Los Angeles Capital Management LLC Purchases Shares of 18,705 Charter Communications, Inc. (NASDAQ:CHTR)

Los Angeles Capital Management LLC bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,705 shares of the company's stock, valued at approximately $6,062,000.

Several other large investors also recently bought and sold shares of CHTR. Capital International Investors lifted its holdings in shares of Charter Communications by 53.6% in the first quarter. Capital International Investors now owns 10,558,651 shares of the company's stock valued at $3,068,661,000 after purchasing an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Charter Communications by 6.1% in the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company's stock valued at $903,932,000 after purchasing an additional 175,130 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Charter Communications by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company's stock worth $212,998,000 after purchasing an additional 69,959 shares during the period. First Pacific Advisors LP lifted its position in Charter Communications by 2.0% during the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company's stock valued at $183,144,000 after buying an additional 12,218 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company's stock worth $104,188,000 after acquiring an additional 348,299 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

NASDAQ CHTR traded down $3.77 on Tuesday, hitting $392.27. 619,818 shares of the stock were exchanged, compared to its average volume of 1,381,450. The company has a market capitalization of $55.78 billion, a PE ratio of 12.40, a P/E/G ratio of 0.63 and a beta of 1.03. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.39. The business's fifty day moving average is $337.67 and its 200 day moving average is $317.79. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $421.16.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.25 EPS. Research analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CHTR. Wells Fargo & Company increased their price target on Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the company a "sector perform" rating in a research note on Monday, November 4th. Barclays lifted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their target price on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Finally, Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and upped their target price for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $379.06.

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.