Charter Communications, Inc. $CHTR Shares Newly Purchased by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC acquired 16,577 Charter Communications shares during the third quarter, worth approximately $2.0 million. Other institutional investors also increased their positions, and institutions collectively own 81.76% of the stock.
• Charter shares traded at $105.14, near their one-year low of $101.63 and well below the one-year high of $268.47. The company recently beat quarterly earnings estimates, reporting $10.66 in EPS and $13.53 billion in revenue, though revenue declined 1.7% year over year.
• Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce”, with 22 analysts issuing Buy, Hold, or Sell ratings and a consensus price target of $202.53.

Sanders Morris Harris LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 16,577 shares of the company's stock, valued at approximately $2,007,000.

Other large investors have also recently made changes to their positions in the company. Krilogy Financial LLC raised its holdings 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 valued at $2,361,000 after acquiring an additional 15,669 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in Charter Communications by 793.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 24,364 shares of the company's stock worth $2,702,000 after purchasing an additional 21,637 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Charter Communications by 14.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 6,135 shares of the company's stock worth $680,000 after purchasing an additional 752 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Charter Communications by 10.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,745 shares of the company's stock worth $675,000 after purchasing an additional 463 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of Charter Communications by 737.5% during the 2nd quarter. Tidal Investments LLC now owns 241,503 shares of the company's stock valued at $34,344,000 after purchasing an additional 212,668 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded down $1.81 during midday trading on Wednesday, hitting $105.14. 2,269,829 shares of the stock traded hands, compared to its average volume of 2,805,119. The firm has a market capitalization of $12.54 billion, a P/E ratio of 2.73, a PEG ratio of 0.22 and a beta of 0.70. Charter Communications, Inc. has a one year low of $101.63 and a one year high of $268.47. 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 firm has a 50-day moving average of $135.73 and a two-hundred day moving average of $151.70.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping the consensus estimate 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%. Charter Communications's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.18 earnings per share. On average, equities analysts forecast that Charter Communications, Inc. will post 42.92 EPS for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Charter Communications from $200.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings lowered shares of Charter Communications from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, October 2nd. Zacks Research raised shares of Charter Communications from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Morgan Stanley cut their target price on Charter Communications from $150.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Friday, September 25th. Finally, Wells Fargo & Company reduced their price target on shares of Charter Communications from $160.00 to $101.00 and set an "underweight" rating for the company in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $202.53.

Charter Communications Profile

Charter Communications, Inc is a telecommunications and media company that provides broadband connectivity and related communications services in the United States. Its consumer-facing operations are marketed primarily under the Spectrum brand and include high-speed internet, video entertainment, mobile wireless service and voice communications.

Charter also serves businesses and public-sector organizations with internet access, data networking, telephone, video and managed communications solutions.

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