Bank of New York Mellon Corp Reduces Stock Position in Charter Communications, Inc. $CHTR

Bank of New York Mellon Corp trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 570,213 shares of the company’s stock after selling 31,356 shares during the period. Bank of New York Mellon Corp’s holdings in Charter Communications were worth $156,868,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Charter Communications by 129.1% in the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after acquiring an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Charter Communications by 16.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after purchasing an additional 128 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after purchasing an additional 435 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Charter Communications by 451.1% during the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the sale, the director owned 10,146 shares in the company, valued at approximately $2,294,822.28. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CHTR. Barclays lowered their price objective on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, November 3rd. Sanford C. Bernstein set a $220.00 target price on Charter Communications in a research report on Wednesday. BNP Paribas Exane set a $160.00 price target on Charter Communications in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Exane BNP Paribas reissued an “underperform” rating on shares of Charter Communications in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $323.67.

More Charter Communications News

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

• Positive Sentiment: Charter reported a rare quarterly gain in pay-TV/video subscribers (added ~44,000) and shed fewer broadband customers than feared, which investors viewed as a sign of stabilizing customer trends. Read More.
• Positive Sentiment: Company results showed resilient EBITDA and free cash flow supported by mobile/Internet growth and cost controls; management flagged capex reductions that could free up roughly ~$2B of incremental FCF by 2027. These operational positives are a primary reason some bullish analysts call the shares undervalued. Read More.
• Neutral Sentiment: The full Q4 earnings release, slide deck and conference-call transcript are available for review — useful for digging into subscriber detail, margins and capex guidance. Read More.
• Neutral Sentiment: Charter added Wade Davis to its board; typically a governance/experience item with limited near-term stock impact but worth noting for institutional investors. Read More.
• Negative Sentiment: Charter missed consensus EPS ($10.34 vs $10.40) and revenue ($13.60B vs $13.73B); revenue fell ~2.3% year‑over‑year, partly due to a drop in political advertising — a revenue headwind. Read More.
• Negative Sentiment: Analyst sentiment is mixed-to-cautious: some shops have lowered recommendations or kept conservative ratings citing intensifying broadband competition and persistent revenue pressure. That keeps downside risk if subscriber trends reverse. Read More. and Read More.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $206.12 on Friday. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $26.67 billion, a PE ratio of 5.72, a P/E/G ratio of 0.53 and a beta of 1.06. Charter Communications, Inc. has a 1-year low of $180.38 and a 1-year high of $437.06. The business’s fifty day moving average price is $202.06 and its two-hundred day moving average price is $242.80.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same period last year, the firm posted $10.10 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. On average, research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.