Coronation Fund Managers Ltd. Has $7.74 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Coronation Fund Managers Ltd. decreased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,878 shares of the company’s stock after selling 3,542 shares during the period. Coronation Fund Managers Ltd.’s holdings in Charter Communications were worth $7,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital International Investors increased its holdings in Charter Communications by 53.6% during the 1st 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 in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Charter Communications by 6.1% during the second 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 in the last quarter. Putnam Investments LLC raised its position 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. Dimensional Fund Advisors LP raised its position in Charter Communications by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after buying an additional 69,959 shares during the last quarter. Finally, First Pacific Advisors LP lifted its stake in Charter Communications by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock valued at $183,144,000 after acquiring an additional 12,218 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHTR. Wells Fargo & Company raised their price target on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $300.00 to $385.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, TD Cowen lifted their target price on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $356.41.

Charter Communications Stock Up 1.5 %

CHTR stock opened at $328.95 on Wednesday. The firm has a market capitalization of $47.38 billion, a PE ratio of 10.64, a PEG ratio of 0.61 and a beta of 1.05. The business’s 50 day simple moving average is $344.98 and its 200 day simple moving average is $304.05. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84.

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

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.