Shares of Charter Communications (CHTR) Are Plummeting - Will This Trend Continue?

Charter Communications stock is trading -34.26% below its average target price of $521.64 after dropping -12.7% during today's morning session. Analysts are giving the large-cap Telecom Services company an average rating of hold and target prices ranging from $273 to $800 per share.

The stock has an average amount of shares sold short at 8.2%, and a short ratio of 4.98. The company's insiders own 35.18% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 68.1% of Charter Communications's shares being owned by this investor type.

Institutions Invested in Charter Communications

Holder Shares Date Reported Percentage Value
Capital International Investors 8,473,809 2022-06-29 5.27% $3,970,233,730.00
Blackrock Inc. 8,115,255 2022-06-29 5.05% $3,802,240,425.00
Vanguard Group, Inc. (The) 7,721,136 2022-06-29 4.81% $3,617,583,850.00
Dodge & Cox Inc 6,766,702 2022-06-29 4.21% $3,170,402,888.00
State Street Corporation 5,303,896 2022-06-29 3.30% $2,485,034,392.00
Massachusetts Financial Services Co. 5,203,578 2022-06-29 3.24% $2,438,032,400.00
Harris Associates L.P. 4,165,307 2022-06-29 2.59% $1,951,571,288.00
Berkshire Hathaway, Inc 3,828,941 2022-06-29 2.38% $1,793,973,726.00
JP Morgan Chase & Company 2,678,154 2022-06-29 1.67% $1,254,795,493.00
Veritas Asset Management LLP 2,573,583 2022-06-29 1.60% $1,205,800,842.00

Top Mutual Funds Invested in Charter Communications

Holder Shares Date Reported Percentage Value
Dodge & Cox Stock Fund 4,002,486 2022-09-29 2.49% $1,214,154,128.00
American Balanced Fund 3,207,222 2022-09-29 2.00% $972,910,793.00
Vanguard 500 Index Fund 2,563,941 2022-06-29 1.60% $1,201,283,276.00
Vanguard Total Stock Market Index Fund 2,365,956 2022-06-29 1.47% $1,108,521,364.00
Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF 2,358,958 2022-09-29 1.47% $715,589,909.00
Growth Fund Of America Inc 2,210,020 2022-09-29 1.38% $670,409,567.00
MFS Series Trust I-MFS Value Fund 1,722,021 2022-08-30 1.07% $710,557,525.00
Fundamental Investors Inc 1,342,725 2022-09-29 0.84% $407,315,628.00
Fidelity 500 Index Fund 1,242,243 2022-08-30 0.77% $512,586,729.00
SPDR S&P 500 ETF Trust 1,215,946 2022-09-29 0.76% $368,857,219.00

Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Charter Communications.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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