Capco Asset Management LLC Boosts Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Capco Asset Management LLC raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.7% in the second quarter, Holdings Channel reports. The fund owned 109,343 shares of the company’s stock after acquiring an additional 1,795 shares during the period. Charter Communications accounts for about 7.7% of Capco Asset Management LLC’s portfolio, making the stock its 5th biggest position. Capco Asset Management LLC’s holdings in Charter Communications were worth $32,689,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CHTR. Capital International Investors lifted its stake in Charter Communications by 53.6% in 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 in the last quarter. Pzena Investment Management LLC raised its holdings 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 worth $827,848,000 after acquiring an additional 1,399,034 shares during the period. Parnassus Investments LLC lifted its position in Charter Communications by 40.1% in the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock valued at $629,872,000 after acquiring an additional 463,968 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Charter Communications by 172,425.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after purchasing an additional 348,299 shares during the period. Finally, Putnam Investments LLC increased its holdings in Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after purchasing an additional 242,448 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CHTR. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a report on Wednesday, September 11th. Rosenblatt Securities upped their price target on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Barclays raised their price target 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. Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised their target price 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average price target of $360.93.

Charter Communications Trading Up 0.1 %

Charter Communications stock 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 stock has a 50-day simple moving average of $343.87 and a 200 day simple moving average of $301.60. The stock has a market capitalization of $48.92 billion, a P/E ratio of 10.98, a PEG ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30.

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 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 for the quarter, compared to analyst estimates of $13.59 billion. During the same period in the previous year, the firm earned $8.05 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current year.

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.