Brandywine Global Investment Management LLC Acquires Shares of 14,607 Charter Communications, Inc. (NASDAQ:CHTR)

Brandywine Global Investment Management LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTRGet Rating) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 14,607 shares of the company’s stock, valued at approximately $6,844,000.

Several other hedge funds have also recently made changes to their positions in CHTR. Massachusetts Financial Services Co. MA raised its position in Charter Communications by 67.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,189,146 shares of the company’s stock worth $2,285,264,000 after purchasing an additional 1,680,069 shares during the period. Renaissance Technologies LLC raised its position in Charter Communications by 462.8% in the 1st quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock worth $295,345,000 after purchasing an additional 445,200 shares during the period. Aaron Wealth Advisors LLC raised its position in Charter Communications by 51,943.8% in the 1st quarter. Aaron Wealth Advisors LLC now owns 407,503 shares of the company’s stock worth $747,000 after purchasing an additional 406,720 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Charter Communications by 507.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 477,631 shares of the company’s stock worth $260,557,000 after purchasing an additional 398,954 shares during the period. Finally, Franklin Resources Inc. raised its position in Charter Communications by 23.2% in the 2nd quarter. Franklin Resources Inc. now owns 1,608,959 shares of the company’s stock worth $753,846,000 after purchasing an additional 302,570 shares during the period. 66.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent analyst reports. Citigroup increased their price objective on shares of Charter Communications to $390.00 in a research report on Friday, November 4th. The Goldman Sachs Group dropped their target price on shares of Charter Communications from $488.00 to $429.00 and set a “buy” rating on the stock in a research note on Tuesday, November 1st. Credit Suisse Group dropped their target price on shares of Charter Communications from $676.00 to $551.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 27th. Cowen dropped their target price on shares of Charter Communications from $730.00 to $670.00 and set an “outperform” rating on the stock in a research note on Monday, October 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Charter Communications from $550.00 to $475.00 and set a “hold” rating on the stock in a research note on Tuesday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $512.35.

Charter Communications Price Performance

Shares of CHTR opened at $390.23 on Thursday. The company has a market cap of $60.75 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10. Charter Communications, Inc. has a twelve month low of $297.66 and a twelve month high of $693.09. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 7.73. The company has a 50 day moving average of $345.95 and a two-hundred day moving average of $419.20.

Charter Communications (NASDAQ:CHTRGet Rating) last posted its quarterly earnings results on Friday, October 28th. The company reported $7.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.01 by ($0.63). The company had revenue of $13.55 billion during the quarter, compared to analysts’ expectations of $13.67 billion. Charter Communications had a return on equity of 36.48% and a net margin of 10.21%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $6.50 EPS. As a group, analysts predict that Charter Communications, Inc. will post 31.69 earnings per share for the current fiscal year.

Charter Communications Company Profile

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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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

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

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