Quantbot Technologies LP Sells 23,165 Shares of Charter Communications, Inc. $CHTR

Key Points

• Quantbot Technologies cut its stake in Charter by 80%, selling 23,165 shares in the quarter and leaving 5,799 shares valued at about $1.595 million.
• Institutional ownership is high at 81.76%, with large moves including Norges Bank opening a roughly $1.145 billion position and Vanguard increasing its stake to 9.36 million shares (≈$2.576 billion).
• Charter slightly missed the quarter (EPS $10.34 vs. $10.40 estimate) and saw revenue down 2.3% year‑over‑year; analysts hold a consensus "Hold" rating with an average target price of $335.11 while the stock trades near $232 (market cap ~$29.4B, P/E 6.39).

Quantbot Technologies LP lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 80.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,799 shares of the company's stock after selling 23,165 shares during the quarter. Quantbot Technologies LP's holdings in Charter Communications were worth $1,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHTR. Norges Bank bought a new position in shares of Charter Communications in the second quarter worth about $1,145,387,000. Vanguard Group Inc. boosted its position in Charter Communications by 13.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company's stock valued at $2,575,630,000 after buying an additional 1,130,648 shares during the period. Lind Value II ApS bought a new position in Charter Communications in the 3rd quarter worth about $60,646,000. Arrowstreet Capital Limited Partnership grew its stake in Charter Communications by 15.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company's stock worth $644,210,000 after acquiring an additional 209,869 shares in the last quarter. Finally, State Street Corp increased its position in shares of Charter Communications by 3.2% during the second quarter. State Street Corp now owns 6,486,312 shares of the company's stock worth $2,651,669,000 after acquiring an additional 198,979 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

CHTR opened at $232.00 on Thursday. The firm has a market capitalization of $29.38 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 0.36 and a beta of 1.02. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. The business's 50-day moving average is $214.62 and its two-hundred day moving average is $230.86. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly 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). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the prior year, the business posted $10.10 earnings per share. The firm's quarterly revenue was down 2.3% on a year-over-year basis. Research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CHTR shares. Williams Trading set a $437.00 price target on Charter Communications in a report on Monday, February 2nd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Charter Communications in a report on Monday, December 29th. Zacks Research raised Charter Communications from a "strong sell" rating to a "hold" rating in a research report on Monday, February 16th. The Goldman Sachs Group decreased their price objective on Charter Communications from $210.00 to $185.00 and set a "sell" rating for the company in a report on Monday, February 2nd. Finally, Wells Fargo & Company increased their target price on shares of Charter Communications from $180.00 to $200.00 and gave the stock an "underweight" rating in a report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Charter Communications currently has a consensus rating of "Hold" and an average target price of $335.11.

Charter Communications 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.

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