Charter Communications, Inc. $CHTR Position Lifted by New York Life Investment Management LLC

New York Life Investment Management LLC grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 484.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 71,880 shares of the company’s stock after buying an additional 59,586 shares during the quarter. New York Life Investment Management LLC’s holdings in Charter Communications were worth $7,971,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CHTR. TD Waterhouse Canada Inc. lifted its stake in Charter Communications by 3,624.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 60,224 shares of the company’s stock valued at $6,679,000 after purchasing an additional 58,607 shares during the last quarter. Krilogy Financial LLC lifted its holdings in Charter Communications by 278.6% in the third quarter. Krilogy Financial LLC now owns 21,293 shares of the company’s stock valued at $2,361,000 after buying an additional 15,669 shares during the period. Polianta Ltd acquired a new stake in shares of Charter Communications during the 2nd quarter worth approximately $1,777,000. Quantinno Capital Management LP raised its stake in Charter Communications by 54.3% during the 1st quarter. Quantinno Capital Management LP now owns 45,828 shares of the company’s stock worth $9,893,000 after buying an additional 16,118 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Charter Communications during the 2nd quarter valued at $3,637,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Down 2.7%

Shares of NASDAQ CHTR opened at $132.66 on Friday. The business has a 50-day moving average of $119.19 and a 200-day moving average of $162.13. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 0.72 and a beta of 0.73. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 3.58. Charter Communications, Inc. has a 12 month low of $101.11 and a 12 month high of $254.11.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, November 6th. The company reported ($20.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.94 by ($29.44). The firm had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $13.50 billion. Charter Communications had a return on equity of 27.11% and a net margin of 2.50%. Charter Communications’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.34 earnings per share. Sell-side analysts expect that Charter Communications, Inc. will post 35.30 earnings per share for the current fiscal year.

Charter Communications News Summary

Investors following CHTR have been watching these news items:

• Positive Sentiment: Debt transaction: Charter’s $1.5 billion tender offer for long-dated notes was cited in coverage of a recent rally and may signal active debt management. Tender Offer for Long-Dated Notes
• Neutral Sentiment: Hold rating: Morgan Stanley maintained its Hold rating, indicating neither a fresh endorsement nor a downgrade from that firm. Morgan Stanley Maintains Hold Rating
• Negative Sentiment: Investigation risk: Kahn Swick & Foti said it is investigating Charter’s officers and directors concerning the company’s participation in the Affordable Connectivity Program, which ended in June 2024. The announcement is an investigation, not a finding of wrongdoing, but could create legal and reputational uncertainty. Investigation Announcement

Analyst Upgrades and Downgrades

CHTR has been the topic of several recent analyst reports. Bank of America restated a “buy” rating on shares of Charter Communications in a research note on Monday, July 27th. UBS Group dropped their price target on Charter Communications from $235.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Williams Trading set a $345.00 price objective on Charter Communications in a research note on Monday. The Goldman Sachs Group lowered their price target on shares of Charter Communications from $120.00 to $110.00 and set a “sell” rating on the stock in a research report on Friday, September 25th. Finally, Zacks Research downgraded shares of Charter Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $193.41.

Charter Communications Company Profile

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.