AM Squared Ltd raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR – Free Report) by 400.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 500 shares of the company’s stock after purchasing an additional 400 shares during the period. AM Squared Ltd’s holdings in Charter Communications were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Zions Bancorporation N.A. lifted its position in shares of Charter Communications by 22.1% during the fourth quarter. Zions Bancorporation N.A. now owns 177 shares of the company’s stock worth $60,000 after acquiring an additional 32 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Charter Communications by 2.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,240 shares of the company’s stock worth $420,000 after buying an additional 33 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Charter Communications by 0.5% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 7,287 shares of the company’s stock worth $2,606,000 after buying an additional 34 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in Charter Communications by 0.5% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 6,897 shares of the company’s stock valued at $2,339,000 after purchasing an additional 35 shares in the last quarter. Finally, First Capital Advisors Group LLC. raised its position in Charter Communications by 3.5% during the fourth quarter. First Capital Advisors Group LLC. now owns 1,038 shares of the company’s stock valued at $352,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.
Insider Transactions at Charter Communications
In other news, Director Craig A. Jacobson sold 2,104 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $418.16, for a total value of $879,808.64. Following the completion of the sale, the director now directly owns 10,249 shares in the company, valued at approximately $4,285,721.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.32% of the stock is currently owned by company insiders.
Charter Communications Price Performance
Charter Communications (NASDAQ:CHTR – Get Free Report) last posted its quarterly earnings data on Friday, July 28th. The company reported $8.05 EPS for the quarter, topping the consensus estimate of $7.66 by $0.39. The firm had revenue of $13.66 billion during the quarter, compared to analyst estimates of $13.84 billion. Charter Communications had a return on equity of 35.69% and a net margin of 8.48%. Charter Communications’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $8.80 EPS. As a group, research analysts expect that Charter Communications, Inc. will post 31.33 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Bank of America raised their price target on Charter Communications from $425.00 to $450.00 and gave the company a “neutral” rating in a research report on Monday, July 31st. Morgan Stanley reaffirmed an “equal weight” rating and set a $460.00 price objective on shares of Charter Communications in a research note on Monday, July 31st. Loop Capital raised their price objective on Charter Communications from $390.00 to $405.00 and gave the company a “hold” rating in a research note on Monday, July 31st. JPMorgan Chase & Co. raised their price objective on Charter Communications from $450.00 to $500.00 in a research note on Friday, July 28th. Finally, Benchmark reaffirmed a “buy” rating and set a $575.00 price objective on shares of Charter Communications in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $499.64.
Check Out Our Latest Stock Analysis on Charter Communications
About Charter Communications
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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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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