First Eagle Investment Management LLC cut its stake in Charter Communications Inc. (NASDAQ:CHTR) by 62.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 112,036 shares of the company’s stock after selling 186,566 shares during the period. First Eagle Investment Management LLC’s holdings in Charter Communications were worth $30,246,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox bought a new stake in shares of Charter Communications during the second quarter valued at approximately $2,594,469,000. Vanguard Group Inc. boosted its stake in shares of Charter Communications by 76.5% in the second quarter. Vanguard Group Inc. now owns 9,136,358 shares of the company’s stock valued at $2,088,936,000 after buying an additional 3,960,440 shares during the period. FMR LLC boosted its stake in shares of Charter Communications by 20.6% in the second quarter. FMR LLC now owns 8,564,964 shares of the company’s stock valued at $1,958,293,000 after buying an additional 1,460,694 shares during the period. Capital World Investors boosted its stake in shares of Charter Communications by 2.9% in the second quarter. Capital World Investors now owns 6,208,062 shares of the company’s stock valued at $1,419,411,000 after buying an additional 174,062 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Charter Communications by 181.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,131,578 shares of the company’s stock valued at $1,173,284,000 after buying an additional 3,310,589 shares during the period. Institutional investors own 77.56% of the company’s stock.

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

Charter Communications Inc. (NASDAQ:CHTR) traded up 0.851% during midday trading on Tuesday, hitting $273.125. 231,456 shares of the company traded hands. The company has a market cap of $73.93 billion, a PE ratio of 16.246 and a beta of 0.93. Charter Communications Inc. has a 12-month low of $156.13 and a 12-month high of $281.36. The stock has a 50 day moving average price of $259.94 and a 200-day moving average price of $247.46.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by $0.10. Charter Communications had a net margin of 13.87% and a return on equity of 0.62%. The business earned $10.04 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company posted $0.48 earnings per share. Charter Communications’s revenue was up 309.7% compared to the same quarter last year. Analysts expect that Charter Communications Inc. will post $0.60 EPS for the current year.

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Several analysts recently commented on CHTR shares. Pivotal Research raised their price objective on shares of Charter Communications from $333.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 26th. Morgan Stanley reiterated a “buy” rating and issued a $300.00 price objective on shares of Charter Communications in a research note on Monday, September 12th. TheStreet upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. Deutsche Bank AG raised their price objective on shares of Charter Communications from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, Bank of America Corp. started coverage on shares of Charter Communications in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $300.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Charter Communications presently has a consensus rating of “Buy” and a consensus price target of $289.97.

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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