Charter Communications (CHTR) Stock Price Up 5.1%

Charter Communications Inc (NASDAQ:CHTR)’s share price rose 5.1% during mid-day trading on Tuesday . The stock traded as high as $316.94 and last traded at $316.22. Approximately 1,524,400 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 1,603,177 shares. The stock had previously closed at $300.85.

CHTR has been the topic of several recent analyst reports. Macquarie reiterated a “buy” rating and issued a $355.00 price target on shares of Charter Communications in a research note on Wednesday, September 12th. Barclays set a $259.00 price target on Charter Communications and gave the company a “sell” rating in a research note on Wednesday, October 10th. ValuEngine lowered Charter Communications from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Finally, BidaskClub upgraded Charter Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Charter Communications presently has an average rating of “Buy” and an average price target of $360.13.

The stock has a market capitalization of $68.40 billion, a price-to-earnings ratio of 119.33, a price-to-earnings-growth ratio of 1.82 and a beta of 1.20. The company has a quick ratio of 0.20, a current ratio of 0.23 and a debt-to-equity ratio of 1.53.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 26th. The company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $1.06. The business had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. Charter Communications’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. Equities analysts forecast that Charter Communications Inc will post 4.35 earnings per share for the current year.

In related news, EVP Richard R. Dykhouse sold 2,101 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total transaction of $622,988.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.83% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vigilant Capital Management LLC bought a new stake in shares of Charter Communications in the 3rd quarter valued at about $106,000. Chicago Partners Investment Group LLC grew its position in shares of Charter Communications by 254.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock valued at $101,000 after buying an additional 247 shares during the last quarter. Kaizen Advisory LLC grew its position in shares of Charter Communications by 122.7% in the 2nd quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock valued at $127,000 after buying an additional 238 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Charter Communications in the 2nd quarter valued at about $129,000. Finally, Sun Life Financial INC grew its position in shares of Charter Communications by 89.8% in the 2nd quarter. Sun Life Financial INC now owns 501 shares of the company’s stock valued at $147,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Charter Communications Company Profile (NASDAQ:CHTR)

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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