129,383 Shares of Charter Communications, Inc. $CHTR Acquired by Keybank National Association OH

Keybank National Association OH purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, Holdings Channel.com reports. The fund purchased 129,383 shares of the company’s stock, valued at approximately $14,349,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new stake in Charter Communications in the 1st quarter worth about $25,000. Trust Co. of Vermont purchased a new stake in Charter Communications in the 2nd quarter valued at about $28,000. Legacies Wealth LLC purchased a new stake in Charter Communications in the 3rd quarter valued at about $30,000. MCF Advisors LLC increased its stake in Charter Communications by 106.5% in 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 last quarter. Finally, Raiffeisen Bank International AG lifted its position in shares of Charter Communications by 259.7% during the 2nd quarter. Raiffeisen Bank International AG now owns 223 shares of the company’s stock worth $33,000 after buying an additional 161 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Top Charter Communications Stories

Investors following CHTR have been watching these stories:

• Positive Sentiment: Citigroup raised its price target to $150 from $140 and maintained a Buy rating, implying further potential upside. A Wells Fargo analyst also reportedly sees the shares rising, though the article details were limited. Citigroup rating information Wells Fargo analyst article
• Negative Sentiment: Kahn Swick & Foti announced an investigation into Charter’s officers and directors related to the company’s participation in the federal Affordable Connectivity Program, which ended in 2024. The announcement creates potential legal and reputational uncertainty; it does not establish wrongdoing. Investigation announcement
• Negative Sentiment: A separate earnings-call analysis characterized Charter’s growth reset as costly, raising concerns about the expense of its strategy. Earnings call analysis

Charter Communications Price Performance

CHTR opened at $136.31 on Thursday. The firm has a market cap of $16.26 billion, a P/E ratio of 14.10, a PEG ratio of 0.71 and a beta of 0.73. The firm has a 50-day moving average of $119.72 and a 200 day moving average of $162.43. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.36 and a current ratio of 0.37. Charter Communications, Inc. has a fifty-two week low of $101.11 and a fifty-two week high of $254.11.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, November 6th. The company reported ($20.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.94 by ($29.44). The company had revenue of $14.92 billion for the quarter, compared to analysts’ expectations of $13.50 billion. Charter Communications had a return on equity of 27.11% and a net margin of 2.50%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $8.34 EPS. On average, research analysts expect that Charter Communications, Inc. will post 35.30 EPS for the current year.

Analyst Ratings Changes

CHTR has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Charter Communications from $101.00 to $103.00 and gave the company an “underweight” rating in a report on Monday. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Morgan Stanley dropped their price target on Charter Communications from $150.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. The Goldman Sachs Group dropped their price target on Charter Communications from $120.00 to $110.00 and set a “sell” rating on the stock in a report on Friday, September 25th. Finally, UBS Group cut their price objective on Charter Communications from $235.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $193.41.

Charter Communications Profile

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.