59,586 Charter Communications, Inc. $CHTR Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 484.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,880 shares of the company’s stock after buying an additional 59,586 shares during the period. New York Life Investment Management LLC owned about 0.06% of Charter Communications worth $7,971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new stake in Charter Communications during the 1st quarter valued at about $25,000. Trust Co. of Vermont purchased a new position in shares of Charter Communications in the second quarter worth about $28,000. Raiffeisen Bank International AG raised its holdings 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 acquiring an additional 161 shares during the period. MCF Advisors LLC grew its position in Charter Communications by 106.5% in the second quarter. MCF Advisors LLC now owns 223 shares of the company’s stock worth $32,000 after acquiring an additional 115 shares during the period. Finally, Legacies Wealth LLC purchased a new stake in Charter Communications in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications News Roundup

Investors following CHTR have been watching these news items:

• Positive Sentiment: Debt transaction: Charter’s $1.5 billion tender offer for long-dated notes was cited in coverage of a recent rally and may signal active debt management. Tender Offer for Long-Dated Notes
• Neutral Sentiment: Hold rating: Morgan Stanley maintained its Hold rating, indicating neither a fresh endorsement nor a downgrade from that firm. Morgan Stanley Maintains Hold Rating
• Negative Sentiment: Bearish rating change: Zacks Research cut its rating from Hold to Strong Sell, adding to concerns about Charter’s investment outlook. Zacks Research Ratings

Charter Communications Stock Down 2.7%

Shares of Charter Communications stock opened at $132.66 on Friday. The business’s fifty day moving average price is $119.19 and its two-hundred day moving average price is $162.13. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.37 and a quick ratio of 0.36. The company has a market capitalization of $15.82 billion, a P/E ratio of 13.72, a PEG ratio of 0.72 and a beta of 0.73. Charter Communications, Inc. has a 1-year low of $101.11 and a 1-year high of $254.11.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CHTR shares. Barclays dropped their price objective on shares of Charter Communications from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Monday, July 27th. UBS Group dropped their target price on Charter Communications from $235.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating and set a $150.00 target price on shares of Charter Communications in a research note on Monday, July 27th. JPMorgan Chase & Co. decreased their price target on Charter Communications from $200.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Finally, Weiss Ratings cut Charter Communications from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target 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.