AE Wealth Management LLC Purchases 3,692 Shares of Charter Communications, Inc. $CHTR

AE Wealth Management LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 73.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,752 shares of the company’s stock after purchasing an additional 3,692 shares during the period. AE Wealth Management LLC’s holdings in Charter Communications were worth $2,408,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its holdings in Charter Communications by 3.8% during the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after buying an additional 38 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Charter Communications by 20.7% during the second quarter. Parkside Financial Bank & Trust now owns 227 shares of the company’s stock worth $93,000 after buying an additional 39 shares during the period. Occudo Quantitative Strategies LP boosted its position in Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after acquiring an additional 41 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after acquiring an additional 41 shares during the period. Finally, Rosenberg Matthew Hamilton raised its position in shares of Charter Communications by 15.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 318 shares of the company’s stock worth $130,000 after acquiring an additional 42 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $206.12 on Monday. The company has a 50 day moving average price of $202.06 and a 200 day moving average price of $241.84. The firm has a market capitalization of $26.67 billion, a P/E ratio of 5.68, a PEG ratio of 0.57 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) 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 company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the previous year, the company posted $10.10 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Transactions at Charter Communications

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CHTR shares. UBS Group set a $425.00 price objective on Charter Communications in a research report on Thursday. Barclays decreased their price target on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday, November 3rd. Sanford C. Bernstein set a $220.00 price objective on shares of Charter Communications in a research report on Wednesday. The Goldman Sachs Group decreased their target price on shares of Charter Communications from $215.00 to $210.00 and set a “sell” rating for the company in a research report on Thursday, December 18th. Finally, Royal Bank Of Canada lowered their target price on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $323.67.

Key Stories Impacting Charter Communications

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

• Positive Sentiment: Charter reported a rare quarterly gain in pay-TV/video subscribers (added ~44,000) and shed fewer broadband customers than feared, which investors viewed as a sign of stabilizing customer trends. Read More.
• Positive Sentiment: Company results showed resilient EBITDA and free cash flow supported by mobile/Internet growth and cost controls; management flagged capex reductions that could free up roughly ~$2B of incremental FCF by 2027. These operational positives are a primary reason some bullish analysts call the shares undervalued. Read More.
• Neutral Sentiment: The full Q4 earnings release, slide deck and conference-call transcript are available for review — useful for digging into subscriber detail, margins and capex guidance. Read More.
• Neutral Sentiment: Charter added Wade Davis to its board; typically a governance/experience item with limited near-term stock impact but worth noting for institutional investors. Read More.
• Negative Sentiment: Charter missed consensus EPS ($10.34 vs $10.40) and revenue ($13.60B vs $13.73B); revenue fell ~2.3% year?over?year, partly due to a drop in political advertising — a revenue headwind. Read More.
• Negative Sentiment: Analyst sentiment is mixed-to-cautious: some shops have lowered recommendations or kept conservative ratings citing intensifying broadband competition and persistent revenue pressure. That keeps downside risk if subscriber trends reverse. Read More. and Read More.

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.