Encore Global Management LP Invests $3.56 Million in Charter Communications, Inc. $CHTR

Encore Global Management LP bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 16,500 shares of the company’s stock, valued at approximately $3,562,000. Charter Communications makes up approximately 2.5% of Encore Global Management LP’s investment portfolio, making the stock its 10th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in CHTR. EverSource Wealth Advisors LLC increased its holdings in shares of Charter Communications by 11.8% during the first quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the company’s stock worth $229,000 after buying an additional 112 shares in the last quarter. Talon Private Wealth LLC acquired a new position in shares of Charter Communications in the 1st quarter worth approximately $594,000. Empowered Funds LLC boosted its holdings in shares of Charter Communications by 6.6% in the 1st quarter. Empowered Funds LLC now owns 17,393 shares of the company’s stock worth $3,755,000 after acquiring an additional 1,076 shares in the last quarter. Estate Counselors LLC bought a new stake in Charter Communications during the 1st quarter worth approximately $1,967,000. Finally, Quantinno Capital Management LP grew its position in Charter Communications by 54.3% during the 1st quarter. Quantinno Capital Management LP now owns 45,828 shares of the company’s stock worth $9,893,000 after acquiring an additional 16,118 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CHTR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research report on Wednesday, June 24th. Sanford C. Bernstein restated a “market perform” rating and set a $150.00 target price on shares of Charter Communications in a report on Monday. Barclays lowered their target price on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday. Wells Fargo & Company cut their price target on Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Charter Communications from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $230.00.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $139.97 on Wednesday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.40. The firm has a 50 day simple moving average of $135.78 and a 200 day simple moving average of $182.80. Charter Communications, Inc. has a fifty-two week low of $111.55 and a fifty-two week high of $298.21. The firm has a market cap of $17.21 billion, a P/E ratio of 3.63, a P/E/G ratio of 0.24 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.98 by $0.68. The firm had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.18 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 41.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mauricio Ramos purchased 9,929 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the acquisition, the director directly owned 19,309 shares in the company, valued at approximately $2,721,217.37. The trade was a 105.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Rutledge sold 18,200 shares of Charter Communications stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total value of $2,674,308.00. Following the completion of the sale, the director owned 3,968 shares of the company’s stock, valued at approximately $583,057.92. The trade was a 82.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Charter Communications News Summary

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

• Positive Sentiment: Citigroup lowered its price target to $180 from $190 but maintained a Buy rating, implying substantial potential upside from recent trading levels. Benzinga analyst price target update
• Positive Sentiment: Brokerages’ consensus target price is reported at $249.12, indicating analysts collectively see considerable longer-term appreciation potential. Charter consensus price target
• Positive Sentiment: TD Cowen cut its target to $380 from $413 but retained a Buy rating. The call reflects a lower valuation outlook while still highlighting significant potential upside. TD Cowen price target update
• Positive Sentiment: Charter’s proposed nearly $20 billion debt exchange and new bond plan could extend maturities and reduce refinancing pressure, although the company remains highly leveraged. Charter debt exchange and bond plan
• Positive Sentiment: A bullish investment case points to a stressed valuation, strong free-cash-flow generation, mobile subscriber growth, network modernization and aggressive share repurchases. Charter Communications investment thesis
• Neutral Sentiment: RBC reduced its target to $150 from $160 and kept a Sector Perform rating, suggesting limited near-term conviction despite modest potential upside. RBC price target update
• Neutral Sentiment: Recent quarterly results exceeded EPS expectations, but revenue declined year over year, underscoring the contrast between strong cash generation and operational pressure.
• Negative Sentiment: Wells Fargo lowered its target to $101 from $160 and assigned an Underweight rating, citing downside risk. Wells Fargo price target update
• Negative Sentiment: Barclays cut its target to $115 from $130 and maintained an Underweight rating. Barclays price target update
• Negative Sentiment: Investor concerns include broadband customer attrition and intensifying fiber competition. Unusually high put-option activity also signals increased bearish hedging or speculation.

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.