AXQ Capital LP Invests $1.05 Million in Charter Communications, Inc. $CHTR

AXQ Capital LP acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,820 shares of the company’s stock, valued at approximately $1,051,000.

Several other large investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Charter Communications by 49.1% in the third quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock valued at $351,000 after buying an additional 420 shares during the period. Legacy Financial Advisors Inc. lifted its stake in shares of Charter Communications by 4.3% in the third quarter. Legacy Financial Advisors Inc. now owns 2,019 shares of the company’s stock worth $555,000 after acquiring an additional 83 shares during the period. Clearstead Advisors LLC boosted its holdings in Charter Communications by 26.2% in the third quarter. Clearstead Advisors LLC now owns 3,016 shares of the company’s stock valued at $830,000 after acquiring an additional 627 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its position in Charter Communications by 13.1% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 3,606 shares of the company’s stock valued at $992,000 after purchasing an additional 419 shares during the period. Finally, Jupiter Asset Management Ltd. raised its holdings in Charter Communications by 1,813.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 165,160 shares of the company’s stock worth $45,436,000 after purchasing an additional 156,530 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Down 1.1%

Shares of Charter Communications stock opened at $227.52 on Tuesday. The stock has a market capitalization of $28.81 billion, a PE ratio of 6.27, a price-to-earnings-growth ratio of 0.36 and a beta of 1.05. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06. The stock has a 50 day moving average price of $211.36 and a two-hundred day moving average price of $232.23. 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 (NASDAQ:CHTR) last issued its 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). The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.Charter Communications’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.10 earnings per share. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CHTR. Barclays reduced their price objective on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. The Goldman Sachs Group cut their price target on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. New Street Research dropped their price objective on Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Finally, Wells Fargo & Company upped their target price on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $335.67.

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.