Fieldview Capital Management LLC Makes New $4.59 Million Investment in Charter Communications, Inc. $CHTR

Key Points

• Fieldview Capital bought 16,673 shares of Charter Communications (~$4.59 million) in Q3, representing roughly 0.8% of its portfolio and the firm's 25th-largest holding.
• Charter missed quarterly expectations with EPS of $10.34 versus $10.40 and revenue of $13.60B versus $13.73B (revenue down 2.3% YoY); the company has high leverage (debt-to-equity 4.65) and trades at a PE of 6.40.
• Analysts have a consensus rating of "Hold" with an average price target of $335.11, institutional investors own about 81.76% of the stock, and analyst opinions remain mixed (6 Buy / 10 Hold / 6 Sell).

Fieldview Capital Management LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,673 shares of the company's stock, valued at approximately $4,587,000. Charter Communications accounts for 0.8% of Fieldview Capital Management LLC's portfolio, making the stock its 25th largest holding.

A number of other large investors have also recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in shares of Charter Communications by 129.1% during the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company's stock valued at $4,356,000 after purchasing an additional 6,691 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Charter Communications by 16.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company's stock worth $336,000 after purchasing an additional 128 shares during the period. Jones Financial Companies Lllp raised its stake in Charter Communications by 48.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company's stock valued at $493,000 after buying an additional 435 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock valued at $35,000 after buying an additional 55 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of Charter Communications by 451.1% in the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company's stock worth $270,000 after buying an additional 600 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

CHTR stock opened at $232.24 on Monday. Charter Communications, Inc. has a one year low of $180.38 and a one year high of $437.06. The company's fifty day moving average price is $215.56 and its 200-day moving average price is $230.10. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $29.41 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.37 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing analysts' consensus estimates of $10.40 by ($0.06). The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.Charter Communications's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.10 EPS. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several recent research reports. KeyCorp reiterated a "sector weight" rating on shares of Charter Communications in a research note on Monday, January 26th. UBS Group set a $425.00 price objective on shares of Charter Communications in a research report on Thursday, January 29th. New Street Research lowered their target price on shares of Charter Communications from $479.00 to $328.00 and set a "buy" rating on the stock in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $275.00 to $235.00 and set a "hold" rating for the company in a research note on Tuesday, February 3rd. Finally, BNP Paribas Exane decreased their price target on Charter Communications from $160.00 to $150.00 and set an "underperform" rating on the stock in a report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $335.11.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.