Vanguard Personalized Indexing Management LLC Has $2.84 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Vanguard Personalized Indexing Management LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,504 shares of the company’s stock after purchasing an additional 1,026 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Charter Communications were worth $2,841,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. boosted its position in Charter Communications by 6.6% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,515 shares of the company’s stock valued at $453,000 after acquiring an additional 94 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Charter Communications by 8.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,712 shares of the company’s stock valued at $1,110,000 after acquiring an additional 282 shares during the last quarter. Virtu Financial LLC bought a new stake in Charter Communications during the second quarter valued at $1,132,000. Dimensional Fund Advisors LP boosted its position in Charter Communications by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after acquiring an additional 69,959 shares during the last quarter. Finally, Weik Capital Management bought a new stake in Charter Communications during the second quarter valued at $1,100,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 0.3 %

NASDAQ:CHTR opened at $330.40 on Friday. 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 firm has a market cap of $47.59 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The firm has a 50-day moving average price of $344.81 and a two-hundred day moving average price of $302.16.

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

Analysts Set New Price Targets

CHTR has been the topic of a number of research analyst reports. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Wells Fargo & Company increased their price objective on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Barclays increased their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective 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. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $359.94.

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.