Charter Communications, Inc. $CHTR Stock: Yousif Capital Management LLC Boosts Stake

Key Points

• Yousif Capital Management increased its Charter Communications stake by 371.8% in the third quarter, acquiring 51,325 additional shares for a total holding of 65,131 shares valued at approximately $7.2 million.
• Charter shares opened at $108.61, down 2.8%, and have declined substantially from their 52-week high of $254.11. The company reported quarterly EPS of $10.66, beating estimates, while revenue fell 1.7% year over year to $13.53 billion.
• Analyst sentiment remains cautious, with five Buy, ten Hold and seven Sell ratings; the stock carries an average “Reduce” rating despite a consensus price target of $202.53.

Yousif Capital Management LLC raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 371.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,131 shares of the company's stock after buying an additional 51,325 shares during the quarter. Yousif Capital Management LLC owned about 0.05% of Charter Communications worth $7,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in Charter Communications by 28.4% during the first quarter. Bank of America Corp DE now owns 731,708 shares of the company's stock valued at $157,961,000 after acquiring an additional 161,888 shares in the last quarter. State of Michigan Retirement System increased its holdings in Charter Communications by 1,547.4% in the 1st quarter. State of Michigan Retirement System now owns 431,582 shares of the company's stock valued at $93,170,000 after acquiring an additional 405,385 shares during the last quarter. Sei Investments Co. increased its holdings in Charter Communications by 79.2% in the 1st quarter. Sei Investments Co. now owns 250,497 shares of the company's stock valued at $54,078,000 after acquiring an additional 110,684 shares during the last quarter. Swiss National Bank lifted its stake in Charter Communications by 1.5% in the 1st quarter. Swiss National Bank now owns 246,896 shares of the company's stock worth $53,300,000 after purchasing an additional 3,560 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Charter Communications by 443.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 419,881 shares of the company's stock worth $46,565,000 after purchasing an additional 342,668 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Down 2.8%

CHTR stock opened at $108.61 on Friday. The firm has a fifty day moving average price of $128.45 and a 200 day moving average price of $146.03. Charter Communications, Inc. has a fifty-two week low of $101.63 and a fifty-two week high of $254.11. 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 market cap of $12.96 billion, a PE ratio of 2.82, a price-to-earnings-growth ratio of 0.23 and a beta of 0.70.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. During the same quarter in the prior year, the firm earned $9.18 earnings per share. Charter Communications's revenue was down 1.7% on a year-over-year basis. Sell-side analysts anticipate that Charter Communications, Inc. will post 42.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on CHTR shares. Arete Research raised shares of Charter Communications to a "strong sell" rating in a report on Thursday, October 1st. Wolfe Research restated an "underperform" rating and set a $118.00 price objective on shares of Charter Communications in a research report on Monday, September 14th. Bank of America reaffirmed a "buy" rating on shares of Charter Communications in a report on Monday, July 27th. The Goldman Sachs Group decreased their target price on Charter Communications from $120.00 to $110.00 and set a "sell" rating on the stock in a research report on Friday, September 25th. Finally, Morgan Stanley decreased their target price on Charter Communications from $150.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Friday, September 25th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Charter Communications presently has an average rating of "Reduce" and a consensus target price of $202.53.

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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