Charter Communications, Inc. $CHTR Stake Raised by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 119.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,969,507 shares of the company’s stock after purchasing an additional 1,617,148 shares during the quarter. First Eagle Investment Management LLC’s holdings in Charter Communications were worth $619,885,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its stake in Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after buying an additional 38 shares during the period. Orion Porfolio Solutions LLC increased its stake in Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after buying an additional 41 shares during the period. Occudo Quantitative Strategies LP increased its stake in Charter Communications by 1.4% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after buying an additional 41 shares during the period. Integrated Wealth Concepts LLC increased its stake in Charter Communications by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after buying an additional 49 shares during the period. Finally, CI Investments Inc. increased its stake in Charter Communications by 10.6% in the 3rd quarter. CI Investments Inc. now owns 573 shares of the company’s stock valued at $158,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

NASDAQ CHTR opened at $147.79 on Tuesday. 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 company has a fifty day simple moving average of $211.82 and a 200 day simple moving average of $212.46. The company has a market cap of $18.18 billion, a P/E ratio of 3.99, a P/E/G ratio of 0.27 and a beta of 0.76. Charter Communications, Inc. has a 1 year low of $146.46 and a 1 year high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same period last year, the company earned $8.42 earnings per share. Charter Communications’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, sell-side analysts predict that Charter Communications, Inc. will post 43 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Sanford C. Bernstein dropped their price target on shares of Charter Communications from $220.00 to $210.00 and set a “market perform” rating on the stock in a research note on Monday, April 27th. Wells Fargo & Company increased their price target on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Finally, TD Cowen increased their price target on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $315.67.

Insider Transactions at Charter Communications

In other news, Director Wade Davis bought 5,728 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the transaction, the director directly owned 6,925 shares of the company’s stock, valued at $1,203,011. This trade represents a 478.53% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Balan Nair bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average price of $175.46 per share, with a total value of $175,460.00. Following 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. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 10,196 shares of company stock valued at $1,767,822. Company insiders own 1.10% of the company’s stock.

Charter Communications Company 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.