Legal & General Group Plc Sells 6208 Shares of Charter Communications, Inc

Cornelia Mascio
Dicembre 13, 2017

Capital World Investors increased its stake in Charter Communications by 4.1% in the second quarter. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. They see Charter Communications, Inc. Capital World Investors now owns 10,215,326 shares of the company's stock valued at $3,441,033,000 after purchasing an additional 402,167 shares in the last quarter. Vanguard Group Inc. grew its position in Charter Communications by 2.4% during the second quarter. Schroder Investment Management Group now owns 93,771 shares of the company's stock valued at $33,845,000 after acquiring an additional 10,686 shares in the last quarter. Hartford Investment Management Co. increased its position in shares of Charter Communications by 1,086.7% in the third quarter. BlackRock Inc. now owns 12,709,709 shares of the company's stock valued at $4,281,266,000 after purchasing an additional 496,574 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Charter Communications by 180.4% in the third quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company's stock valued at $1,295,225,000 after purchasing an additional 263,674 shares in the last quarter.

In related news, CFO Christopher L. Winfrey acquired 3,100 shares of the company's stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares of the company's stock, valued at approximately $16,153,316.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The stock has been active on the tape, now trading at $324.50, down from yesterday's close by -0.22%. (NASDAQ:CHTR) has "Buy" rating given on Thursday, February 16 by Pivotal Research. Barclays lowered Charter Communications from an "equal weight" rating to an "underweight" rating and increased their target price for the stock from $267.01 to $283.00 in a research note on Monday, December 4th. Macquarie reaffirmed a "buy" rating and issued a $365.00 price target on shares of Charter Communications in a report on Tuesday, May 2nd. Moffett Nathanson reiterated a "neutral" rating on shares of Charter Communications in a research report on Monday, October 16th. Evercore ISI lifted their price objective on shares of Charter Communications from $360.00 to $438.00 and gave the company an "outperform" rating in a research report on Friday, September 15th. Charter Communications has an average rating of "Buy" and an average target price of $378.12.

Charter Communications, Inc. has a twelve month low of $275.34 and a twelve month high of $408.83. (CHTR) stock brought in a $6.99 rise to $331.49. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $90.53 billion, a P/E ratio of 22.98 and a beta of 1.11. (NASDAQ:CHTR) news were published by: Nasdaq.com which released: "Charter Communications (CHTR) Up 1.8% Since Earnings Report: Can It Continue?" on November 28, 2017, also Prnewswire.com with their article: "Charter Communications Announces Spectrum Digital Education Grant Recipients ..." published on November 13, 2017, Investorplace.com published: "Charter Communications (CHTR) a Hold on Feeble Earnings Growth" on December 11, 2017. The company reported $0.19 EPS for the quarter, missing the Zacks' consensus estimate of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The company had revenue of $10.46 billion for the quarter, compared to analysts' expectations of $10.49 billion. During the same period in the prior year, the business earned $0.69 EPS. Charter Communications, Inc.is given 9 buy-equivalent recommendations, 0 sells and 8 holds. More interesting news about Charter Communications, Inc.

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Charter Communications Company Profile Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company's services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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