Dimensional Fund Advisors LP Acquires 21,203 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Dimensional Fund Advisors LP boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 642,061 shares of the company’s stock after purchasing an additional 21,203 shares during the period. Dimensional Fund Advisors LP’s holdings in Charter Communications were worth $249,575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised its holdings in shares of Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after buying an additional 27 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Charter Communications by 9.8% during the third quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock valued at $138,000 after acquiring an additional 28 shares during the period. Aspiriant LLC boosted its stake in shares of Charter Communications by 2.3% in the 4th quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock valued at $596,000 after purchasing an additional 35 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Charter Communications by 5.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock worth $257,000 after purchasing an additional 36 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Charter Communications by 23.8% during the 3rd quarter. Allworth Financial LP now owns 198 shares of the company’s stock worth $87,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Loop Capital reduced their price target on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Citigroup decreased their price target on Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. UBS Group dropped their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. decreased their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus target price of $356.47.

Charter Communications Price Performance

NASDAQ CHTR opened at $274.65 on Tuesday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30. The firm’s 50 day moving average is $275.66 and its 200-day moving average is $334.43. The company has a market capitalization of $39.56 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 1.11 and a beta of 0.97. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The business had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.65 earnings per share. Equities research analysts anticipate that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal 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.