Corient Capital Partners LLC trimmed its position in Charter Communications Inc (NASDAQ:CHTR) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,051 shares of the company’s stock after selling 65 shares during the quarter. Corient Capital Partners LLC’s holdings in Charter Communications were worth $364,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. We Are One Seven LLC bought a new position in shares of Charter Communications during the 4th quarter worth approximately $26,000. Whitener Capital Management Inc. bought a new stake in Charter Communications in the 4th quarter valued at $29,000. Hanson McClain Inc. boosted its stake in Charter Communications by 157.8% in the 4th quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares during the period. Rational Advisors LLC boosted its stake in Charter Communications by 230.3% in the 1st quarter. Rational Advisors LLC now owns 109 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares during the period. Finally, Sontag Advisory LLC bought a new stake in Charter Communications in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 71.91% of the company’s stock.
In related news, Director Lance Conn sold 927 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total value of $370,800.00. Following the sale, the director now owns 9,552 shares in the company, valued at $3,820,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Craig A. Jacobson sold 1,325 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the completion of the sale, the director now owns 12,773 shares in the company, valued at approximately $4,792,174.14. The disclosure for this sale can be found here. 0.84% of the stock is owned by company insiders.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business had revenue of $11.21 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same period in the previous year, the business posted $0.70 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts predict that Charter Communications Inc will post 7.22 EPS for the current year.
Several analysts recently issued reports on the company. UBS Group boosted their price target on Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. BidaskClub cut Charter Communications from a “buy” rating to a “hold” rating in a report on Monday, April 1st. ValuEngine raised Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Rosenblatt Securities started coverage on Charter Communications in a report on Thursday, June 13th. They set a “buy” rating and a $480.00 price target for the company. Finally, Zacks Investment Research lowered Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $384.07.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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