Westpac Banking Corp Sells 5,033 Shares of Charter Communications, Inc. $CHTR

Westpac Banking Corp reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 92.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 417 shares of the company’s stock after selling 5,033 shares during the quarter. Westpac Banking Corp’s holdings in Charter Communications were worth $90,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CHTR. Geneos Wealth Management Inc. lifted its holdings in Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after buying an additional 55 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of Charter Communications during the 1st quarter worth approximately $25,000. Quarry LP raised its position in shares of Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Charter Communications in the 4th quarter worth approximately $25,000. Finally, DV Equities LLC purchased a new position in shares of Charter Communications in the 4th quarter valued at approximately $25,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHTR. Royal Bank Of Canada reduced their price target on Charter Communications from $220.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Monday, July 20th. JPMorgan Chase & Co. dropped their target price on shares of Charter Communications from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Freedom Capital upgraded shares of Charter Communications to a “hold” rating in a research note on Friday, June 12th. New Street Research lowered their price target on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, Benchmark reissued a “buy” rating on shares of Charter Communications in a research note on Wednesday. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Charter Communications has an average rating of “Reduce” and a consensus price target of $249.12.

Charter Communications Price Performance

CHTR opened at $123.31 on Friday. Charter Communications, Inc. has a 52-week low of $111.55 and a 52-week high of $335.52. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The company’s 50-day simple moving average is $136.02 and its two-hundred day simple moving average is $184.01. The stock has a market capitalization of $15.17 billion, a P/E ratio of 3.33, a P/E/G ratio of 0.23 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The business had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.18 EPS. As a group, analysts predict that Charter Communications, Inc. will post 41.29 EPS for the current year.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, CEO Christopher L. Winfrey purchased 3,468 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of $172.23 per share, for a total transaction of $597,293.64. Following the completion of the transaction, the chief executive officer owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. The trade was a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Rutledge sold 18,200 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total value of $2,674,308.00. Following the completion of the transaction, the director directly owned 3,968 shares in the company, valued at approximately $583,057.92. This represents a 82.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders bought 20,125 shares of company stock valued at $3,167,116 in the last quarter. Insiders own 1.10% of the company’s stock.

Charter Communications News Summary

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Charter beat second-quarter earnings expectations, reporting $10.66 per share versus estimates around $9.98, and revenue of $13.53 billion came in slightly ahead of forecasts. Charter Announces Second Quarter 2026 Results
• Positive Sentiment: Mobile line growth remained a bright spot, with the company adding more than 400,000 new mobile lines, showing that its wireless expansion is still gaining traction. MarketWatch article on internet erosion
• Neutral Sentiment: Charter also announced debt exchange offers, which could help manage its capital structure, but the move is not a clear near-term catalyst for the stock. Charter Announces Debt Exchange Offers
• Negative Sentiment: Broadband subscriber losses were steeper than expected, reinforcing concerns that Charter is losing share to fiber and fixed-wireless competitors and weakening the outlook for its core internet business. Reuters broadband customer losses article
• Negative Sentiment: Multiple reports say Charter’s shares fell sharply to fresh lows as investors worried about ongoing internet and video customer losses, declining revenue, and a worsening competitive environment. MarketWatch article on Charter stock sharply lower

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.