First Trust Advisors LP Buys 35,665 Shares of Charter Communications, Inc. $CHTR

Key Points

• First Trust Advisors LP increased its stake in Charter by 27.4%, adding 35,665 shares to hold 166,019 shares (about 0.13% of the company) valued at roughly $45.67 million at quarter-end.
• Analysts are mixed: the stock has a consensus "Hold" rating with an average price target of $335.11, based on 6 Buys, 10 Holds and 6 Sells.
• Charter missed quarterly EPS ($10.34 vs. $10.40 est.) with revenue down 2.3% YoY; the shares trade near $224.36, with a PE of 6.18 and a debt-to-equity ratio of 4.65.

First Trust Advisors LP lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 27.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 166,019 shares of the company's stock after acquiring an additional 35,665 shares during the quarter. First Trust Advisors LP owned approximately 0.13% of Charter Communications worth $45,673,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CHTR. Advisory Services Network LLC increased its holdings in Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company's stock worth $420,000 after purchasing an additional 38 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Charter Communications by 20.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 227 shares of the company's stock worth $93,000 after buying an additional 39 shares during the period. Orion Porfolio Solutions LLC grew its position in shares of Charter Communications by 1.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company's stock worth $988,000 after buying an additional 41 shares in the last quarter. Occudo Quantitative Strategies LP grew its position in shares of Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company's stock worth $1,255,000 after buying an additional 41 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of Charter Communications by 11.8% during the second quarter. Penserra Capital Management LLC now owns 521 shares of the company's stock valued at $212,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHTR. TD Cowen upped their price objective on shares of Charter Communications from $428.00 to $437.00 and gave the stock a "buy" rating in a research note on Monday, February 2nd. New Street Research cut 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 report on Thursday, February 5th. UBS Group set a $425.00 price target on shares of Charter Communications in a report on Thursday, January 29th. Wells Fargo & Company increased their price objective on shares of Charter Communications from $180.00 to $200.00 and gave the company an "underweight" rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Charter Communications in a report on Monday, December 29th. 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, the stock presently has a consensus rating of "Hold" and an average price target of $335.11.

Charter Communications Stock Performance

Shares of CHTR opened at $224.36 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. The firm has a market cap of $28.41 billion, a PE ratio of 6.18, a P/E/G ratio of 0.35 and a beta of 1.02. Charter Communications, Inc. has a 12 month low of $180.38 and a 12 month high of $437.06. The stock has a fifty day moving average price of $216.34 and a 200-day moving average price of $229.34.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The business had revenue of $13.60 billion for the quarter, compared to analysts' expectations of $13.73 billion. During the same quarter last year, the firm earned $10.10 earnings per share. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. Equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

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.

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