Charter Communications, Inc. $CHTR Position Lifted by Sterling Capital Management LLC

Sterling Capital Management LLC increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3,053.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 75,144 shares of the company’s stock after purchasing an additional 72,761 shares during the period. Sterling Capital Management LLC’s holdings in Charter Communications were worth $8,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gabelli Funds LLC boosted its holdings in Charter Communications by 0.3% in the first quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $6,476,000 after purchasing an additional 100 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Charter Communications by 3.9% in the 1st quarter. V Square Quantitative Management LLC now owns 2,768 shares of the company’s stock valued at $598,000 after purchasing an additional 104 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Charter Communications by 6.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,762 shares of the company’s stock valued at $380,000 after buying an additional 104 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Charter Communications by 11.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the company’s stock valued at $229,000 after buying an additional 112 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its position in shares of Charter Communications by 2.1% during the first quarter. Glenmede Trust Co. NA now owns 5,480 shares of the company’s stock worth $1,183,000 after buying an additional 113 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CHTR. JPMorgan Chase & Co. reduced their price objective on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Bank of America restated a “buy” rating on shares of Charter Communications in a research note on Monday, July 27th. Wolfe Research reaffirmed an “underperform” rating and set a $118.00 price target on shares of Charter Communications in a research report on Monday, September 14th. Citigroup lowered their price objective on Charter Communications from $190.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group cut their price objective on Charter Communications from $120.00 to $110.00 and set a “sell” rating on the stock in a research note on Friday, September 25th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, Charter Communications currently has an average rating of “Reduce” and an average target price of $202.53.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded down $3.16 during trading hours on Friday, hitting $108.61. The stock had a trading volume of 1,996,196 shares, compared to its average volume of 2,985,923. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The stock’s fifty day simple moving average is $128.45 and its 200 day simple moving average is $146.03. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 2.82, a PEG ratio of 0.24 and a beta of 0.70. Charter Communications, Inc. has a 1-year low of $101.63 and a 1-year high of $254.11.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The company had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.18 EPS. Sell-side analysts anticipate that Charter Communications, Inc. will post 42.92 earnings per share for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.