LRT Capital Management LLC Raises Stock Holdings in Charter Communications, Inc. $CHTR

LRT Capital Management LLC boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 88.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,669 shares of the company’s stock after buying an additional 5,485 shares during the quarter. Charter Communications makes up 2.1% of LRT Capital Management LLC’s portfolio, making the stock its 16th largest position. LRT Capital Management LLC’s holdings in Charter Communications were worth $3,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Charter Communications by 129.1% in the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after purchasing an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Charter Communications by 16.3% during the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after purchasing an additional 128 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock valued at $493,000 after buying an additional 435 shares during the period. Geneos Wealth Management Inc. boosted its position in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Charter Communications by 451.1% during the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after buying an additional 600 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Down 0.2%

Charter Communications stock opened at $217.65 on Tuesday. The stock’s 50 day moving average price is $216.80 and its 200 day moving average price is $227.98. The company has a market cap of $27.56 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.02. 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 1-year low of $180.38 and a 1-year high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced 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 analysts’ expectations of $13.73 billion. During the same quarter in the prior year, the business earned $10.10 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHTR. Sanford C. Bernstein set a $220.00 price target on shares of Charter Communications in a report on Wednesday, January 28th. TD Cowen boosted their price objective on Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. New Street Research cut their price target on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a report on Thursday, February 5th. BNP Paribas Exane cut their price objective on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $335.11.

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.