Coronation Fund Managers Ltd. Has $48.85 Million Position in Charter Communications Inc (NASDAQ:CHTR)

Coronation Fund Managers Ltd. grew its holdings in Charter Communications Inc (NASDAQ:CHTR) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 123,606 shares of the company’s stock after purchasing an additional 6,393 shares during the quarter. Charter Communications comprises 1.8% of Coronation Fund Managers Ltd.’s portfolio, making the stock its 16th biggest holding. Coronation Fund Managers Ltd. owned approximately 0.06% of Charter Communications worth $48,847,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Strs Ohio lifted its stake in shares of Charter Communications by 1.4% in the second quarter. Strs Ohio now owns 96,431 shares of the company’s stock valued at $38,107,000 after buying an additional 1,341 shares during the period. Trustcore Financial Services LLC lifted its stake in shares of Charter Communications by 496.8% in the second quarter. Trustcore Financial Services LLC now owns 185 shares of the company’s stock valued at $73,000 after buying an additional 154 shares during the period. Arizona State Retirement System lifted its stake in shares of Charter Communications by 34.3% in the second quarter. Arizona State Retirement System now owns 44,747 shares of the company’s stock valued at $17,683,000 after buying an additional 11,428 shares during the period. Greenleaf Trust lifted its stake in shares of Charter Communications by 20.7% in the second quarter. Greenleaf Trust now owns 1,542 shares of the company’s stock valued at $609,000 after buying an additional 264 shares during the period. Finally, Bartlett & Co. LLC bought a new stake in shares of Charter Communications in the second quarter valued at about $115,000. 71.90% of the stock is currently owned by institutional investors.

In other news, Director Lance Conn sold 927 shares of Charter Communications stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total value of $370,800.00. Following the completion of the transaction, the director now owns 9,552 shares in the company, valued at $3,820,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig A. Jacobson sold 1,000 shares of Charter Communications stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the director now owns 11,773 shares of the company’s stock, valued at approximately $4,588,879.94. The disclosure for this sale can be found here. 0.84% of the stock is owned by company insiders.

CHTR traded down $5.35 during midday trading on Monday, reaching $379.31. 177,363 shares of the company’s stock were exchanged, compared to its average volume of 962,894. The company has a market cap of $85.19 billion, a price-to-earnings ratio of 72.66, a price-to-earnings-growth ratio of 1.32 and a beta of 1.23. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.67. Charter Communications Inc has a one year low of $272.91 and a one year high of $417.13. The company’s 50-day moving average is $400.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). The business had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.40 billion. Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 EPS. Analysts predict that Charter Communications Inc will post 6.91 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Nomura increased their target price on shares of Charter Communications from $350.00 to $380.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. ValuEngine cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley increased their target price on shares of Charter Communications from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Pivotal Research reiterated a “buy” rating and issued a $500.00 target price on shares of Charter Communications in a research note on Friday, July 26th. Finally, Raymond James increased their target price on shares of Charter Communications from $435.00 to $460.00 and gave the company a “strong-buy” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $415.71.

Charter Communications Company 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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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