Capital World Investors Has $334.89 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Capital World Investors decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 23.8% in the first quarter, Holdings Channel reports. The fund owned 1,152,294 shares of the company’s stock after selling 359,452 shares during the period. Capital World Investors’ holdings in Charter Communications were worth $334,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors raised its position in shares of Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after buying an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Charter Communications by 96.5% during the first quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock valued at $827,848,000 after buying an additional 1,399,034 shares during the last quarter. Parnassus Investments LLC raised its position in shares of Charter Communications by 40.1% during the fourth quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock valued at $629,872,000 after buying an additional 463,968 shares during the last quarter. Putnam Investments LLC raised its position in shares of Charter Communications by 24.5% during the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after buying an additional 242,448 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Charter Communications during the fourth quarter valued at about $310,727,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 16.6 %

NASDAQ CHTR traded up $52.39 during trading hours on Friday, hitting $367.62. The company’s stock had a trading volume of 4,962,708 shares, compared to its average volume of 1,439,480. The stock has a fifty day moving average of $292.90 and a 200 day moving average of $296.15. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The firm has a market capitalization of $52.95 billion, a P/E ratio of 11.89, a PEG ratio of 1.41 and a beta of 1.04. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping the consensus estimate of $7.55 by $0.94. The company had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business posted $8.05 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post 30.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHTR. Pivotal Research dropped their price target on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Morgan Stanley increased their price target on shares of Charter Communications from $300.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th. Citigroup lowered shares of Charter Communications from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $280.00 to $255.00 in a research report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Finally, Loop Capital dropped their price target on shares of Charter Communications from $335.00 to $285.00 and set a “hold” 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 issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $331.80.

About Charter Communications

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.