Charter Communications (CHTR) Debt Trading 1.5% Higher

An issue of Charter Communications, Inc. (NASDAQ:CHTR) bonds rose 1.5% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 5.375% coupon and will mature on May 1, 2047. The debt is now trading at $105.40 and was trading at $103.34 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.

Several research analysts have recently issued reports on CHTR shares. SunTrust Banks restated a “buy” rating and set a $380.00 price objective on shares of Charter Communications in a report on Friday, October 27th. Pivotal Research restated a “buy” rating and set a $420.00 price objective (up previously from $405.00) on shares of Charter Communications in a report on Friday, October 27th. Macquarie restated a “buy” rating and set a $430.00 price objective on shares of Charter Communications in a report on Tuesday, October 3rd. Buckingham Research started coverage on shares of Charter Communications in a report on Wednesday, December 13th. They set a “buy” rating and a $415.00 price objective on the stock. Finally, Royal Bank of Canada restated a “buy” rating and set a $400.00 price objective on shares of Charter Communications in a report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $382.53.

Charter Communications, Inc. (CHTR) traded up $4.91 during midday trading on Thursday, reaching $357.84. 1,119,400 shares of the company were exchanged, compared to its average volume of 1,455,564. The company has a market capitalization of $87,741.92, a PE ratio of 121.30, a P/E/G ratio of 2.53 and a beta of 1.05. Charter Communications, Inc. has a twelve month low of $301.28 and a twelve month high of $408.83. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The business had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. equities analysts predict that Charter Communications, Inc. will post 2.22 EPS for the current year.

In other Charter Communications news, CFO Christopher L. Winfrey bought 3,100 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the purchase, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $16,153,316.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CHTR. Huntington National Bank acquired a new position in Charter Communications in the third quarter valued at about $128,000. CLS Investments LLC boosted its position in Charter Communications by 4,733.3% in the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after buying an additional 426 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Charter Communications in the third quarter valued at about $180,000. Quadrant Capital Group LLC boosted its position in Charter Communications by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock valued at $194,000 after buying an additional 38 shares in the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new position in Charter Communications in the third quarter valued at about $209,000. Hedge funds and other institutional investors own 72.15% of the company’s stock.

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About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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