AXQ Capital LP Purchases Shares of 3,820 Charter Communications, Inc. $CHTR

AXQ Capital LP acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,820 shares of the company’s stock, valued at approximately $1,051,000.

A number of other large investors also recently modified their holdings of the stock. Atlantic Union Bankshares Corp bought a new stake in Charter Communications during the second quarter worth $25,000. Webster Bank N. A. bought a new position in Charter Communications during the 3rd quarter valued at $28,000. Heritage Wealth Advisors purchased a new position in Charter Communications during the 2nd quarter worth $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in Charter Communications during the 3rd quarter worth $30,000. Finally, Geneos Wealth Management Inc. grew 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 worth $35,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of recent analyst reports. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Citigroup dropped their target price on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Wells Fargo & Company upped their target price on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. TD Cowen increased their price target on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Oppenheimer cut Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $335.67.

Charter Communications Stock Performance

Shares of CHTR opened at $227.52 on Tuesday. Charter Communications, Inc. has a 52-week low of $180.38 and a 52-week high of $437.06. The stock’s 50-day simple moving average is $211.36 and its 200 day simple moving average is $232.23. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $28.81 billion, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 0.36 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the prior year, the company earned $10.10 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.