Metropolitan Life Insurance Co. NY grew its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,881 shares of the company‚Äôs stock after acquiring an additional 232 shares during the period. Metropolitan Life Insurance Co. NY‚Äôs holdings in Charter Communications were worth $9,934,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of CHTR. Veritas Asset Management LLP raised its stake in Charter Communications by 65.3% in the second quarter. Veritas Asset Management LLP now owns 4,434,781 shares of the company‚Äôs stock worth $1,300,322,000 after buying an additional 1,752,400 shares in the last quarter. Brown Advisory Inc. raised its stake in Charter Communications by 25.5% in the first quarter. Brown Advisory Inc. now owns 966,921 shares of the company‚Äôs stock worth $300,925,000 after buying an additional 196,229 shares in the last quarter. Morgan Stanley raised its stake in Charter Communications by 9.9% in the second quarter. Morgan Stanley now owns 945,791 shares of the company‚Äôs stock worth $277,315,000 after buying an additional 85,012 shares in the last quarter. Farallon Capital Management LLC raised its stake in Charter Communications by 70.3% in the first quarter. Farallon Capital Management LLC now owns 789,581 shares of the company‚Äôs stock worth $245,733,000 after buying an additional 325,956 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Charter Communications by 4.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 673,826 shares of the company‚Äôs stock worth $197,573,000 after buying an additional 27,119 shares in the last quarter. 71.07% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Richard R. Dykhouse sold 2,101 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $296.52, for a total transaction of $622,988.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company‚Äôs stock.Shares of NASDAQ:CHTR traded down $8.64 during trading on Friday, reaching $316.04. 1,585,700 shares of the stock traded hands, compared to its average volume of 1,606,236. Charter Communications Inc has a 52-week low of $250.10 and a 52-week high of $396.64. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.46. The stock has a market cap of $75.56 billion, a price-to-earnings ratio of 119.26, a PEG ratio of 1.94 and a beta of 1.20.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $1.15 EPS for the quarter, beating the Zacks‚Äô consensus estimate of $0.95 by $0.20. Charter Communications had a net margin of 23.59% and a return on equity of 1.45%. The firm had revenue of $10.85 billion for the quarter, compared to analysts‚Äô expectations of $10.83 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The business‚Äôs revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Charter Communications Inc will post 4.43 earnings per share for the current year.
CHTR has been the subject of a number of research reports. ValuEngine raised shares of Charter Communications from a ‚Äúsell‚ÄĚ rating to a ‚Äúhold‚ÄĚ rating in a research note on Wednesday, September 12th. Pivotal Research upped their price objective on shares of Charter Communications from $375.00 to $415.00 and gave the stock a ‚Äúbuy‚ÄĚ rating in a report on Tuesday, July 31st. Macquarie restated a ‚Äúbuy‚ÄĚ rating and issued a $355.00 price objective on shares of Charter Communications in a report on Wednesday, August 1st. Goldman Sachs Group upgraded shares of Charter Communications from a ‚Äúneutral‚ÄĚ rating to a ‚Äúbuy‚ÄĚ rating in a report on Thursday, June 28th. Finally, Jefferies Financial Group initiated coverage on shares of Charter Communications in a report on Thursday, June 7th. They issued a ‚Äúhold‚ÄĚ rating and a $300.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of ‚ÄúBuy‚ÄĚ and an average price target of $363.62.
Charter Communications Profile
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, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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