Dimensional Fund Advisors LP Sells 95,633 Shares of Charter Communications, Inc. $CHTR

Dimensional Fund Advisors LP trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.3% during the first quarter, HoldingsChannel.com reports. The firm owned 1,701,162 shares of the company’s stock after selling 95,633 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Charter Communications were worth $367,355,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after buying an additional 55 shares in the last quarter. Quarry LP grew its holdings in shares of Charter Communications by 153.2% in the fourth quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in Charter Communications in the fourth quarter valued at $25,000. DV Equities LLC bought a new position in shares of Charter Communications in the 4th quarter worth approximately $25,000. Finally, Rakuten Securities Inc. lifted its position in Charter Communications by 535.0% during the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock valued at $52,000 after buying an additional 107 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CHTR. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a report on Monday, April 27th. New Street Research lowered their target price on Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. UBS Group restated a “neutral” rating and set a $235.00 target price on shares of Charter Communications in a research note on Thursday, June 25th. Royal Bank Of Canada cut their target price on Charter Communications from $220.00 to $160.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group dropped their price objective on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a report on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $249.12.

Insider Activity at Charter Communications

In other Charter Communications news, Director Thomas Rutledge sold 18,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total value of $2,674,308.00. Following the completion of the sale, the director directly owned 3,968 shares in the company, valued at $583,057.92. This trade represents a 82.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Balan Nair bought 1,000 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the completion of the transaction, the director directly owned 12,029 shares in the company, valued at $2,110,608.34. This represents a 9.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 20,125 shares of company stock valued at $3,167,116 over the last three months. Company insiders own 1.10% of the company’s stock.

Charter Communications Price Performance

CHTR opened at $127.79 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The business’s fifty day simple moving average is $137.07 and its 200-day simple moving average is $185.58. Charter Communications, Inc. has a 12-month low of $124.05 and a 12-month high of $402.15. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 3.45, a PEG ratio of 0.23 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The business had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $8.42 EPS. On average, equities research analysts anticipate that Charter Communications, Inc. will post 41.47 earnings per share for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.