Charter Communications, Inc. (NASDAQ:CHTR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been assigned a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $373.7059.

CHTR has been the topic of a number of recent analyst reports. KeyCorp cut their price target on shares of Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Citigroup assumed coverage on shares of Charter Communications in a research note on Monday, October 6th. They issued a “buy” rating and a $325.00 price objective on the stock. UBS Group cut their price objective on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Bank of America cut their price objective on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Finally, Barclays cut their price objective on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating on the stock in a research note on Monday, July 28th.

Insiders Place Their Bets

In other Charter Communications news, Director Balan Nair acquired 360 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the purchase, the director directly owned 9,622 shares of the company’s stock, valued at $2,638,448.62. The trade was a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher L. Winfrey acquired 3,670 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the purchase, the chief executive officer directly owned 70,243 shares of the company’s stock, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is owned by corporate insiders.

Institutional Trading of Charter Communications

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its holdings in Charter Communications by 25.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock worth $6,028,000 after buying an additional 2,990 shares in the last quarter. Fulton Breakefield Broenniman LLC purchased a new stake in Charter Communications during the second quarter worth $789,000. Caledonia Investments PLC boosted its holdings in Charter Communications by 8.3% during the second quarter. Caledonia Investments PLC now owns 153,200 shares of the company’s stock worth $62,628,000 after buying an additional 11,800 shares in the last quarter. WBI Investments LLC purchased a new stake in Charter Communications during the first quarter worth $733,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Charter Communications during the second quarter worth $39,695,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Down 0.7%

Shares of Charter Communications stock opened at $251.51 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications has a 12-month low of $248.17 and a 12-month high of $437.06. The firm has a market capitalization of $34.35 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.58 and a beta of 1.05. The firm’s 50 day simple moving average is $266.32 and its two-hundred day simple moving average is $334.39.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter in the previous year, the company posted $8.49 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts predict that Charter Communications will post 38.16 EPS for the current year.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.