Quinn Opportunity Partners LLC Makes New $6.33 Million Investment in Charter Communications, Inc. $CHTR

Key Points

• Quinn Opportunity Partners LLC bought a new stake in Charter Communications during Q3, acquiring 23,000 shares valued at about $6.33 million.
• Charter's latest quarter showed an EPS of $10.34 (missing estimates by $0.06) and revenue of $13.60 billion (down 2.3% year-over-year); the company has a high debt-to-equity ratio (4.65) and a low P/E of 6.01.
• Analysts are mixed but cautious: the consensus rating is "Hold" with a consensus target price of $335.11 (6 Buys, 10 Holds, 6 Sells).

Quinn Opportunity Partners LLC purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 23,000 shares of the company's stock, valued at approximately $6,327,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heritage Wealth Advisors acquired a new stake in Charter Communications in the second quarter valued at approximately $29,000. Geneos Wealth Management Inc. increased its position in shares of Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Webster Bank N. A. acquired a new position in shares of Charter Communications during the third quarter worth $28,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Charter Communications during the 3rd quarter valued at $30,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Charter Communications by 535.0% during the 2nd quarter. Rakuten Securities Inc. now owns 127 shares of the company's stock valued at $52,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of CHTR opened at $218.19 on Friday. 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 stock has a 50-day moving average of $216.65 and a two-hundred day moving average of $228.85. The stock has a market cap of $27.63 billion, a P/E ratio of 6.01, a P/E/G ratio of 0.34 and a beta of 1.02. Charter Communications, Inc. has a one year low of $180.38 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $13.73 billion. During the same period in the prior year, the company posted $10.10 earnings per share. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

CHTR has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on Charter Communications from $180.00 to $200.00 and gave the stock an "underweight" rating in a research note on Monday, February 2nd. BNP Paribas Exane decreased their price target on Charter Communications from $160.00 to $150.00 and set an "underperform" rating for the company in a research note on Tuesday, February 24th. The Goldman Sachs Group lowered their price target on Charter Communications from $210.00 to $185.00 and set a "sell" rating for the company in a report on Monday, February 2nd. New Street Research dropped their price target on Charter Communications from $479.00 to $328.00 and set a "buy" rating on the stock in a research note on Thursday, February 5th. Finally, Williams Trading set a $437.00 price objective on shares of Charter Communications in a research report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $335.11.

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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