Charter Communications, Inc. $CHTR Holdings Raised by IFP Advisors Inc

Key Points

• IFP Advisors increased its Charter Communications stake by 558.2% in the third quarter, bringing its holdings to 18,029 shares worth approximately $2 million. Institutional investors collectively own 81.76% of the company.
• Analyst sentiment remains cautious: Charter has a consensus “Reduce” rating, with 10 Hold and seven Sell ratings versus five Buys. Recent firms lowered price targets, including Goldman Sachs to $110 and Barclays to $115.
• Charter shares opened at $107.26, near their 52-week low of $101.63 and well below the $254.11 high. The company recently beat quarterly earnings expectations, reporting $10.66 in EPS and $13.53 billion in revenue, although revenue declined 1.7% year over year.

IFP Advisors Inc raised its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 558.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,029 shares of the company's stock after purchasing an additional 15,290 shares during the quarter. IFP Advisors Inc's holdings in Charter Communications were worth $1,999,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. raised its position in Charter Communications by 3,624.4% in the third quarter. TD Waterhouse Canada Inc. now owns 60,224 shares of the company's stock valued at $6,679,000 after purchasing an additional 58,607 shares during the period. Krilogy Financial LLC lifted its position in shares of Charter Communications by 278.6% during the third quarter. Krilogy Financial LLC now owns 21,293 shares of the company's stock worth $2,361,000 after purchasing an additional 15,669 shares in the last quarter. Polianta Ltd purchased a new position in shares of Charter Communications in the second quarter valued at approximately $1,777,000. California First Leasing Corp boosted its stake in shares of Charter Communications by 100.1% in the first quarter. California First Leasing Corp now owns 24,772 shares of the company's stock valued at $5,348,000 after purchasing an additional 12,390 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of Charter Communications by 54.3% in the first quarter. Quantinno Capital Management LP now owns 45,828 shares of the company's stock valued at $9,893,000 after purchasing an additional 16,118 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analysts Set New Price Targets

CHTR has been the topic of several recent research reports. Wolfe Research reaffirmed an "underperform" rating and set a $118.00 target price on shares of Charter Communications in a research note on Monday, September 14th. Morgan Stanley decreased their price target on shares of Charter Communications from $150.00 to $140.00 and set an "equal weight" rating for the company in a research report on Friday, September 25th. The Goldman Sachs Group dropped their price target on shares of Charter Communications from $120.00 to $110.00 and set a "sell" rating for the company in a research note on Friday, September 25th. Barclays cut their price objective on Charter Communications from $130.00 to $115.00 and set an "underweight" rating on the stock in a research report on Monday, July 27th. Finally, Bank of America reaffirmed a "buy" rating on shares of Charter Communications in a research report on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $202.53.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $107.26 on Thursday. Charter Communications, Inc. has a one year low of $101.63 and a one year high of $254.11. The company has a market cap of $12.79 billion, a PE ratio of 2.86, a P/E/G ratio of 0.23 and a beta of 0.70. 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 business has a 50-day simple moving average of $130.26 and a 200-day simple moving average of $147.05.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping analysts' consensus estimates of $9.98 by $0.68. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The firm had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. During the same period in the prior year, the firm earned $9.18 earnings per share. The business's quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Charter Communications, Inc. will post 42.92 EPS for the current fiscal year.

Charter Communications Company Profile

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.

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