Dodge & Cox Has $3.96 Billion Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Dodge & Cox cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,547,176 shares of the company's stock after selling 90,127 shares during the quarter. Charter Communications makes up approximately 2.3% of Dodge & Cox's portfolio, making the stock its 7th biggest position. Dodge & Cox owned 8.12% of Charter Communications worth $3,958,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Avior Wealth Management LLC increased its position in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Charter Communications during the fourth quarter valued at approximately $32,000. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications during the fourth quarter worth approximately $36,000. Brown Brothers Harriman & Co. grew its position in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new position in Charter Communications during the fourth quarter worth $45,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of CHTR traded up $6.46 during trading hours on Friday, reaching $338.96. 934,325 shares of the company's stock traded hands, compared to its average volume of 1,245,695. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market cap of $48.11 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The firm's 50 day simple moving average is $357.31 and its 200-day simple moving average is $357.98.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the firm earned $7.07 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BNP Paribas reissued an "underperform" rating and set a $290.00 price target on shares of Charter Communications in a research report on Thursday, April 10th. Barclays lifted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company reduced their target price on shares of Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They issued a "buy" rating and a $425.00 target price for the company. Finally, Royal Bank of Canada increased their price target on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $387.88.

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.