Charter Communications, Inc. $CHTR Shares Sold by Capital International Investors

Capital International Investors lowered its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 6.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,137,281 shares of the company’s stock after selling 591,012 shares during the period. Capital International Investors owned about 7.06% of Charter Communications worth $2,513,748,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Charter Communications during the 2nd quarter worth approximately $1,145,387,000. Vanguard Group Inc. boosted its stake in shares of Charter Communications by 13.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock valued at $2,575,630,000 after buying an additional 1,130,648 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Charter Communications by 79.3% during the third quarter. First Eagle Investment Management LLC now owns 1,352,359 shares of the company’s stock worth $372,041,000 after buying an additional 597,933 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Charter Communications by 33.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,899,330 shares of the company’s stock worth $522,534,000 after buying an additional 473,546 shares in the last quarter. Finally, Lind Value II ApS bought a new stake in shares of Charter Communications in the third quarter worth $60,646,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 4.1%

Shares of NASDAQ CHTR opened at $222.81 on Tuesday. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06. The company has a market cap of $28.21 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 0.37 and a beta of 1.02. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. The stock’s 50 day simple moving average is $215.84 and its 200 day simple moving average is $229.78.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing the consensus estimate of $10.40 by ($0.06). The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.10 earnings per share. Equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

CHTR has been the topic of a number of research analyst reports. Royal Bank Of Canada reduced their price objective on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Monday, December 29th. BNP Paribas Exane lowered their price objective on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a report on Tuesday, February 24th. UBS Group set a $425.00 target price on Charter Communications in a report on Thursday, January 29th. Finally, TD Cowen boosted their price target on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $335.11.

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.