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

Dimensional Fund Advisors LP increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 712,550 shares of the company’s stock after buying an additional 69,959 shares during the quarter. Dimensional Fund Advisors LP owned about 0.49% of Charter Communications worth $212,998,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CVA Family Office LLC increased its holdings in shares of Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. acquired a new position in Charter Communications in the 1st quarter valued at $34,000. Riverview Trust Co purchased a new position in Charter Communications during the 1st quarter worth $40,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after acquiring an additional 83 shares during the period. Finally, Beach Investment Counsel Inc. PA purchased a new stake in shares of Charter Communications in the second quarter valued at about $50,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 0.1 %

Shares of CHTR opened at $339.64 on Thursday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two 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 stock has a fifty day moving average of $343.87 and a two-hundred day moving average of $301.60. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating 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 firm had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. During the same period in the prior year, the firm posted $8.05 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts forecast that Charter Communications, Inc. will post 32.52 EPS for the current year.

Wall Street Analyst Weigh In

CHTR has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Barclays lifted their price target on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Rosenblatt Securities increased their price objective on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. TD Cowen boosted their target price on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Wolfe Research cut shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $360.93.

Charter Communications Company 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.