Charter CommunicationsCHTR
About: Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 58 million US homes and businesses, around 35% of the country. Across this footprint, Charter serves 29 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest US cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (long-term local rights to Los Angeles Lakers games), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1.
Employees: 101,100
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
55% more first-time investments, than exits
New positions opened: 124 | Existing positions closed: 80
10% more call options, than puts
Call options by funds: $863M | Put options by funds: $784M
6% more funds holding
Funds holding: 773 [Q2] → 817 (+44) [Q3]
2% more capital invested
Capital invested by funds: $31.7B [Q2] → $32.4B (+$702M) [Q3]
1% more repeat investments, than reductions
Existing positions increased: 271 | Existing positions reduced: 267
3.32% less ownership
Funds ownership: 73.52% [Q2] → 70.2% (-3.32%) [Q3]
5% less funds holding in top 10
Funds holding in top 10: 21 [Q2] → 20 (-1) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Keybanc Brandon Nispel 64% 1-year accuracy 14 / 22 met price target | 32%upside $500 | Overweight Upgraded | 12 Dec 2024 |
Exane BNP Paribas Kohulan Paramaguru 0% 1-year accuracy 0 / 1 met price target | 5%downside $360 | Neutral Upgraded | 26 Nov 2024 |
Benchmark Matthew Harrigan 55% 1-year accuracy 42 / 76 met price target | 18%upside $450 | Buy Maintained | 5 Nov 2024 |
Deutsche Bank Bryan Kraft 81% 1-year accuracy 13 / 16 met price target | 4%downside $365 | Hold Maintained | 4 Nov 2024 |
RBC Capital Jonathan Atkin 67% 1-year accuracy 12 / 18 met price target | 3%upside $390 | Sector Perform Maintained | 4 Nov 2024 |
Financial journalist opinion
Based on 9 articles about CHTR published over the past 30 days