Charter Communications, Inc. $CHTR Shares Sold by TAM Capital Management Inc.

TAM Capital Management Inc. decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 98.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,682 shares of the company’s stock after selling 3,011,995 shares during the quarter. Charter Communications makes up about 6.5% of TAM Capital Management Inc.’s holdings, making the stock its 3rd biggest position. TAM Capital Management Inc.’s holdings in Charter Communications were worth $13,316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Dodge & Cox lifted its stake in shares of Charter Communications by 23.7% in the 4th quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after purchasing an additional 2,801,671 shares during the last quarter. Vanguard Group Inc. increased its position in Charter Communications by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock worth $2,139,330,000 after buying an additional 885,935 shares during the last quarter. State Street Corp increased its position in Charter Communications by 22.7% during the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after buying an additional 1,475,383 shares during the last quarter. Capital Research Global Investors raised its holdings in Charter Communications by 304.9% during the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after buying an additional 3,626,135 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Charter Communications by 119.6% during the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after buying an additional 1,617,148 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications News Roundup

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

• Positive Sentiment: Citigroup lowered its price target to $180 from $190 but maintained a Buy rating, implying substantial potential upside from recent trading levels. Benzinga analyst price target update
• Positive Sentiment: Brokerages’ consensus target price is reported at $249.12, indicating analysts collectively see considerable longer-term appreciation potential. Charter consensus price target
• Positive Sentiment: TD Cowen cut its target to $380 from $413 but retained a Buy rating. The call reflects a lower valuation outlook while still highlighting significant potential upside. TD Cowen price target update
• Positive Sentiment: Charter’s proposed nearly $20 billion debt exchange and new bond plan could extend maturities and reduce refinancing pressure, although the company remains highly leveraged. Charter debt exchange and bond plan
• Positive Sentiment: A bullish investment case points to a stressed valuation, strong free-cash-flow generation, mobile subscriber growth, network modernization and aggressive share repurchases. Charter Communications investment thesis
• Neutral Sentiment: RBC reduced its target to $150 from $160 and kept a Sector Perform rating, suggesting limited near-term conviction despite modest potential upside. RBC price target update
• Neutral Sentiment: Recent quarterly results exceeded EPS expectations, but revenue declined year over year, underscoring the contrast between strong cash generation and operational pressure.
• Negative Sentiment: Wells Fargo lowered its target to $101 from $160 and assigned an Underweight rating, citing downside risk. Wells Fargo price target update
• Negative Sentiment: Barclays cut its target to $115 from $130 and maintained an Underweight rating. Barclays price target update
• Negative Sentiment: Investor concerns include broadband customer attrition and intensifying fiber competition. Unusually high put-option activity also signals increased bearish hedging or speculation.

Charter Communications Trading Up 6.4%

Shares of CHTR stock opened at $139.97 on Wednesday. The firm has a market capitalization of $17.21 billion, a P/E ratio of 3.63, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71. Charter Communications, Inc. has a 1 year low of $111.55 and a 1 year high of $298.21. The firm’s fifty day simple moving average is $135.78 and its 200 day simple moving average is $182.80. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 4.32.

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, beating analysts’ consensus estimates of $9.98 by $0.68. The firm had revenue of $13.53 billion during the quarter, compared to the consensus estimate 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 was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $9.18 EPS. As a group, sell-side analysts predict that Charter Communications, Inc. will post 41.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CHTR shares. Benchmark reiterated a “buy” rating on shares of Charter Communications in a research note on Wednesday, July 22nd. Bank of America reissued a “buy” rating on shares of Charter Communications in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a report on Monday, April 27th. BNP Paribas Exane decreased their target price on Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $150.00 price target on shares of Charter Communications in a report on Monday. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, Charter Communications has a consensus rating of “Reduce” and a consensus target price of $230.00.

Insider Activity

In related news, Director Mauricio Ramos bought 9,929 shares of Charter Communications stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the purchase, the director owned 19,309 shares in the company, valued at approximately $2,721,217.37. This represents a 105.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Rutledge sold 18,200 shares of Charter Communications stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total value of $2,674,308.00. Following the sale, the director directly owned 3,968 shares in the company, valued at approximately $583,057.92. This trade represents a 82.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

Charter Communications Company 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.