Dimensional Fund Advisors LP Buys 198,444 Shares of Charter Communications, Inc. $CHTR

Key Points

• Dimensional Fund Advisors LP increased its ownership of Charter Communications shares by 22.0% during the first quarter, holding 1,099,293 shares valued at approximately $405 million.
• Insider transactions included CEO Christopher L. Winfrey purchasing 3,670 shares and Director Balan Nair acquiring 360 shares, indicating confidence in the company's stock.
• Analysts have mixed ratings on Charter Communications, with a consensus price target of $410.59 and several upgrades from various institutions, reflecting shifting opinions on the stock's performance.

Dimensional Fund Advisors LP raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 22.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,099,293 shares of the company's stock after buying an additional 198,444 shares during the period. Dimensional Fund Advisors LP owned about 0.78% of Charter Communications worth $405,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CHTR. SouthState Corp bought a new position in shares of Charter Communications in the first quarter valued at $25,000. ST Germain D J Co. Inc. lifted its stake in shares of Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after buying an additional 77 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after buying an additional 41 shares in the last quarter. Strengthening Families & Communities LLC bought a new position in shares of Charter Communications in the first quarter valued at $33,000. Finally, Larson Financial Group LLC lifted its stake in shares of Charter Communications by 70.2% in the first quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after buying an additional 40 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Price Performance

CHTR stock traded up $0.6920 during midday trading on Wednesday, reaching $267.7020. The company had a trading volume of 1,328,148 shares, compared to its average volume of 1,490,389. Charter Communications, Inc. has a 1 year low of $254.67 and a 1 year high of $437.06. The company has a market capitalization of $36.57 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.60 and a beta of 1.02. The firm has a 50-day moving average price of $350.18 and a 200-day moving average price of $363.56. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business had revenue of $13.77 billion during the quarter, compared to analysts' expectations of $13.76 billion. During the same period last year, the company posted $8.49 EPS. Charter Communications's revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Balan Nair purchased 360 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the acquisition, the director directly owned 9,622 shares of the company's stock, valued at $2,638,448.62. This represents a 3.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the acquisition, the chief executive officer directly owned 70,243 shares in the company, valued at $19,183,363.30. The trade was a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.83% of the company's stock.

Analyst Ratings Changes

CHTR has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Morgan Stanley lifted their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Bank of America lifted their target price on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price for the company in a research note on Friday, May 16th. Finally, Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Charter Communications presently has an average rating of "Hold" and a consensus price target of $410.59.

Charter Communications 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.