Estate Counselors LLC Acquires Shares of 9,113 Charter Communications, Inc. $CHTR

Estate Counselors LLC bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,113 shares of the company’s stock, valued at approximately $1,967,000.

A number of other institutional investors have also recently made changes to their positions in CHTR. Advisory Services Network LLC grew its stake in shares of Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after acquiring an additional 38 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after purchasing an additional 41 shares during the last quarter. Occudo Quantitative Strategies LP lifted its holdings in Charter Communications by 1.4% during the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after purchasing an additional 41 shares during the last quarter. Pure Financial Advisors LLC boosted its position in Charter Communications by 4.1% during the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in Charter Communications by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications News Summary

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

• Positive Sentiment: Charter reported quarterly EPS of $10.66, exceeding the $9.98 consensus estimate, while revenue of $13.53 billion was broadly in line with expectations. The earnings beat and robust cash generation may be supporting investor interest despite a 1.7% year-over-year revenue decline.
• Positive Sentiment: Charter unveiled a nearly $20 billion debt exchange and new bond plan. The initiative could help manage maturities and improve financial flexibility, an important consideration for a highly leveraged company. Charter Unveils Nearly $20 Billion Debt Exchange and New Bond Plan
• Positive Sentiment: A bullish investment view argues that CHTR is priced at a distressed valuation, with substantial free cash flow, mobile-subscriber growth, network modernization and share repurchases potentially supporting long-term returns and deleveraging. Charter Communications: Keep Adding On The Way Down
• Positive Sentiment: TD Cowen maintained a “buy” rating while lowering its price target to $380 from $413, implying substantial potential upside based on the reference price. TD Cowen price-target report
• Neutral Sentiment: Unusual options activity included 8,909 put contracts, about 10% above typical volume. This signals increased hedging or bearish speculation but does not establish a clear direction for the stock.
• Neutral Sentiment: Charter’s ability to stabilize its broadband customer base remains a key near-term question as investors assess customer losses, pricing and competition from fiber providers. Can Charter Communications Steady Its Broadband Base?
• Negative Sentiment: Several firms reduced their targets: RBC cut its target to $150 and assigned “sector perform,” while Barclays lowered its target to $115 and Wells Fargo to $101, with both firms maintaining “underweight” ratings. The revisions reflect concerns about broadband attrition, fiber competition and leverage.

Analyst Ratings Changes

Several research firms have recently issued reports on CHTR. Benchmark reissued a “buy” rating on shares of Charter Communications in a research report on Wednesday, July 22nd. The Goldman Sachs Group reduced their price objective on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a research note on Thursday, July 2nd. Citigroup lowered their target price on shares of Charter Communications from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Wednesday, June 24th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 price target on shares of Charter Communications in a report on Monday. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has an average rating of “Reduce” and an average target price of $230.62.

Charter Communications Stock Performance

NASDAQ CHTR opened at $131.61 on Tuesday. The company’s 50 day simple moving average is $135.83 and its two-hundred day simple moving average is $183.27. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.40. Charter Communications, Inc. has a 1 year low of $111.55 and a 1 year high of $309.40. The stock has a market capitalization of $16.19 billion, a PE ratio of 3.42, a P/E/G ratio of 0.23 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, beating analysts’ consensus estimates 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 9.05% and a return on equity of 23.71%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $9.18 EPS. Analysts predict that Charter Communications, Inc. will post 41.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, Director Mauricio Ramos purchased 9,929 shares of the stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $140.93 per share, with a total value of $1,399,293.97. Following 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Rutledge sold 18,200 shares of Charter Communications stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total value of $2,674,308.00. Following the sale, the director owned 3,968 shares of the company’s stock, valued at approximately $583,057.92. This trade represents a 82.10% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

Charter Communications Profile

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.