Venator Management LLC Has $1.79 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Venator Management LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 17.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,975 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Charter Communications comprises approximately 0.5% of Venator Management LLC’s holdings, making the stock its 19th largest position. Venator Management LLC’s holdings in Charter Communications were worth $1,786,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CHTR. Capital International Investors boosted its position in Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after purchasing an additional 3,685,451 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after buying an additional 175,130 shares during the period. Parnassus Investments LLC boosted its holdings in shares of Charter Communications by 40.1% during the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after buying an additional 463,968 shares during the period. Putnam Investments LLC grew its stake in Charter Communications by 24.5% in the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after buying an additional 242,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Charter Communications by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after acquiring an additional 69,959 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHTR. Pivotal Research upped their price target on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. increased their target price on Charter Communications from $300.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Rosenblatt Securities raised their target price on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Barclays upped their price target on Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Finally, The Goldman Sachs Group assumed coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $360.93.

Charter Communications Price Performance

NASDAQ:CHTR 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 company has a 50-day moving average of $343.87 and a 200-day moving average of $301.60. 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 price-to-earnings ratio of 10.98, a PEG ratio of 0.61 and a beta of 1.05.

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