Charter Communications (CHTR)

• Market cap: $55.6B
• 1 day: 1.43%
• 5 days: 21.18%
• 1 month: 6.33%
• 3 months: 16.41%
• 6 months: 18.28%
• Year to date: 12.17%
• 1 year: 53.11%
• 5 years: -20.87%
• 10 years: 109.48%
• Sector: Communication Services
• Industry: Telecom Services

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 57 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: 94,500

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

48% more first-time investments, than exits

New positions opened: 117 | Existing positions closed: 79

8% more capital invested

Capital invested by funds: $32.3B [Q3] → $35B (+$2.66B) [Q4]

5% more funds holding in top 10

Funds holding in top 10: 20 [Q3] → 21 (+1) [Q4]

3% more funds holding

Funds holding: 821 [Q3] → 845 (+24) [Q4]

1.72% more ownership

Funds ownership: 70.12% [Q3] → 71.84% (+1.72%) [Q4]

0% less call options, than puts

Call options by funds: $843M | Put options by funds: $843M

10% less repeat investments, than reductions

Existing positions increased: 275 | Existing positions reduced: 304

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $320 18% downside
• Avg. target: $401 2% upside
• High target: $445 14% upside

6 analyst ratings

• positive: 1 17%
• neutral: 4 67%
• negative: 1 17%

Citigroup Michael Rollins 68% 1-year accuracy 19 / 28 met price target	14% upside $445	Buy Maintained	28 Apr 2025
RBC Capital Jonathan Atkin 67% 1-year accuracy 14 / 21 met price target	1% upside $395	Sector Perform Maintained	28 Apr 2025
Wells Fargo Steven Cahall 56% 1-year accuracy 19 / 34 met price target	2% upside $400	Equal-Weight Maintained	28 Apr 2025
Loop Capital Alan Gould 43% 1-year accuracy 10 / 23 met price target	10% upside $430	Hold Maintained	28 Apr 2025
Morgan Stanley Benjamin Swinburne 70% 1-year accuracy 14 / 20 met price target	6% upside $415	Equal-Weight Maintained	28 Apr 2025