Vanguard Group Inc. Increases Position in Charter Communications, Inc. $CHTR

Vanguard Group Inc. raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,362,352 shares of the company’s stock after buying an additional 1,130,648 shares during the period. Vanguard Group Inc. owned about 0.07% of Charter Communications worth $2,575,630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CHTR. Pallas Capital Advisors LLC acquired a new position in Charter Communications during the 3rd quarter worth about $1,269,000. JPMorgan Chase & Co. increased its stake in Charter Communications by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 2,288,208 shares of the company’s stock worth $629,498,000 after purchasing an additional 42,499 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Charter Communications by 1.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 31,521 shares of the company’s stock worth $8,672,000 after purchasing an additional 326 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of Charter Communications by 9.4% in the third quarter. Cidel Asset Management Inc. now owns 2,264 shares of the company’s stock valued at $623,000 after purchasing an additional 194 shares during the period. Finally, Ameritas Advisory Services LLC grew its holdings in shares of Charter Communications by 594.1% in the third quarter. Ameritas Advisory Services LLC now owns 472 shares of the company’s stock valued at $130,000 after purchasing an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 0.9%

Charter Communications stock opened at $239.14 on Thursday. The stock’s fifty day moving average is $210.14 and its two-hundred day moving average is $233.11. The stock has a market cap of $30.28 billion, a PE ratio of 6.59, a P/E/G ratio of 0.37 and a beta of 1.05. Charter Communications, Inc. has a 1-year low of $180.38 and a 1-year high of $437.06. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.10 EPS. On average, sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of research reports. Barclays reduced their target price on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada cut their price objective on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, UBS Group set a $425.00 price objective on Charter Communications in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $335.67.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.