Charter Communications (CHTR) Hits New 12-Month High at $354.47

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Shares of Charter Communications Inc (NASDAQ:CHTR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $354.47 and last traded at $351.71, with a volume of 25604 shares changing hands. The stock had previously closed at $348.13.

CHTR has been the subject of several analyst reports. Cowen upped their price objective on Charter Communications from $337.00 to $357.00 and gave the company an “outperform” rating in a research note on Friday, December 7th. BidaskClub downgraded Charter Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 27th. Zacks Investment Research downgraded Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Nomura initiated coverage on Charter Communications in a research note on Wednesday, January 16th. They set a “neutral” rating and a $330.00 price objective for the company. Finally, TD Securities initiated coverage on Charter Communications in a research note on Wednesday, January 16th. They set a “buy” rating and a $385.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $359.22.

The company has a market capitalization of $77.19 billion, a PE ratio of 67.57, a P/E/G ratio of 1.20 and a beta of 1.40. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.57.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Charter Communications had a return on equity of 2.70% and a net margin of 2.82%. Analysts anticipate that Charter Communications Inc will post 7.54 EPS for the current year.

In related news, EVP Richard R. Dykhouse sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $340.72, for a total value of $3,747,920.00. Following the completion of the transaction, the executive vice president now directly owns 16,610 shares of the company’s stock, valued at approximately $5,659,359.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Hargis sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $339.51, for a total value of $5,092,650.00. Following the completion of the transaction, the executive vice president now directly owns 15,964 shares of the company’s stock, valued at $5,419,937.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,233 shares of company stock valued at $19,544,909. Company insiders own 0.83% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHTR. We Are One Seven LLC purchased a new position in Charter Communications in the 4th quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC purchased a new position in Charter Communications in the 4th quarter valued at approximately $29,000. Whitener Capital Management Inc. purchased a new position in Charter Communications in the 4th quarter valued at approximately $29,000. Hanson McClain Inc. increased its stake in Charter Communications by 157.8% in the 4th quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in Charter Communications by 55.7% in the 3rd quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock valued at $40,000 after purchasing an additional 44 shares in the last quarter. 74.67% of the stock is owned by hedge funds and other institutional investors.

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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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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