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 40% of the country. Across this footprint, Charter serves 30 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 Q2 SEC filings by fund managers ($100M+ AUM)
31% more funds holding in top 10
Funds holding in top 10: 16 [Q1] → 21 (+5) [Q2]
1.57% more ownership
Funds ownership: 71.18% [Q1] → 72.75% (+1.57%) [Q2]
5% more call options, than puts
Call options by funds: $1.05B | Put options by funds: $995M
5% more capital invested
Capital invested by funds: $29.9B [Q1] → $31.3B (+$1.45B) [Q2]
4% less funds holding
Funds holding: 805 [Q1] → 772 (-33) [Q2]
19% less repeat investments, than reductions
Existing positions increased: 241 | Existing positions reduced: 299
28% less first-time investments, than exits
New positions opened: 87 | Existing positions closed: 120
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Wolfe Research Peter Supino 67% 1-year accuracy 4 / 6 met price target | 9%downside $300 | Underperform Downgraded | 30 Sept 2024 |
RBC Capital Jonathan Atkin 83% 1-year accuracy 10 / 12 met price target | 5%upside $345 | Sector Perform Initiated | 19 Sept 2024 |
Citigroup Michael Rollins 74% 1-year accuracy 17 / 23 met price target | 6%upside $350 | Neutral Upgraded | 11 Sept 2024 |
Citigroup Michael Rollins 74% 1-year accuracy 17 / 23 met price target | 6%upside $350 | Sell Maintained | 31 Jul 2024 |
Deutsche Bank Bryan Kraft 75% 1-year accuracy 12 / 16 met price target | 1%downside $325 | Hold Maintained | 29 Jul 2024 |
Financial journalist opinion
Based on 10 articles about CHTR published over the past 30 days
