Arrowstreet Capital Limited Partnership Lowers Stock Holdings in Charter Communications, Inc. $CHTR

Arrowstreet Capital Limited Partnership lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 30.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,093,356 shares of the company’s stock after selling 482,462 shares during the period. Arrowstreet Capital Limited Partnership owned 0.84% of Charter Communications worth $300,788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CHTR. Atlantic Union Bankshares Corp bought a new stake in Charter Communications during the 2nd quarter valued at approximately $25,000. Webster Bank N. A. purchased a new position in shares of Charter Communications in the third quarter worth $28,000. Heritage Wealth Advisors purchased a new position in shares of Charter Communications in the second quarter worth $29,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Charter Communications during the third quarter worth $30,000. Finally, Geneos Wealth Management Inc. grew its stake in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHTR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research note on Monday, December 29th. The Goldman Sachs Group cut their price objective on Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. UBS Group set a $425.00 target price on Charter Communications in a research report on Thursday, January 29th. Wells Fargo & Company increased their price target on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research note on Monday, February 2nd. Finally, Sanford C. Bernstein set a $220.00 price target on Charter Communications in a report on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $335.11.

Charter Communications Stock Performance

Charter Communications stock opened at $215.08 on Friday. The company’s 50-day moving average price is $216.47 and its 200-day moving average price is $229.24. 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 company has a market cap of $27.24 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 0.35 and a beta of 1.02. Charter Communications, Inc. has a twelve month low of $180.38 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, January 30th. The company reported $10.34 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 business had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same period in the previous year, the business posted $10.10 EPS. The firm’s revenue was down 2.3% on a year-over-year basis. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.