Charter Communications, Inc. $CHTR Stock Bought by Krilogy Financial LLC

Key Points

• Krilogy Financial increased its Charter Communications position by 278.6% in the third quarter, owning 21,293 shares valued at approximately $2.36 million. Institutional investors and hedge funds collectively own 81.76% of the company.
• Analyst sentiment remains cautious, with five Buy, ten Hold, and seven Sell ratings; the consensus rating is “Reduce,” with an average price target of $202.53.
• Charter shares opened at $105.14, near their 52-week low, while the company’s latest quarterly results exceeded expectations with $10.66 in earnings per share and $13.53 billion in revenue despite a 1.7% year-over-year revenue decline.

Krilogy Financial LLC raised its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 278.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,293 shares of the company's stock after buying an additional 15,669 shares during the period. Krilogy Financial LLC's holdings in Charter Communications were worth $2,361,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CHTR. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Charter Communications during the 1st quarter valued at about $25,000. Trust Co. of Vermont purchased a new position in shares of Charter Communications in the 2nd quarter valued at about $28,000. MCF Advisors LLC increased its stake in shares of Charter Communications by 106.5% in the 2nd quarter. MCF Advisors LLC now owns 223 shares of the company's stock valued at $32,000 after purchasing an additional 115 shares in the last quarter. Raiffeisen Bank International AG raised its holdings in Charter Communications by 259.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 223 shares of the company's stock worth $33,000 after purchasing an additional 161 shares during the period. Finally, Weitz Investment Management Inc. acquired a new position in Charter Communications in the 2nd quarter worth about $92,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent analyst reports. UBS Group lowered their price target on Charter Communications from $235.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, July 27th. Benchmark reissued a "buy" rating on shares of Charter Communications in a report on Wednesday, July 22nd. Zacks Research upgraded Charter Communications from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. 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. Finally, The Goldman Sachs Group reduced their target price on Charter Communications from $120.00 to $110.00 and set a "sell" rating for the company 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and an average target price of $202.53.

Charter Communications Trading Down 1.7%

Shares of CHTR opened at $105.14 on Thursday. Charter Communications, Inc. has a 52-week low of $101.63 and a 52-week high of $268.47. The stock has a market cap of $12.54 billion, a PE ratio of 2.78, a price-to-earnings-growth ratio of 0.22 and a beta of 0.70. The firm's fifty day moving average is $134.77 and its two-hundred day moving average is $150.90. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, beating analysts' consensus estimates of $9.98 by $0.68. The business had revenue of $13.53 billion during the quarter, compared to analysts' expectations of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $9.18 earnings per share. Research analysts forecast 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 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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