Charter CommunicationsCHTR
Market Cap: $46.7B
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]
1.58% more ownership
Funds ownership: 71.18% [Q1] → 72.76% (+1.58%) [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]
5% less funds holding
Funds holding: 805 [Q1] → 767 (-38) [Q2]
19% less repeat investments, than reductions
Existing positions increased: 241 | Existing positions reduced: 298
31% less first-time investments, than exits
New positions opened: 84 | Existing positions closed: 122
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Citigroup Michael Rollins 78% 1-year accuracy 21 / 27 met price target | 7%upside $350 | Sell Maintained | 31 Jul 2024 |
Deutsche Bank Bryan Kraft 82% 1-year accuracy 14 / 17 met price target | 1%downside $325 | Hold Maintained | 29 Jul 2024 |
TD Cowen Gregory Williams 55% 1-year accuracy 6 / 11 met price target | 60%upside $525 | Buy Maintained | 29 Jul 2024 |
Morgan Stanley Benjamin Swinburne 73% 1-year accuracy 11 / 15 met price target | 10%upside $360 | Equal-Weight Maintained | 29 Jul 2024 |
Barclays Kannan Venkateshwar 53% 1-year accuracy 10 / 19 met price target | 8%downside $300 | Underweight Maintained | 29 Jul 2024 |
Financial journalist opinion
Based on 8 articles about CHTR published over the past 30 days