Charter Communications, Inc. $CHTR Stock: Yousif Capital Management LLC Raises Position

Yousif Capital Management LLC grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 371.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 65,131 shares of the company’s stock after purchasing an additional 51,325 shares during the period. Yousif Capital Management LLC’s holdings in Charter Communications were worth $7,223,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new position in shares of Charter Communications in the 1st quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in Charter Communications during the 2nd quarter valued at $28,000. MCF Advisors LLC raised its holdings in Charter Communications by 106.5% during the 2nd quarter. MCF Advisors LLC now owns 223 shares of the company’s stock valued at $32,000 after buying an additional 115 shares during the period. Raiffeisen Bank International AG lifted its position in Charter Communications by 259.7% in the second quarter. Raiffeisen Bank International AG now owns 223 shares of the company’s stock worth $33,000 after buying an additional 161 shares during the last quarter. Finally, Clark Wealth Partners lifted its position in Charter Communications by 12,775.0% in the third quarter. Clark Wealth Partners now owns 515 shares of the company’s stock worth $57,000 after buying an additional 511 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CHTR shares. Wells Fargo & Company dropped their price objective on shares of Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. TD Cowen reduced their target price on shares of Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. The Goldman Sachs Group lowered their target price on shares of Charter Communications from $120.00 to $110.00 and set a “sell” rating for the company in a report on Friday, September 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $202.53.

Charter Communications Trading Down 2.8%

CHTR opened at $108.61 on Friday. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 2.82, a P/E/G ratio of 0.23 and a beta of 0.70. The stock’s 50 day moving average price is $128.45 and its 200-day moving average price is $146.03. Charter Communications, Inc. has a one year low of $101.63 and a one year high of $254.11. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The firm had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. During the same period in the prior year, the business posted $9.18 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts forecast that Charter Communications, Inc. will post 42.92 EPS for the current year.

Charter Communications Profile

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.