Charter Communications (CHTR) Bond Prices Fall 2.1%
An issue of Charter Communications, Inc. (NASDAQ:CHTR) bonds fell 2.1% as a percentage of their face value during trading on Wednesday. The high-yield debt issue has a 5.375% coupon and will mature on May 1, 2047. The bonds in the issue are now trading at $103.34 and were trading at $102.48 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.
CHTR has been the topic of several recent research reports. Robert W. Baird restated a “hold” rating and set a $365.00 price target on shares of Charter Communications in a research report on Wednesday, October 4th. Royal Bank of Canada restated a “buy” rating and set a $400.00 price target on shares of Charter Communications in a research report on Thursday, November 2nd. Buckingham Research initiated coverage on Charter Communications in a research report on Wednesday, December 13th. They set a “buy” rating and a $415.00 price target on the stock. Guggenheim upgraded Charter Communications from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research lowered Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 26th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $382.53.
Shares of Charter Communications, Inc. (CHTR) traded up $4.91 during mid-day trading on Wednesday, hitting $357.84. The stock had a trading volume of 1,119,462 shares, compared to its average volume of 1,455,564. The company has a market cap of $87,740.00, a price-to-earnings ratio of 194.48, a P/E/G ratio of 2.54 and a beta of 1.06. Charter Communications, Inc. has a 12-month low of $301.28 and a 12-month high of $408.83. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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 return on equity of 0.91% and a net margin of 1.93%. Charter Communications’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. research analysts forecast that Charter Communications, Inc. will post 2.22 EPS for the current fiscal year.
In other Charter Communications news, CFO Christopher L. Winfrey acquired 3,100 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the transaction, the chief financial officer now owns 49,916 shares in the company, valued at $16,153,316.76. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of CHTR. Parametrica Management Ltd bought a new stake in shares of Charter Communications during the third quarter valued at approximately $226,000. Intl Fcstone Inc. bought a new stake in shares of Charter Communications during the second quarter valued at approximately $807,000. Commerzbank Aktiengesellschaft FI boosted its position in shares of Charter Communications by 25.7% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 13,274 shares of the company’s stock valued at $4,824,000 after purchasing an additional 2,711 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Charter Communications by 3.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,564 shares of the company’s stock valued at $11,834,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Triple Frond Partners LLC boosted its position in shares of Charter Communications by 19.4% during the second quarter. Triple Frond Partners LLC now owns 387,654 shares of the company’s stock valued at $130,581,000 after purchasing an additional 63,100 shares in the last quarter. Hedge funds and other institutional investors own 72.15% of the company’s stock.
Charter Communications Company Profile
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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