Los Angeles Capital Management LLC Buys 4,000 Shares of Charter Communications, Inc. $CHTR

Key Points

• Los Angeles Capital Management LLC boosted its stake in Charter Communications by 11.8% in Q2, buying 4,000 shares to hold 38,041 shares worth about $15.55 million.
• Charter missed quarterly expectations (EPS $8.34 vs. $9.66 expected; revenue $13.67B vs. $13.76B expected), prompting multiple price-target cuts and a MarketBeat consensus rating of "Reduce" with an average target of $329.56.
• The stock trades near recent lows (opened at $219.86) with a market cap of $30.03B, a low liquidity profile and high leverage (debt-to-equity ~4.57), underscoring elevated risk despite institutional ownership of ~81.8%.

Los Angeles Capital Management LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 11.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,041 shares of the company's stock after buying an additional 4,000 shares during the quarter. Los Angeles Capital Management LLC's holdings in Charter Communications were worth $15,552,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Gamco Investors INC. ET AL lifted its holdings in shares of Charter Communications by 0.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company's stock worth $1,153,000 after acquiring an additional 25 shares during the last quarter. Allworth Financial LP raised its position in Charter Communications by 10.5% in the 1st quarter. Allworth Financial LP now owns 283 shares of the company's stock worth $104,000 after purchasing an additional 27 shares during the period. Hemington Wealth Management lifted its stake in Charter Communications by 24.3% in the first quarter. Hemington Wealth Management now owns 143 shares of the company's stock worth $52,000 after purchasing an additional 28 shares during the last quarter. Cooper Financial Group boosted its position in shares of Charter Communications by 2.3% during the second quarter. Cooper Financial Group now owns 1,260 shares of the company's stock valued at $515,000 after buying an additional 28 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of Charter Communications by 1.1% during the first quarter. Brown Advisory Inc. now owns 2,704 shares of the company's stock valued at $997,000 after buying an additional 29 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

Shares of CHTR opened at $219.86 on Friday. The stock has a market capitalization of $30.03 billion, a PE ratio of 6.02, a PEG ratio of 0.55 and a beta of 1.04. The company has a 50 day moving average price of $257.21 and a 200-day moving average price of $324.63. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications, Inc. has a fifty-two week low of $213.50 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing analysts' consensus estimates of $9.66 by ($1.32). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company had revenue of $13.67 billion for the quarter, compared to analysts' expectations of $13.76 billion. During the same quarter in the prior year, the company earned $8.82 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis. Equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Bank of America dropped their price objective on Charter Communications from $440.00 to $355.00 and set a "buy" rating for the company in a report on Wednesday, September 24th. UBS Group lowered their target price on shares of Charter Communications from $425.00 to $355.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Royal Bank Of Canada reduced their price target on shares of Charter Communications from $325.00 to $265.00 and set a "sector perform" rating on the stock in a research note on Monday, November 3rd. BNP Paribas Exane lowered their price objective on shares of Charter Communications from $255.00 to $200.00 and set an "underperform" rating for the company in a research report on Tuesday, November 4th. Finally, Citigroup dropped their target price on shares of Charter Communications from $325.00 to $310.00 and set a "buy" rating on the stock in a research note on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $329.56.

Insiders Place Their Bets

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the business's stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the transaction, the director directly owned 10,146 shares in the company, valued at approximately $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.83% of the stock is currently owned by insiders.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.

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