Dodge & Cox Takes Position in Charter Communications, Inc. (CHTR)

Dodge & Cox acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,356,503 shares of the company’s stock, valued at approximately $2,981,844,000. Charter Communications makes up about 2.6% of Dodge & Cox’s holdings, making the stock its 10th largest position. Dodge & Cox owned 3.85% of Charter Communications at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Williams Jones & Associates LLC purchased a new position in Charter Communications during the second quarter worth about $879,000. Oregon Public Employees Retirement Fund raised its position in Charter Communications by 37.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 57,179 shares of the company’s stock worth $15,437,000 after buying an additional 15,673 shares during the last quarter. Bristlecone Advisors LLC purchased a new position in Charter Communications during the third quarter worth about $214,000. First National Bank of Omaha purchased a new position in Charter Communications during the third quarter worth about $203,000. Finally, Capstone Asset Management Co. raised its position in Charter Communications by 230.8% in the third quarter. Capstone Asset Management Co. now owns 17,368 shares of the company’s stock worth $4,689,000 after buying an additional 12,117 shares during the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

Charter Communications, Inc. (NASDAQ:CHTR) traded up 0.01% during trading on Monday, reaching $325.83. The company’s stock had a trading volume of 251,842 shares. The firm has a market cap of $87.61 billion, a P/E ratio of 20.43 and a beta of 1.04. Charter Communications, Inc. has a 52 week low of $193.77 and a 52 week high of $341.50. The stock’s 50 day moving average is $324.50 and its 200-day moving average is $287.41.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, February 16th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.67. The company had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.23 billion. Charter Communications had a return on equity of 0.62% and a net margin of 13.87%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.09) earnings per share. On average, equities research analysts forecast that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.

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CHTR has been the topic of a number of research analyst reports. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a report on Wednesday, November 23rd. Wunderlich lifted their target price on Charter Communications from $50.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, December 1st. Royal Bank of Canada initiated coverage on Charter Communications in a report on Tuesday, December 6th. They set an “outperform” rating and a $325.00 target price on the stock. Vetr raised Charter Communications from a “buy” rating to a “strong-buy” rating and set a $318.33 target price on the stock in a report on Monday, December 12th. Finally, TheStreet raised Charter Communications from a “hold” rating to a “buy” rating in a report on Wednesday, December 14th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $312.86.

About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

5 Day Chart for NASDAQ:CHTR

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