Charter settles with NY for $13 million over cable expansion


The Company also owns and operates regional sports networks and local sports, news and lifestyle channels and sells security and home management services to the residential marketplace. LLC's holdings in Charter Communications were worth $1,599,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dowling & Yahnke LLC bought a new stake in Charter Communications during the first quarter valued at about $203,000. CKW Financial Group now owns 552 shares of the company's stock worth $149,000 after buying an additional 100 shares during the last quarter. CKW Financial Group raised its stake in Charter Communications by 22.1% in the third quarter. Boston Family Office LLC purchased a new stake in Charter Communications during the first quarter worth approximately $202,000. Finally, San Francisco Sentry Investment Group CA bought a new stake in Charter Communications during the first quarter valued at about $206,000.

Parkwood LLC cut its stake in Charter Communications, Inc. (CHTR) traded up 0.56% during trading on Friday, reaching $340.22. 1,045,865 shares of the company were exchanged. On average, equities analysts anticipate that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year. The company has a market capitalization of $91.02 billion, a price-to-earnings ratio of 23.11 and a beta of 1.11. The stock's 50-day moving average price is $332.03 and its 200 day moving average price is $320.04.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Tuesday, May 2nd. Charter Communications had a net margin of 10.55% and a return on equity of 2.13%. The business had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the previous year, the firm earned ($1.68) earnings per share. The company's revenue for the quarter was up 301.7% on a year-over-year basis.

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A number of brokerages have issued reports on CHTR. SunTrust Banks, Inc. started coverage on shares of Charter Communications in a research note on Tuesday, April 18th. Macquarie restated a "buy" rating and set a $365.00 target price on shares of Charter Communications in a report on Wednesday, April 19th. Eleven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. The company presently has a consensus rating of "Buy" and a consensus price target of $327.67.

In other Charter Communications news, EVP Jonathan Hargis sold 6,000 shares of Charter Communications stock in a transaction that occurred on Tuesday, May 9th. The purchase was disclosed in a document filed with the SEC, which is available through this link. 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 transaction, the director now owns 13,436 shares of the company's stock, valued at approximately $4,348,158.32. The disclosure for this sale can be found here.

Charter Communications responded to charges by NY regulators that it's behind on obligations to expand its network tied to its merger past year with Time Warner Cable.

On January 8, 2016, using strengthened review standards signed into law by Governor Andrew M. Cuomo, the Commission approved the sale of Time Warner to Charter, a company that provides television, internet and voice services.