Maverick Capital Ltd. Cuts Stock Position in Charter Communications, Inc. $CHTR

Maverick Capital Ltd. cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 87.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,893 shares of the company’s stock after selling 20,839 shares during the period. Maverick Capital Ltd.’s holdings in Charter Communications were worth $625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Charter Communications during the first quarter worth about $25,000. Quarry LP raised its position 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 purchasing an additional 72 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in Charter Communications in the 4th quarter valued at about $25,000. Finally, DV Equities LLC purchased a new position in Charter Communications in the 4th quarter valued at about $25,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 owned 3,968 shares in the company, valued at $583,057.92. The trade was a 82.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mauricio Ramos acquired 9,929 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the acquisition, the director directly owned 19,309 shares of the company’s stock, valued at $2,721,217.37. This trade represents a 105.85% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by company insiders.

Charter Communications Price Performance

NASDAQ:CHTR opened at $139.97 on Wednesday. Charter Communications, Inc. has a one year low of $111.55 and a one year high of $298.21. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.40 and a current ratio of 0.36. The stock has a market cap of $17.21 billion, a PE ratio of 3.63, a P/E/G ratio of 0.24 and a beta of 0.71. The stock has a 50 day moving average price of $135.78 and a 200 day moving average price of $182.80.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The firm had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $9.18 earnings per share. Equities research analysts expect that Charter Communications, Inc. will post 41.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on CHTR. Wells Fargo & Company cut their price objective on Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a research note on Monday. BNP Paribas Exane decreased their target price on Charter Communications from $150.00 to $120.00 and set an “underperform” rating on the stock in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. JPMorgan Chase & Co. dropped their price target on Charter Communications from $215.00 to $200.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price objective on shares of Charter Communications in a research note on Monday. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $230.00.

Charter Communications News Roundup

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

• Positive Sentiment: Citigroup lowered its price target to $180 from $190 but maintained a Buy rating, implying substantial potential upside from recent trading levels. Benzinga analyst price target update
• Positive Sentiment: Brokerages’ consensus target price is reported at $249.12, indicating analysts collectively see considerable longer-term appreciation potential. Charter consensus price target
• Positive Sentiment: TD Cowen cut its target to $380 from $413 but retained a Buy rating. The call reflects a lower valuation outlook while still highlighting significant potential upside. TD Cowen price target update
• Positive Sentiment: Charter’s proposed nearly $20 billion debt exchange and new bond plan could extend maturities and reduce refinancing pressure, although the company remains highly leveraged. Charter debt exchange and bond plan
• Positive Sentiment: A bullish investment case points to a stressed valuation, strong free-cash-flow generation, mobile subscriber growth, network modernization and aggressive share repurchases. Charter Communications investment thesis
• Neutral Sentiment: RBC reduced its target to $150 from $160 and kept a Sector Perform rating, suggesting limited near-term conviction despite modest potential upside. RBC price target update
• Neutral Sentiment: Recent quarterly results exceeded EPS expectations, but revenue declined year over year, underscoring the contrast between strong cash generation and operational pressure.
• Negative Sentiment: Wells Fargo lowered its target to $101 from $160 and assigned an Underweight rating, citing downside risk. Wells Fargo price target update
• Negative Sentiment: Barclays cut its target to $115 from $130 and maintained an Underweight rating. Barclays price target update
• Negative Sentiment: Investor concerns include broadband customer attrition and intensifying fiber competition. Unusually high put-option activity also signals increased bearish hedging or speculation.

Charter Communications Company 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.