Charter Communications, Inc. $CHTR Stock Position Lessened by Veritas Asset Management LLP

Veritas Asset Management LLP trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,544,527 shares of the company’s stock after selling 45,895 shares during the quarter. Charter Communications accounts for about 4.5% of Veritas Asset Management LLP’s holdings, making the stock its 10th largest position. Veritas Asset Management LLP’s holdings in Charter Communications were worth $424,907,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CHTR. AQR Capital Management LLC lifted its holdings in shares of Charter Communications by 129.1% in the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after buying an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Charter Communications by 16.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after acquiring an additional 128 shares during the period. Jones Financial Companies Lllp lifted its stake in Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after purchasing an additional 435 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Charter Communications by 451.1% during the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock valued at $270,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Insiders Place Their Bets

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the transaction, the director directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is currently owned by company insiders.

Charter Communications Stock Up 7.6%

Shares of NASDAQ:CHTR opened at $206.12 on Monday. The stock has a market capitalization of $26.67 billion, a P/E ratio of 5.68, a price-to-earnings-growth ratio of 0.57 and a beta of 1.05. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06. The stock’s 50-day moving average price is $202.06 and its 200-day moving average price is $241.84. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share 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 business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter last year, the business posted $10.10 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications News Roundup

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.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of recent analyst reports. Barclays lowered their price objective on Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, November 3rd. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $180.00 price target (down previously from $240.00) on shares of Charter Communications in a report on Tuesday, January 13th. UBS Group set a $425.00 price objective on Charter Communications in a report on Thursday. Royal Bank Of Canada decreased their price objective on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Finally, BNP Paribas Exane set a $160.00 target price on shares of Charter Communications in a research report on Tuesday, January 27th. Four 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. Based on data from MarketBeat.com, Charter Communications has a consensus rating of “Reduce” and a consensus price target of $323.67.

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.