Vanguard Personalized Indexing Management LLC Raises Position in Charter Communications, Inc. (NASDAQ:CHTR)

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,504 shares of the company’s stock after purchasing an additional 1,026 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Charter Communications were worth $2,841,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CVA Family Office LLC grew its stake in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in Charter Communications in the 1st quarter valued at approximately $34,000. Riverview Trust Co purchased a new position in Charter Communications in the 1st quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after purchasing an additional 83 shares during the period. Finally, Beach Investment Counsel Inc. PA bought a new position in Charter Communications in the 2nd quarter valued at $50,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on CHTR. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Royal Bank of Canada began coverage on shares of Charter Communications in a report on Thursday. They issued a “sector perform” rating and a $345.00 price target for the company. Wolfe Research downgraded shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 31st. Wells Fargo & Company raised their price target on shares of Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Finally, The Goldman Sachs Group began coverage on shares of Charter Communications in a report on Monday, July 1st. They issued a “sell” rating and a $250.00 price target for the company. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $359.94.

Charter Communications Stock Performance

Charter Communications stock opened at $330.40 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The company has a market capitalization of $47.59 billion, a PE ratio of 10.69, a P/E/G ratio of 0.61 and a beta of 1.05. The firm has a fifty day simple moving average of $344.81 and a two-hundred day simple moving average of $302.16. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping the consensus estimate of $7.98 by $0.51. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $8.05 earnings per share. Research analysts expect that Charter Communications, Inc. will post 32.52 EPS for the current year.

Charter Communications 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.