Charter Communications, Inc. (NASDAQ:CHTR) is Pzena Investment Management LLC's 5th Largest Position

Pzena Investment Management LLC decreased its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,783,467 shares of the company's stock after selling 23,506 shares during the period. Charter Communications accounts for approximately 3.6% of Pzena Investment Management LLC's investment portfolio, making the stock its 5th largest position. Pzena Investment Management LLC owned 1.96% of Charter Communications worth $1,025,791,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Allworth Financial LP increased its stake in Charter Communications by 10.5% during the 1st quarter. Allworth Financial LP now owns 283 shares of the company's stock worth $104,000 after buying an additional 27 shares during the period. Brown Brothers Harriman & Co. increased its position 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 acquiring an additional 29 shares during the period. Brown Advisory Inc. increased its position in shares of Charter Communications by 1.1% during the first quarter. Brown Advisory Inc. now owns 2,704 shares of the company's stock worth $997,000 after acquiring an additional 29 shares during the period. Quadrant Capital Group LLC increased its position in shares of Charter Communications by 4.2% during the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after acquiring an additional 30 shares during the period. Finally, Kathmere Capital Management LLC increased its position in shares of Charter Communications by 3.8% during the first quarter. Kathmere Capital Management LLC now owns 876 shares of the company's stock worth $323,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Trading Down 0.4%

Charter Communications stock traded down $1.48 during trading on Friday, reaching $382.08. The company had a trading volume of 1,122,280 shares, compared to its average volume of 1,266,597. Charter Communications, Inc. has a 12-month low of $304.76 and a 12-month high of $437.06. The stock's 50 day moving average price is $400.54 and its two-hundred day moving average price is $372.10. The firm has a market capitalization of $53.63 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The company had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter in the previous year, the firm posted $7.55 earnings per share. Charter Communications's revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays upped their price objective on Charter Communications from $320.00 to $341.00 and gave the stock an "underweight" rating in a research report on Monday. Sanford C. Bernstein downgraded shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 target price on the stock. in a research report on Monday, June 2nd. UBS Group raised their price objective on shares of Charter Communications from $400.00 to $425.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and raised their price objective for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Finally, 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. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $422.37.

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.