First Eagle Investment Management LLC Purchases 348,299 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

First Eagle Investment Management LLC boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 172,425.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 348,501 shares of the company’s stock after purchasing an additional 348,299 shares during the quarter. First Eagle Investment Management LLC owned about 0.24% of Charter Communications worth $104,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC grew its stake in shares of Charter Communications by 12.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,504 shares of the company’s stock valued at $2,841,000 after acquiring an additional 1,026 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Charter Communications by 6.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,515 shares of the company’s stock worth $453,000 after purchasing an additional 94 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Charter Communications by 8.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,712 shares of the company’s stock worth $1,110,000 after purchasing an additional 282 shares during the period. Virtu Financial LLC acquired a new stake in shares of Charter Communications in the second quarter valued at approximately $1,132,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Charter Communications by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after buying an additional 69,959 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Up 0.1 %

Shares of NASDAQ:CHTR opened at $339.64 on Thursday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a market capitalization of $48.92 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. 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 fifty day moving average of $343.87 and a 200-day moving average of $301.60.

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

Analyst Ratings Changes

Several brokerages have weighed in on CHTR. TD Cowen lifted their price objective on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on Charter Communications from $300.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Barclays increased their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Pivotal Research boosted their target price on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company increased their price target on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock 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.