Schroder Investment Management Group Lowers Position in Charter Communications, Inc. $CHTR

Key Points

• Schroder Investment Management Group trimmed its position in Charter by 19.4% in Q3, selling 23,147 shares and ending the quarter with 95,986 shares worth about $26.4 million (≈0.07% of the company).
• Charter missed recent quarterly estimates, reporting EPS of $10.34 versus $10.40 expected and revenue of $13.60 billion versus $13.73 billion, with revenue down 2.3% year-over-year.
• Analysts have a consensus rating of Hold with an average price target of $335.11 (6 Buy, 10 Hold, 6 Sell), and institutional investors own roughly 81.76% of the stock.

Schroder Investment Management Group trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 19.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,986 shares of the company's stock after selling 23,147 shares during the quarter. Schroder Investment Management Group owned approximately 0.07% of Charter Communications worth $26,406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new position in shares of Charter Communications in the 2nd quarter valued at approximately $25,000. Heritage Wealth Advisors purchased a new stake in Charter Communications in the second quarter worth $29,000. Geneos Wealth Management Inc. raised its holdings in Charter Communications by 141.0% in 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. bought a new position in Charter Communications in the third quarter worth $28,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Charter Communications during the third quarter valued at $30,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CHTR shares. Wells Fargo & Company boosted their target price on shares of Charter Communications from $180.00 to $200.00 and gave the company an "underweight" rating in a report on Monday, February 2nd. The Goldman Sachs Group decreased their price target on shares of Charter Communications from $210.00 to $185.00 and set a "sell" rating for the company in a research note on Monday, February 2nd. UBS Group set a $425.00 price objective on shares of Charter Communications in a research note on Thursday, January 29th. Weiss Ratings restated a "sell (d+)" rating on shares of Charter Communications in a report on Monday, December 29th. Finally, Zacks Research raised shares of Charter Communications from a "strong sell" rating to a "hold" rating in a research note on Monday, February 16th. Six investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $335.11.

Charter Communications Stock Performance

Shares of CHTR stock opened at $215.08 on Friday. The company has a market capitalization of $27.24 billion, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 0.35 and a beta of 1.02. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. Charter Communications, Inc. has a one year low of $180.38 and a one year high of $437.06. The company's 50-day moving average is $216.47 and its 200 day moving average is $229.24.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) 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 firm had revenue of $13.60 billion during the quarter, compared to analysts' expectations of $13.73 billion. During the same period last year, the firm posted $10.10 earnings per share. The firm's quarterly revenue was down 2.3% on a year-over-year basis. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS 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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