Dodge & Cox has recently announced that it has increased stake in Charter Communications Inc. (NASDAQ:CHTR) by 2.50%. After grabbing 8.68 million shares, the institutional investor is now in possession of 0.21 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 5.69% having worth around $3.2 billion. Moreover, SSgA Funds Management, Inc. increased its share by 12996.0 to have a control over 5.21 million shares. And Harris Associates LP raised its holdings to 0.41 million shares by acquiring 4.31 million shares or 2.82% of the stake.
Charter Communications Inc. (CHTR) concluded trading on 05/24/23 at a closing price of $331.24, with 1.0 million shares of worth about $332.29 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.23% during that period and on Wednesday the price saw a loss of about -1.55%. Currently the company’s common shares owned by public are about 151.44M shares, out of which, 99.13M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 37 times over the past 12 months. They bought 116,942 shares in 16 of the transactions. In 21 selling transactions, insiders dumped 3,860,406 shares.
Dodge & Cox Stock Fund, American Balanced Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Charter Communications Inc. Dodge & Cox Stock Fund is currently holding 5.3 million shares of worth totaling $1.95 billion. The company recently came buying 0.21 million shares which brought its stake up to 3.47% of the company’s outstanding shares. American Balanced Fund sold 28500.0 shares, after which its hold over company’s outstanding shares shrunk to 2.07%, leaving 3.16 million shares with the mutual fund that have a worth of about $1.16 billion. Vanguard Total Stock Market ETF, after buying 2.84 million shares, have now control over 1.86% of the stake in the company. It holds 9687.0 shares of worth $1.05 billion.
Charter Communications Inc. (NASDAQ: CHTR) started trading at $335.88, below -$0.56 from concluding price of the previous day. However, the stock later moved at a day high price of 335.88, or with a loss of -1.55%. Stock saw a price change of -2.16% in past 5 days and over the past one month there was a price change of 2.25%. Year-to-date (YTD), CHTR shares are showing a performance of -2.32% which decreased to -30.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $297.66 but also hit the highest price of $515.66 during that period. The average intraday trading volume for Charter Communications Inc. shares is 1.05 million. The stock is currently trading -4.00% below its 20-day simple moving average (SMA20), while that difference is down -4.06% for SMA50 and it goes to -9.78% lower than SMA200.
Dodge & Cox acquired 8.68 million shares of Charter Communications Inc. having value of about $3.2 billion. Data submitted at the U.S SEC by Dodge & Cox revealed that the firm now holds 0.21 million shares in the company valued at close to $70138082.56, or have control over 2.50% stake in the company. Charter Communications Inc. (NASDAQ: CHTR) currently have 151.44M outstanding shares and institutions hold larger chunk of about 67.80% of that. Holding of mutual funds in the company is about 33.28% while other institutional holders and individual stake holders have control over 38.81% and 30.57% of the stake respectively.
The stock has a current market capitalization of $50.35B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 10.86, while it has posted earnings per share of $30.51 in the same period. Its PEG reads 0.64 and has Quick Ratio of 0.30 while making debt-to-equity ratio of 10.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHTR, volatility over the week remained 2.05% while standing at 2.79% over the month.
Analysts are in expectations that Charter Communications Inc. (CHTR) stock would likely to be making an EPS of $8.01 in the current quarter, while forecast for next quarter EPS is $8.37 and it is $39.18 for next year. For the current quarter EPS, analysts have given the company a lowest target $6.64 which is $9.36 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $8.8 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 25.60% while it is estimated to increase by 19.71% in next year. EPS is likely to shrink at an annualized rate of 16.84% for next 5-years, compared to annual growth of 62.10% made by the stock over the past 5-years.
Analysts at 26 brokerage firms have issued recommendations for the Charter Communications Inc. (CHTR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 26 Wall Street analysts, 10 recommended a “Buy” rating, while 14 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
