Charter Communications shares rose 13.5% this morning to a price of $371.84. The stock is still trading within range of its average target price of $365.22, and over the last 52 weeks, it has recorded a -22.0% performance. Analysts have given the Large-Cap Cable Television stock target prices ranging from $230.0 to $660.0 dollars per share, with an average rating of hold.
Charter Communications has an elevated short interest of 13.0%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 9.54. The company's insiders own 37.26% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. 77.1% of Charter Communications shares are held by institutional investors, which indicates a high level of confidence in the stock.
Institutions Invested in Charter Communications
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Dodge & Cox Inc | 8% | 11,681,107 | $4,343,502,784 |
| 2024-06-30 | Capital International Investors | 7% | 9,849,111 | $3,662,293,398 |
| 2024-06-30 | Vanguard Group Inc | 6% | 8,078,973 | $3,004,085,290 |
| 2024-06-30 | Blackrock Inc. | 5% | 6,640,370 | $2,469,155,156 |
| 2024-06-30 | State Street Corporation | 4% | 6,404,533 | $2,381,461,527 |
| 2024-06-30 | Harris Associates L.P. | 4% | 6,310,987 | $2,346,677,382 |
| 2024-06-30 | Berkshire Hathaway, Inc | 3% | 3,828,941 | $1,423,753,407 |
| 2024-06-30 | Pzena Investment Management Llc | 2% | 3,023,589 | $1,124,291,322 |
| 2024-06-30 | Franklin Resources, Inc. | 2% | 3,031,451 | $1,127,214,728 |
| 2024-06-30 | Parnassus Investments, LLC | 2% | 2,642,152 | $982,457,790 |
For these reasons, we consider that the Charter Communications is the subject of mixed market sentiment.
