Dodge & Cox Increases Holdings in Charter Communications, Inc. $CHTR

Dodge & Cox increased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,807,549 shares of the company’s stock after purchasing an additional 681,063 shares during the quarter. Charter Communications makes up about 1.8% of Dodge & Cox’s portfolio, making the stock its 22nd biggest position. Dodge & Cox owned approximately 0.09% of Charter Communications worth $3,248,316,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHTR. Webster Bank N. A. purchased a new stake in shares of Charter Communications in the 3rd quarter worth $28,000. Heritage Wealth Advisors bought a new position in shares of Charter Communications during the 2nd quarter worth $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Charter Communications during the third quarter valued at $30,000. Geneos Wealth Management Inc. raised its holdings in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Charter Communications in the third quarter valued at about $38,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Up 1.4%

NASDAQ:CHTR opened at $218.19 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications, Inc. has a twelve month low of $180.38 and a twelve month high of $437.06. The company has a market cap of $27.63 billion, a PE ratio of 6.01, a P/E/G ratio of 0.34 and a beta of 1.02. The company’s 50 day moving average is $216.65 and its two-hundred day moving average is $228.85.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the prior year, the business posted $10.10 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CHTR shares. BNP Paribas Exane dropped their target price on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. The Goldman Sachs Group lowered their price target on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Sanford C. Bernstein set a $220.00 price objective on shares of Charter Communications in a research note on Wednesday, January 28th. Finally, KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a research note on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $335.11.

Charter Communications Company Profile

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.