Healthcare of Ontario Pension Plan Trust Fund Lowers Position in Charter Communications, Inc. $CHTR

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 10.4% in the first quarter, HoldingsChannel.com reports. The fund owned 38,621 shares of the company’s stock after selling 4,487 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Charter Communications were worth $8,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CHTR. Geneos Wealth Management Inc. increased its position in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Charter Communications in the 1st quarter worth approximately $25,000. Quarry LP grew its stake in Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Charter Communications in the 4th quarter worth $25,000. Finally, DV Equities LLC bought a new position in shares of Charter Communications in the 4th quarter worth $25,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a report on Monday. JPMorgan Chase & Co. lowered their price target on Charter Communications from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Freedom Capital raised Charter Communications to a “hold” rating in a research note on Friday, June 12th. BNP Paribas Exane cut their price objective on Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $150.00 price objective on shares of Charter Communications in a research report on Monday. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $230.00.

Charter Communications Price Performance

CHTR stock opened at $139.97 on Wednesday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.40 and a current ratio of 0.36. Charter Communications, Inc. has a 52 week low of $111.55 and a 52 week high of $298.21. The firm’s fifty day moving average is $135.78 and its 200 day moving average is $182.80. The firm has a market cap of $17.21 billion, a P/E ratio of 3.63, a P/E/G ratio of 0.24 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The company had revenue of $13.53 billion for the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $9.18 EPS. Research analysts predict that Charter Communications, Inc. will post 41.14 earnings per share for the current year.

More Charter Communications News

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.

Insider Activity

In related news, Director Mauricio Ramos acquired 9,929 shares of the stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the transaction, the director owned 19,309 shares of the company’s stock, valued at $2,721,217.37. This trade represents a 105.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas Rutledge sold 18,200 shares of the stock in a transaction that occurred on 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

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.