Charter Communications, Inc. $CHTR Stock Position Lifted by Candriam S.C.A.

Candriam S.C.A. increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 571.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 32,889 shares of the company’s stock after purchasing an additional 27,994 shares during the period. Candriam S.C.A.’s holdings in Charter Communications were worth $3,647,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Gabelli Funds LLC boosted its position in Charter Communications by 0.3% in the 1st quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $6,476,000 after buying an additional 100 shares during the period. NewEdge Advisors LLC grew its stake in shares of Charter Communications by 6.3% in the first quarter. NewEdge Advisors LLC now owns 1,762 shares of the company’s stock worth $380,000 after acquiring an additional 104 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Charter Communications by 11.8% in the first quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the company’s stock worth $229,000 after acquiring an additional 112 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Charter Communications by 2.1% in the first quarter. Glenmede Trust Co. NA now owns 5,480 shares of the company’s stock worth $1,183,000 after acquiring an additional 113 shares in the last quarter. Finally, MCF Advisors LLC increased its position in shares of Charter Communications by 106.5% during the second quarter. MCF Advisors LLC now owns 223 shares of the company’s stock worth $32,000 after acquiring an additional 115 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Up 10.6%

Shares of Charter Communications stock opened at $134.06 on Wednesday. Charter Communications, Inc. has a 52-week low of $101.11 and a 52-week high of $254.11. The company has a 50 day moving average of $119.92 and a 200 day moving average of $162.71. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 3.58. The company has a market capitalization of $15.99 billion, a P/E ratio of 2.34, a P/E/G ratio of 0.28 and a beta of 0.73.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 6th. The company reported ($20.50) EPS for the quarter, missing analysts’ consensus estimates of $8.94 by ($29.44). Charter Communications had a net margin of 2.50% and a return on equity of 27.11%. The firm had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same period in the prior year, the company posted $8.34 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, research analysts forecast that Charter Communications, Inc. will post 38.72 EPS for the current fiscal year.

Charter Communications News Roundup

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

• Positive Sentiment: Charter’s subsidiaries launched cash tender offers for up to $1.5 billion of notes across eight series. The move may be viewed as active debt management, though the offer’s terms and funding also matter to investors. Charter Announces Tender Offers for Eight Series of Notes
• Positive Sentiment: Citigroup raised its price target to $150 from $140 and maintained a Buy rating, signaling potential upside in the firm’s view. Citigroup stock recommendations
• Neutral Sentiment: Bernstein reiterated its Hold rating, indicating no change in its cautious, wait-and-see stance. Bernstein reaffirms Hold rating
• Negative Sentiment: An earnings-call analysis characterized Charter’s growth reset as costly, raising concerns about the investment needed to address slowing growth. Earnings call signals costly growth reset
• Negative Sentiment: Wells Fargo retained an Underweight rating despite a modest target increase, setting its target at $103. That cautious view contrasts with Citigroup’s upgrade. Wells Fargo stock recommendations

Analyst Ratings Changes

Several brokerages have recently issued reports on CHTR. Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 price objective on shares of Charter Communications in a research note on Monday, July 27th. Royal Bank Of Canada decreased their target price on Charter Communications from $160.00 to $150.00 and set a “sector perform” rating for the company in a report on Monday, July 27th. Barclays lowered their target price on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. TD Cowen cut their price target on Charter Communications from $372.00 to $345.00 and set a “buy” rating on the stock in a report on Monday. Finally, Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $118.00 price target on the stock. in a research report on Monday, September 14th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, Charter Communications presently has an average rating of “Reduce” and a consensus price target of $193.41.

About Charter Communications

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.