1.48 on Friday, reaching $382.08. 1,122,280 shares of the stock were exchanged, compared to its average volume of 1,267,014. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. Charter Communications, Inc. has a one year low of $304.76 and a one year high of $437.06. The company's 50-day simple moving average is $400.15 and its two-hundred day simple moving average is $372.58. The firm has a market capitalization of $53.63 billion, a PE ratio of 10.66, a PEG ratio of 0.42 and a beta of 1.08.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the business posted $7.55 earnings per share. Analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.
Charter Communications Company Profile
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Free Report)
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 internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.
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