First Eagle Investment Management LLC Has $308.42 Million Position in Charter Communications, Inc. $CHTR

First Eagle Investment Management LLC reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 754,426 shares of the company’s stock after selling 14,485 shares during the period. First Eagle Investment Management LLC owned 0.55% of Charter Communications worth $308,417,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gamco Investors INC. ET AL grew its stake in Charter Communications by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company’s stock valued at $1,153,000 after purchasing an additional 25 shares in the last quarter. Allworth Financial LP raised its stake in shares of Charter Communications by 10.5% during the 1st quarter. Allworth Financial LP now owns 283 shares of the company’s stock worth $104,000 after purchasing an additional 27 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of Charter Communications by 24.3% during the 1st quarter. Hemington Wealth Management now owns 143 shares of the company’s stock valued at $52,000 after buying an additional 28 shares during the last quarter. Cooper Financial Group grew its stake in shares of Charter Communications by 2.3% in the 2nd quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock valued at $515,000 after buying an additional 28 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Charter Communications by 1.1% in the 1st quarter. Brown Advisory Inc. now owns 2,704 shares of the company’s stock valued at $997,000 after buying an additional 29 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR opened at $217.86 on Friday. The company has a market capitalization of $29.76 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. Charter Communications, Inc. has a one year low of $214.83 and a one year high of $437.06. The company’s fifty day moving average price is $258.13 and its 200 day moving average price is $325.39.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.66 by ($1.32). The business had revenue of $13.67 billion during the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $8.82 earnings per share. As a group, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

CHTR has been the topic of several recent research reports. Barclays cut their price objective on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday. Oppenheimer downgraded shares of Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday. Wells Fargo & Company decreased their price objective on shares of Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a report on Monday. UBS Group lowered their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Finally, Royal Bank Of Canada reduced their price target on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a research report on Monday. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $329.56.

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.