Dimensional Fund Advisors LP Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Dimensional Fund Advisors LP increased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 712,550 shares of the company’s stock after buying an additional 69,959 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Charter Communications were worth $212,998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in shares of Charter Communications by 53.6% in the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after purchasing an additional 3,685,451 shares during the period. Pzena Investment Management LLC lifted its position in Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after buying an additional 175,130 shares in the last quarter. Parnassus Investments LLC grew its stake in Charter Communications by 40.1% during the fourth quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after buying an additional 463,968 shares during the period. Putnam Investments LLC increased its position in shares of Charter Communications by 24.5% in the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after acquiring an additional 242,448 shares in the last quarter. Finally, First Pacific Advisors LP raised its stake in shares of Charter Communications by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock valued at $183,144,000 after acquiring an additional 12,218 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 0.1 %

NASDAQ:CHTR opened at $339.64 on Thursday. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $48.92 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The stock has a 50-day simple moving average of $343.87 and a 200 day simple moving average of $301.60.

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

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of research reports. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a research report on Wednesday, September 11th. Morgan Stanley increased their target price on Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, Rosenblatt Securities boosted their target price on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and a consensus target price of $360.93.

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.