Zurcher Kantonalbank Zurich Cantonalbank Sells 43,433 Shares of Charter Communications, Inc. $CHTR

Key Points

• Zurcher Kantonalbank cut its stake in Charter by 64.4%, selling 43,433 shares in the quarter and now holds 23,983 shares valued at about $5.01 million.
• Charter missed Q1 EPS ($9.17 vs. $10.01 expected), reported ~1% year‑over‑year revenue decline and larger‑than‑expected broadband subscriber losses, sparking a sharp selloff and renewed competitive concerns.
• The stock has a market cap of about $22.8 billion, a low P/E of 4.96, ~81.8% institutional ownership and a consensus analyst rating of "Hold" with a $334 price target, signaling mixed sentiment despite valuation metrics.

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 64.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,983 shares of the company's stock after selling 43,433 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Charter Communications were worth $5,006,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Optimize Financial Inc bought a new stake in Charter Communications during the third quarter worth $1,557,000. Wealth Enhancement Advisory Services LLC increased its position in Charter Communications by 245.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company's stock worth $4,069,000 after buying an additional 10,455 shares during the last quarter. AustralianSuper Pty Ltd purchased a new stake in Charter Communications in the third quarter worth $28,651,000. Rakuten Investment Management Inc. purchased a new stake in Charter Communications in the third quarter worth $5,260,000. Finally, CWM LLC increased its position in Charter Communications by 764.5% in the third quarter. CWM LLC now owns 23,195 shares of the company's stock worth $6,381,000 after buying an additional 20,512 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

More Charter Communications News

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Mobile growth, stronger advertising sales and ongoing buybacks provide some offsets to broadband weakness; bulls point to sustainable cash flow and a lower leverage profile. Seeking Alpha bullish note
• Positive Sentiment: Some sell‑side support remains: Benchmark lowered its target slightly but kept a Buy rating with a high upside target vs. the current share level. Benchmark target report
• Neutral Sentiment: Company released its full Q1 materials (press release, slide deck, earnings transcript) for investor review — useful for modeling but not market-moving by itself. Q1 press release / slide deck
• Neutral Sentiment: Reported short-interest data appears anomalous (zero shares reported and NaN increase), so there's no clear signal from short-position metrics at this time.
• Negative Sentiment: Q1 EPS missed consensus: $9.17 vs. ~$10.01 expected, a primary catalyst for the selloff. Zacks earnings summary
• Negative Sentiment: Broadband subscriber losses exceeded expectations as rivals ran aggressive promotions; this worsens revenue risk and renews competition concerns from fixed wireless and fiber providers. Reuters on broadband losses
• Negative Sentiment: Revenue down ~1% Y/Y to $13.6B and industry commentary highlights the result as a sector drag — contributing to the sharp intra‑day drop. WSJ revenue report
• Negative Sentiment: Kuehn Law announced an investor probe into possible officer/director breaches, which raises legal/exec‑risk overhang for shareholders. GlobeNewswire on law firm probe

Charter Communications Price Performance

Charter Communications stock opened at $180.13 on Friday. Charter Communications, Inc. has a 52 week low of $178.00 and a 52 week high of $437.06. The business has a 50-day simple moving average of $224.64 and a 200 day simple moving average of $219.43. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The stock has a market cap of $22.81 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 0.40 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). 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 $13.56 billion. During the same quarter in the previous year, the firm earned $8.42 earnings per share. Charter Communications's quarterly revenue was down 1.0% compared to the same quarter last year. On average, research analysts forecast that Charter Communications, Inc. will post 43.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the subject of several recent research reports. Sanford C. Bernstein set a $220.00 price target on Charter Communications in a research report on Wednesday, January 28th. Wells Fargo & Company lifted their price target on Charter Communications from $180.00 to $200.00 and gave the company an "underweight" rating in a research report on Monday, February 2nd. Benchmark reduced their price target on Charter Communications from $455.00 to $435.00 and set a "buy" rating for the company in a research report on Thursday. Royal Bank Of Canada reduced their price target on Charter Communications from $265.00 to $240.00 and set a "sector perform" rating for the company in a research report on Friday, January 16th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Charter Communications in a research report on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $334.00.

Charter Communications Company 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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