Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by First Pacific Advisors LP

First Pacific Advisors LP grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 619,009 shares of the company's stock after purchasing an additional 4,887 shares during the quarter. Charter Communications makes up approximately 3.7% of First Pacific Advisors LP's holdings, making the stock its 11th biggest holding. First Pacific Advisors LP owned about 0.44% of Charter Communications worth $228,123,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. ST Germain D J Co. Inc. boosted its holdings in shares of Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Charter Communications by 93.2% during the 1st 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. Brown Brothers Harriman & Co. grew its holdings in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares in the last quarter. Larson Financial Group LLC lifted its position in Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock worth $36,000 after buying an additional 40 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in Charter Communications in the first quarter valued at approximately $47,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

CHTR traded down $7.28 during trading on Monday, hitting $302.48. The company's stock had a trading volume of 2,266,963 shares, compared to its average volume of 1,368,100. The company has a current ratio of 0.33, a quick ratio of 0.36 and a debt-to-equity ratio of 4.57. The business's fifty day simple moving average is $396.12 and its 200 day simple moving average is $373.57. The firm has a market capitalization of $42.46 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 0.34 and a beta of 1.08. Charter Communications, Inc. has a twelve month low of $297.08 and a twelve month high of $437.06.

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

Wall Street Analyst Weigh In

CHTR has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their price objective on Charter Communications from $430.00 to $370.00 and set a "sector perform" rating on the stock in a research report on Monday. BNP Paribas reaffirmed an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. UBS Group increased their price target on Charter Communications from $400.00 to $425.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Bank of America raised their target price on Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Finally, Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target for the company in a report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $416.00.

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.