FIL Ltd reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 14.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,349 shares of the company’s stock after selling 10,932 shares during the quarter. FIL Ltd’s holdings in Charter Communications were worth $22,687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swiss National Bank raised its stake in shares of Charter Communications by 11.8% during the second quarter. Swiss National Bank now owns 857,609 shares of the company’s stock valued at $288,886,000 after purchasing an additional 90,400 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Charter Communications by 43.3% during the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after purchasing an additional 93 shares in the last quarter. Allen Investment Management LLC bought a new stake in shares of Charter Communications during the second quarter valued at about $127,850,000. State of Tennessee Treasury Department raised its stake in shares of Charter Communications by 6.7% during the second quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock valued at $44,476,000 after purchasing an additional 8,280 shares in the last quarter. Finally, Birinyi Associates Inc. bought a new stake in shares of Charter Communications during the second quarter valued at about $269,000. Institutional investors and hedge funds own 74.09% of the company’s stock.

CHTR has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Telsey Advisory Group cut shares of Charter Communications from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $450.00 to $340.00 in a research report on Tuesday, September 5th. BidaskClub cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Wells Fargo & Company reiterated a “market perform” rating and issued a $372.00 price target (up from $330.00) on shares of Charter Communications in a research report on Sunday, July 30th. Finally, CIBC initiated coverage on shares of Charter Communications in a research report on Friday, June 2nd. They issued a “market perform” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $379.19.

Charter Communications, Inc. (NASDAQ:CHTR) opened at 360.30 on Friday. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83. The stock has a market cap of $92.92 billion, a PE ratio of 103.21 and a beta of 1.10. The company has a 50-day moving average price of $389.33 and a 200-day moving average price of $348.25.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. During the same period in the previous year, the company posted $0.99 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts anticipate that Charter Communications, Inc. will post $0.60 earnings per share for the current year.

In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total value of $4,379,424.00. Following the transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at $7,191,975. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.56% of the company’s stock.

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About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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

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