Charter Communications, Inc. (NASDAQ:CHTR) Holdings Boosted by Cheviot Value Management LLC

Cheviot Value Management LLC boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,886 shares of the company’s stock after acquiring an additional 125 shares during the period. Cheviot Value Management LLC’s holdings in Charter Communications were worth $564,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Capital International Investors lifted its holdings in Charter Communications by 53.6% in the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after acquiring an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after acquiring an additional 175,130 shares during the last quarter. Parnassus Investments LLC lifted its holdings in Charter Communications by 40.1% in the fourth quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after acquiring an additional 463,968 shares during the last quarter. Putnam Investments LLC lifted its holdings in Charter Communications by 24.5% in the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after acquiring an additional 242,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Charter Communications by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after acquiring an additional 69,959 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 0.4 %

Charter Communications stock opened at $331.62 on Tuesday. 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 $47.76 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The firm’s 50 day moving average price is $344.95 and its two-hundred day moving average price is $302.84.

Charter Communications (NASDAQ:CHTR) last posted 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. The firm had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.05 earnings per share. On average, research analysts predict that Charter Communications, Inc. will post 32.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CHTR shares. Rosenblatt Securities raised their price target on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group started coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 price target on the stock. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research note on Wednesday, September 11th. Finally, Morgan Stanley raised their price target on shares of Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $359.94.

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.