Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Charter Communications by 1.5% during Q1, owning approximately 8.19 million shares valued at $3.02 billion.
• Recent analyst ratings for Charter Communications show mixed reviews, with target prices ranging from $275.00 to $415.00 and a consensus rating of "Hold".
• Charter Communications reported Q2 earnings of $9.18 per share, missing estimates by $0.88, while revenue increased by 0.6% year-over-year.

Vanguard Group Inc. boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,191,760 shares of the company's stock after buying an additional 120,303 shares during the period. Vanguard Group Inc. owned approximately 5.84% of Charter Communications worth $3,018,909,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Northern Trust Corp lifted its position in Charter Communications by 16.6% during the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock valued at $343,135,000 after purchasing an additional 142,883 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Charter Communications by 21.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock valued at $308,795,000 after purchasing an additional 161,547 shares in the last quarter. GAMMA Investing LLC lifted its position in Charter Communications by 43,296.0% during the first quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock valued at $316,176,000 after purchasing an additional 855,961 shares in the last quarter. Finally, First Pacific Advisors LP lifted its position in Charter Communications by 0.8% during the first quarter. First Pacific Advisors LP now owns 619,009 shares of the company's stock valued at $228,123,000 after purchasing an additional 4,887 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Up 1.7%

NASDAQ:CHTR traded up $4.33 during trading hours on Tuesday, hitting $263.10. The company's stock had a trading volume of 1,644,976 shares, compared to its average volume of 1,480,154. The stock has a market capitalization of $35.94 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.02. The stock has a fifty day moving average of $365.61 and a 200-day moving average of $367.34. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a 52-week low of $254.67 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate 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 earned $8.49 EPS. The business's quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Activity

In other Charter Communications news, Director Balan Nair bought 360 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the purchase, the director owned 9,622 shares of the company's stock, valued at approximately $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost 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 of the company's stock, valued at $19,183,363.30. This represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CHTR shares. Royal Bank Of Canada decreased their target price on Charter Communications from $430.00 to $370.00 and set a "sector perform" rating on the stock in a research note on Monday, July 28th. Sanford C. Bernstein raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 price target on the stock in a report on Monday, July 28th. Wall Street Zen raised Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and boosted their price target for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Finally, Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target on the stock in a report on Friday, May 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Charter Communications has a consensus 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.