The Gabelli Funds LLC Has $38.04 Million Position in Charter Communications, Inc. (CHTR)

The Gabelli Funds LLC Has $38.04 Million Position in Charter Communications, Inc. (CHTR)

Several other hedge funds have also recently modified their holdings of the company. Dodge & Cox purchased a new stake in shares of Charter Communications during the fourth quarter valued at approximately $2,981,844,000. Addison Capital Co increased its position in shares of Charter Communications by 229.7% in the first quarter. Addison Capital Co now owns 5,216 shares of the company’s stock valued at $1,707,000 after buying an additional 3,634 shares during the period. Global Endowment Management LP bought a new position in shares of Charter Communications during the third quarter valued at about $7,686,000. Round Hill Asset Management bought a new position in shares of Charter Communications during the fourth quarter valued at about $6,814,000. Finally, APG Asset Management N.V. increased its position in Charter Communications by 30.0% in the third quarter. APG Asset Management N.V. now owns 715,062 shares of the company’s stock worth $193,045,000 after buying an additional 165,200 shares during the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.

Gabelli Funds LLC boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 0.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 116,206 shares of the company’s stock after buying an additional 50 shares during the period. Gabelli Funds LLC’s holdings in Charter Communications were worth $38,037,000 at the end of the most recent reporting period.

Charter Communications, Inc. (CHTR) opened at 353.03 on Monday. The company has a 50 day moving average price of $331.79 and a 200-day moving average price of $313.52. The company has a market cap of $94.45 billion, a PE ratio of 23.98 and a beta of 1.04. Charter Communications, Inc. has a 12 month low of $214.06 and a 12 month high of $354.05.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Tuesday, May 2nd. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.42. Charter Communications had a return on equity of 0.62% and a net margin of 13.87%. The business had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the business posted ($1.68) EPS. The firm’s revenue for the quarter was up 301.7% on a year-over-year basis. Equities analysts predict that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year. A number of research analysts have issued reports on the stock. CIBC assumed coverage on shares of Charter Communications in a research report on Friday. They set a “market perform” rating on the stock. Oppenheimer Holdings Inc. began coverage on Charter Communications in a research note on Thursday. They issued a “market perform” rating for the company. Royal Bank of Canada reissued a “buy” rating and set a $356.00 target price on shares of Charter Communications in a research note on Thursday, May 25th. Deutsche Bank AG lowered their target price on Charter Communications from $400.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Finally, Wunderlich cut shares of Charter Communications from a “buy” rating to a “hold” rating and decreased their price target for the stock from $360.00 to $350.00 in a research note on Wednesday, May 3rd. Eleven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $327.67.

In related news, Director Craig A. Jacobson sold 1,000 shares of Charter Communications stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $323.62, for a total value of $323,620.00. Following the completion of the sale, the director now owns 13,436 shares of the company’s stock, valued at $4,348,158.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Hargis sold 6,000 shares of Charter Communications stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $325.75, for a total value of $1,954,500.00. Following the completion of the sale, the executive vice president now directly owns 13,049 shares of the company’s stock, valued at approximately $4,250,711.75. The disclosure for this sale can be found here. Insiders own 1.51% of the company’s stock. About Charter Communications

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CHTR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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