Charter Communications, Inc. (NASDAQ:CHTR) Given Average Rating of “Hold” by Brokerages

Charter Communications, Inc. (NASDAQ:CHTR) has been given a consensus recommendation of “Hold” by the twenty-two brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $304.8235.

CHTR has been the topic of a number of research reports. TD Cowen raised their price objective on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a report on Monday, February 2nd. BNP Paribas Exane decreased their price objective on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Wells Fargo & Company raised their price objective on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th.

Charter Communications Trading Down 5.2%

Shares of CHTR stock opened at $140.33 on Friday. The stock’s fifty day moving average is $204.83 and its two-hundred day moving average is $209.90. 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 firm has a market capitalization of $17.26 billion, a P/E ratio of 3.79, a PEG ratio of 0.25 and a beta of 0.76. Charter Communications has a fifty-two week low of $136.63 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The firm had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.42 EPS. Research analysts expect that Charter Communications will post 43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Wade Davis bought 5,728 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was acquired at an average cost of $173.72 per share, with a total value of $995,068.16. Following the purchase, the director directly owned 6,925 shares of the company’s stock, valued at $1,203,011. The trade was a 478.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Balan Nair bought 1,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was bought at an average cost of $175.46 per share, with a total value of $175,460.00. Following the completion of the purchase, the director directly owned 12,029 shares in the company, valued at approximately $2,110,608.34. The trade was a 9.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 10,196 shares of company stock valued at $1,767,822 in the last three months. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Charter Communications

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC increased its stake in shares of Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after acquiring an additional 38 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after acquiring an additional 41 shares during the last quarter. Occudo Quantitative Strategies LP increased its stake in shares of Charter Communications by 1.4% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after acquiring an additional 41 shares during the last quarter. Pure Financial Advisors LLC increased its stake in shares of Charter Communications by 4.1% in the 4th quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after acquiring an additional 44 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Charter Communications by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after acquiring an additional 49 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

About Charter Communications

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.