Game Creek Capital LP Acquires New Position in Charter Communications, Inc. $CHTR

Game Creek Capital LP bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $2,751,000.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHTR. Williams Trading set a $437.00 target price on Charter Communications in a research report on Monday, February 2nd. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Weiss Ratings restated 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 shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Finally, Benchmark boosted their target price on shares of Charter Communications from $425.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $335.11.

Charter Communications Price Performance

NASDAQ:CHTR opened at $218.19 on Friday. The firm has a market capitalization of $27.63 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 0.34 and a beta of 1.02. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06. The business has a 50 day simple moving average of $216.65 and a 200-day simple moving average of $228.85. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last released its earnings results 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 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 the consensus estimate of $13.73 billion. During the same period in the prior year, the firm posted $10.10 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.