CenterBook Partners LP Grows Stock Position in Charter Communications, Inc. $CHTR

CenterBook Partners LP increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 150.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,013 shares of the company’s stock after acquiring an additional 9,009 shares during the period. CenterBook Partners LP’s holdings in Charter Communications were worth $4,130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. Advisory Services Network LLC increased its position in shares of Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after purchasing an additional 38 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Charter Communications by 20.7% during the second quarter. Parkside Financial Bank & Trust now owns 227 shares of the company’s stock worth $93,000 after buying an additional 39 shares during the period. Occudo Quantitative Strategies LP increased its position in shares of Charter Communications by 1.4% during the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after acquiring an additional 41 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in shares of Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after acquiring an additional 41 shares during the last quarter. Finally, Brookstone Capital Management raised its stake in shares of Charter Communications by 6.5% in the 2nd quarter. Brookstone Capital Management now owns 686 shares of the company’s stock valued at $280,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 0.9%

CHTR opened at $239.14 on Thursday. The business has a fifty day moving average price of $210.14 and a 200 day moving average price of $233.11. 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, Inc. has a 12 month low of $180.38 and a 12 month high of $437.06. The stock has a market capitalization of $30.28 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 0.37 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last posted its quarterly 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). 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 during the quarter, compared to analyst estimates of $13.73 billion. During the same period in the prior year, the business earned $10.10 EPS. Charter Communications’s revenue for the quarter was down 2.3% on a year-over-year basis. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CHTR shares. Wells Fargo & Company lifted their target price on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. Barclays dropped their price objective on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research note on Monday, November 3rd. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Benchmark raised their target price on Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, January 29th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $335.67.

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.