Capital International Sarl Raises Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Capital International Sarl boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 129.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 12,764 shares of the company’s stock after purchasing an additional 7,202 shares during the period. Capital International Sarl’s holdings in Charter Communications were worth $3,710,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Charter Communications by 2.9% in the fourth quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock valued at $39,957,000 after acquiring an additional 2,940 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Charter Communications by 50.8% in the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after acquiring an additional 3,080 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Charter Communications by 14.3% in the fourth quarter. Mackenzie Financial Corp now owns 47,854 shares of the company’s stock valued at $18,600,000 after acquiring an additional 5,979 shares in the last quarter. Sands Capital Management LLC boosted its holdings in shares of Charter Communications by 5.7% in the fourth quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after acquiring an additional 17,112 shares in the last quarter. Finally, Oakcliff Capital Partners LP boosted its holdings in shares of Charter Communications by 8.2% in the fourth quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock valued at $14,954,000 after acquiring an additional 2,900 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 16.6 %

Shares of Charter Communications stock traded up $52.39 during trading hours on Friday, reaching $367.62. The stock had a trading volume of 4,962,396 shares, compared to its average volume of 1,473,366. The firm has a 50 day simple moving average of $292.90 and a two-hundred day simple moving average of $296.15. The firm has a market capitalization of $52.95 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 1.40 and a beta of 1.04. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating the consensus estimate of $7.98 by $0.51. The business had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $8.05 EPS. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 30.5 earnings per share for the current year.

Analyst Ratings Changes

CHTR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday, April 16th. Barclays reduced their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Loop Capital reduced their price objective on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a research note on Monday, April 29th. The Goldman Sachs Group began coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $331.80.

Charter Communications Company Profile

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; Advanced WiFi services; Spectrum Security Shield; 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.