This afternoon we watched Charter Communications rise 6.5% to a price of $341.54 per share. The large-cap Communication Equipment company is now trading -25.94% below its average target price of $461.14. Analysts have set target prices ranging from $273.0 to $620.0 per share for Charter Communications, and have given the stock an average rating of hold.
The stock has an above average percentage of its shares sold short at 8.7%, and a short ratio of 8.21. The company's insiders own 30.2% 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 63.4% of Charter Communications's shares being owned by this investor type.
Institutions Invested in Charter Communications
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 5% | 8,595,171 | $2,935,594,776 |
| 2022-12-31 | Dodge & Cox Inc | 5% | 8,471,513 | $2,893,360,622 |
| 2022-12-31 | Capital International Investors | 4% | 7,505,839 | $2,563,544,316 |
| 2022-12-31 | Blackrock Inc. | 4% | 7,061,203 | $2,411,683,332 |
| 2022-12-31 | State Street Corporation | 3% | 5,197,169 | $1,775,041,144 |
| 2022-12-31 | Massachusetts Financial Services Co. | 2% | 3,928,947 | $1,341,892,591 |
| 2022-12-31 | Harris Associates L.P. | 2% | 3,900,700 | $1,332,245,111 |
| 2022-12-31 | Berkshire Hathaway, Inc | 2% | 3,828,941 | $1,307,736,541 |
| 2022-12-31 | JP Morgan Chase & Company | 2% | 3,370,966 | $1,151,319,756 |
| 2022-12-31 | FMR, LLC | 2% | 3,188,601 | $1,089,034,812 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Charter Communications.
