First Trust Advisors LP Has $21.69 Million Stock Holdings in Charter Communications, Inc. $CHTR

First Trust Advisors LP lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 17.9% during the 1st quarter, Holdings Channel reports. The firm owned 100,487 shares of the company’s stock after purchasing an additional 15,261 shares during the quarter. First Trust Advisors LP’s holdings in Charter Communications were worth $21,693,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CHTR. Cassaday & Co Wealth Management LLC bought a new stake in Charter Communications in the first quarter worth approximately $25,000. Quarry LP boosted its holdings in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Charter Communications during the 4th quarter worth approximately $25,000. DV Equities LLC bought a new stake in shares of Charter Communications in the 4th quarter valued at $25,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Activity at Charter Communications

In related news, Director Mauricio Ramos purchased 9,929 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the transaction, the director owned 19,309 shares of the company’s stock, valued at $2,721,217.37. This represents a 105.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Rutledge sold 18,200 shares of Charter Communications stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the transaction, the director directly owned 3,968 shares in the company, valued at $583,057.92. This represents a 82.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $145.20 on Thursday. The firm has a market capitalization of $17.86 billion, a PE ratio of 3.77, a price-to-earnings-growth ratio of 0.22 and a beta of 0.71. The firm has a fifty day simple moving average of $135.79 and a two-hundred day simple moving average of $182.35. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 4.32. Charter Communications, Inc. has a 12 month low of $111.55 and a 12 month high of $285.96.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, beating analysts’ consensus estimates of $9.98 by $0.68. The firm had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $9.18 earnings per share. Analysts forecast that Charter Communications, Inc. will post 42.65 EPS for the current fiscal year.

Charter Communications News Roundup

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Citi maintained its Buy rating and set a $180 price target, implying meaningful potential upside from recent trading levels despite reducing its previous target. Citi Sticks to Their Buy Rating for Charter Communications
• Positive Sentiment: Charter recently exceeded quarterly EPS expectations, reporting $10.66 versus a $9.98 consensus estimate. Revenue was roughly in line with forecasts, which may be helping support the shares.
• Neutral Sentiment: JPMorgan lowered its price target from $200 to $150 and changed its rating to Neutral. The revised target still represents modest upside, but the downgrade signals limited near-term conviction. JPMorgan Lowers Charter Communications Price Target
• Neutral Sentiment: RBC Capital Markets assigned Charter a Hold rating, adding to the cautious analyst tone. RBC Capital Gives Charter Communications a Hold Rating
• Negative Sentiment: Wells Fargo lowered its expectations for Charter, while TD Cowen also reduced its price target to $380. These revisions reinforce concerns about the company’s outlook, even though TD Cowen’s target remains well above the current share price. Wells Fargo Lowers Expectations for Charter Communications TD Cowen Lowers Charter Communications Price Target
• Negative Sentiment: Analyst commentary is also highlighting a potential broadband test, including pressure from subscriber trends and competition. Charter’s high leverage and year-over-year revenue decline add to the investment risks. Charter Communications Faces a Broadband Test

Analysts Set New Price Targets

CHTR has been the topic of a number of research reports. New Street Research cut their target price on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Bank of America reaffirmed a “buy” rating on shares of Charter Communications in a research note on Monday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a report on Wednesday, June 24th. Zacks Research cut shares of Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Finally, BNP Paribas Exane decreased their target price on Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of “Reduce” and an average price target of $226.88.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.