Charter Communications, Inc. $CHTR Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 79.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,352,359 shares of the company’s stock after purchasing an additional 597,933 shares during the quarter. First Eagle Investment Management LLC owned 1.05% of Charter Communications worth $372,041,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CI Investments Inc. lifted its holdings in shares of Charter Communications by 10.6% in the 3rd quarter. CI Investments Inc. now owns 573 shares of the company’s stock worth $158,000 after acquiring an additional 55 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its position in shares of Charter Communications by 227.9% during the third quarter. Focus Partners Advisor Solutions LLC now owns 3,171 shares of the company’s stock worth $872,000 after buying an additional 2,204 shares during the period. 111 Capital raised its holdings in shares of Charter Communications by 36.7% in the 3rd quarter. 111 Capital now owns 2,773 shares of the company’s stock valued at $763,000 after buying an additional 745 shares during the period. Rafferty Asset Management LLC grew its position in Charter Communications by 41.4% in the 3rd quarter. Rafferty Asset Management LLC now owns 54,538 shares of the company’s stock valued at $15,004,000 after acquiring an additional 15,970 shares in the last quarter. Finally, Caitlin John LLC purchased a new stake in Charter Communications during the third quarter worth about $41,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 0.8%

Shares of Charter Communications stock opened at $232.80 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. The company has a fifty day simple moving average of $213.66 and a 200-day simple moving average of $231.12. The stock has a market cap of $29.48 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 0.37 and a beta of 1.02. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. Charter Communications’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $10.10 earnings per share. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on CHTR. Wells Fargo & Company raised their price target on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research report on Monday, February 2nd. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Sanford C. Bernstein set a $220.00 target price on shares of Charter Communications in a report on Wednesday, January 28th. Citigroup lowered their price target on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, UBS Group set a $425.00 price objective on shares of Charter Communications in a research report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $335.11.

Charter Communications 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.