Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) gapped down prior to trading on Wednesday after Cowen lowered their price target on the stock from $670.00 to $649.00. The stock had previously closed at $392.68, but opened at $366.70. Charter Communications shares last traded at $343.89, with a volume of 34,163 shares trading hands.
CHTR has been the subject of several other research reports. Rosenblatt Securities dropped their price objective on Charter Communications from $440.00 to $437.00 and set a “buy” rating for the company in a research note on Monday, November 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $550.00 to $475.00 and set a “hold” rating for the company in a research note on Tuesday, October 18th. Cowen dropped their price objective on Charter Communications from $670.00 to $649.00 in a research note on Wednesday. Citigroup lifted their price objective on Charter Communications to $390.00 in a research note on Friday, November 4th. Finally, Royal Bank of Canada dropped their price objective on Charter Communications from $480.00 to $460.00 in a research note on Wednesday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, Charter Communications has an average rating of “Hold” and an average price target of $504.00.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Hexagon Capital Partners LLC increased its holdings in Charter Communications by 72.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 83 shares of the company’s stock valued at $25,000 after purchasing an additional 35 shares during the period. Elequin Capital LP purchased a new stake in shares of Charter Communications in the 1st quarter worth $26,000. MCF Advisors LLC increased its stake in shares of Charter Communications by 69.5% in the 3rd quarter. MCF Advisors LLC now owns 100 shares of the company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Prentice Wealth Management LLC purchased a new stake in shares of Charter Communications in the 2nd quarter worth $33,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Charter Communications by 196.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 74 shares of the company’s stock worth $35,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 66.91% of the company’s stock.
Charter Communications Price Performance
The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 7.73. The firm has a market cap of $52.97 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The stock has a 50 day simple moving average of $359.91 and a 200-day simple moving average of $410.12.
Charter Communications (NASDAQ:CHTR – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The company reported $7.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.94 by ($0.56). Charter Communications had a return on equity of 36.48% and a net margin of 10.21%. The business had revenue of $13.55 billion during the quarter, compared to analysts’ expectations of $13.67 billion. During the same quarter in the previous year, the company posted $6.50 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts anticipate that Charter Communications, Inc. will post 31.56 earnings per share for the current fiscal year.
Charter Communications Company Profile
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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.