First Pacific Advisors LP Has $256.12 Million Stock Position in Charter Communications, Inc. $CHTR

First Pacific Advisors LP boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 626,508 shares of the company’s stock after buying an additional 7,499 shares during the period. Charter Communications makes up approximately 3.7% of First Pacific Advisors LP’s holdings, making the stock its 11th biggest holding. First Pacific Advisors LP’s holdings in Charter Communications were worth $256,123,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Charter Communications by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company’s stock worth $3,018,909,000 after buying an additional 120,303 shares during the period. JPMorgan Chase & Co. raised its holdings in Charter Communications by 53.6% during the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after buying an additional 806,145 shares during the period. Invesco Ltd. raised its holdings in Charter Communications by 7.0% during the 1st quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock worth $676,181,000 after buying an additional 120,624 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Charter Communications by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company’s stock worth $472,941,000 after buying an additional 19,594 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Charter Communications by 22.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock worth $405,118,000 after buying an additional 198,444 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on CHTR shares. KeyCorp dropped their target price on shares of Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Barclays lowered their price objective on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating on the stock in a report on Monday, July 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Charter Communications in a report on Wednesday, October 8th. Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a report on Tuesday, July 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Charter Communications in a report on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average target price of $373.71.

Insiders Place Their Bets

In other news, Director Balan Nair bought 360 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the acquisition, the director owned 9,622 shares in the company, valued at approximately $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher L. Winfrey bought 3,670 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the acquisition, the chief executive officer owned 70,243 shares of the company’s stock, valued at $19,183,363.30. The trade was a 5.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.83% of the stock is currently owned by insiders.

Charter Communications Price Performance

Shares of CHTR opened at $248.88 on Wednesday. The company has a market cap of $33.99 billion, a price-to-earnings ratio of 6.81, a PEG ratio of 0.56 and a beta of 1.05. Charter Communications, Inc. has a 1-year low of $242.81 and a 1-year high of $437.06. The company’s fifty day simple moving average is $263.98 and its 200 day simple moving average is $330.71. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57.

About Charter Communications

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.