Westpac Banking Corp Sells 5,033 Shares of Charter Communications, Inc. $CHTR

Westpac Banking Corp lessened its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 92.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 417 shares of the company’s stock after selling 5,033 shares during the quarter. Westpac Banking Corp’s holdings in Charter Communications were worth $90,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CHTR. ABN Amro Investment Solutions increased its stake in Charter Communications by 11.2% during the first quarter. ABN Amro Investment Solutions now owns 3,992 shares of the company’s stock worth $862,000 after acquiring an additional 401 shares during the last quarter. Oslo Pensjonsforsikring AS bought a new stake in shares of Charter Communications during the first quarter worth $277,000. Baader Bank Aktiengesellschaft boosted its position in Charter Communications by 13.5% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 13,010 shares of the company’s stock valued at $2,809,000 after buying an additional 1,546 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Charter Communications in the first quarter worth approximately $25,000. Finally, Meeder Asset Management Inc. grew its position in shares of Charter Communications by 30,185.4% during the 1st quarter. Meeder Asset Management Inc. now owns 14,537 shares of the company’s stock worth $3,138,000 after buying an additional 14,489 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications News Roundup

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Charter beat second-quarter earnings expectations, reporting $10.66 per share versus estimates around $9.98, and revenue of $13.53 billion came in slightly ahead of forecasts. Charter Announces Second Quarter 2026 Results
• Positive Sentiment: Mobile line growth remained a bright spot, with the company adding more than 400,000 new mobile lines, showing that its wireless expansion is still gaining traction. MarketWatch article on internet erosion
• Neutral Sentiment: Charter also announced debt exchange offers, which could help manage its capital structure, but the move is not a clear near-term catalyst for the stock. Charter Announces Debt Exchange Offers
• Negative Sentiment: Broadband subscriber losses were steeper than expected, reinforcing concerns that Charter is losing share to fiber and fixed-wireless competitors and weakening the outlook for its core internet business. Reuters broadband customer losses article
• Negative Sentiment: Multiple reports say Charter’s shares fell sharply to fresh lows as investors worried about ongoing internet and video customer losses, declining revenue, and a worsening competitive environment. MarketWatch article on Charter stock sharply lower

Charter Communications Price Performance

Shares of CHTR stock opened at $123.31 on Friday. Charter Communications, Inc. has a fifty-two week low of $111.55 and a fifty-two week high of $335.52. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 3.33, a PEG ratio of 0.23 and a beta of 0.71. The stock’s 50-day simple moving average is $136.02 and its 200-day simple moving average is $184.01.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 24th. The company reported $10.66 EPS for the quarter, beating the consensus estimate of $9.98 by $0.68. The firm had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. Charter Communications’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $9.18 EPS. As a group, equities analysts forecast that Charter Communications, Inc. will post 41.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on CHTR. Wells Fargo & Company cut their price objective on shares of Charter Communications from $170.00 to $160.00 and set an “underweight” rating on the stock in a report on Tuesday, July 7th. Royal Bank Of Canada reduced their price objective on shares of Charter Communications from $220.00 to $160.00 and set a “sector perform” rating for the company in a research note on Monday, July 20th. Zacks Research cut shares of Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Barclays lowered their target price on shares of Charter Communications from $200.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group reduced their price target on Charter Communications from $185.00 to $125.00 and set a “sell” rating on the stock in a research report on Thursday, July 2nd. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $249.12.

Insider Buying and Selling at Charter Communications

In related news, Director Mauricio Ramos purchased 9,929 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the acquisition, the director owned 19,309 shares in the company, valued at approximately $2,721,217.37. This represents a 105.85% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Balan Nair acquired 1,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were bought at an average price of $175.46 per share, with a total value of $175,460.00. Following the completion of the purchase, the director directly owned 12,029 shares of the company’s stock, valued at approximately $2,110,608.34. This trade represents a 9.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 20,125 shares of company stock worth $3,167,116 in the last three months. 1.10% of the stock is owned by company insiders.

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.