Dodge & Cox Cuts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Dodge & Cox trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,547,176 shares of the company’s stock after selling 90,127 shares during the period. Charter Communications comprises about 2.3% of Dodge & Cox’s portfolio, making the stock its 7th largest position. Dodge & Cox owned about 8.12% of Charter Communications worth $3,958,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Avior Wealth Management LLC boosted its holdings in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Charter Communications in the fourth quarter valued at $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications in the 4th quarter valued at about $36,000. Brown Brothers Harriman & Co. increased its position in 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 buying an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications in the fourth quarter valued at approximately $45,000. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the subject of several research reports. Barclays raised their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Benchmark restated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada lifted their price target on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Citigroup began coverage on shares of Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 target price for the company. Finally, BNP Paribas reissued an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $387.88.

Charter Communications Price Performance

Charter Communications stock opened at $340.40 on Tuesday. The stock has a 50-day moving average price of $358.15 and a two-hundred day moving average price of $358.09. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $48.32 billion, a PE ratio of 9.74, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the company posted $7.07 earnings per share. Analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Company 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.