Charter Communications Inc. (NASDAQ:CHTR) Given Average Rating of “Buy” by Brokerages
Charter Communications Inc. (NASDAQ:CHTR) has been assigned a consensus recommendation of “Buy” from the twenty analysts that are covering the firm. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $281.37.
Several equities analysts have issued reports on CHTR shares. Morgan Stanley reaffirmed a “buy” rating and set a $300.00 price objective on shares of Charter Communications in a report on Monday, September 12th. Guggenheim started coverage on Charter Communications in a report on Monday, August 29th. They set a “buy” rating and a $300.00 price objective on the stock. Citigroup Inc. raised their price objective on Charter Communications from $270.00 to $318.00 and gave the stock a “buy” rating in a report on Friday, September 30th. Macquarie raised their price objective on Charter Communications from $286.00 to $289.00 and gave the stock an “outperform” rating in a report on Wednesday, September 28th. Finally, Pivotal Research raised their price objective on Charter Communications from $333.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 26th.
In other Charter Communications news, Director Mauricio Ramos acquired 1,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The stock was acquired at an average cost of $255.00 per share, with a total value of $255,000.00. Following the purchase, the director now directly owns 1,997 shares in the company, valued at approximately $509,235. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan Hargis sold 7,233 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $253.21, for a total transaction of $1,831,467.93. Following the transaction, the executive vice president now directly owns 13,255 shares of the company’s stock, valued at $3,356,298.55. The disclosure for this sale can be found here. Insiders own 1.51% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CHTR. Atalanta Sosnoff Capital LLC acquired a new position in shares of Charter Communications during the second quarter worth $30,009,000. Thrax Management LLC boosted its position in shares of Charter Communications by 47.1% in the first quarter. Thrax Management LLC now owns 153,425 shares of the company’s stock worth $31,058,000 after buying an additional 49,156 shares during the period. Suvretta Capital Management LLC boosted its position in shares of Charter Communications by 5.6% in the first quarter. Suvretta Capital Management LLC now owns 528,101 shares of the company’s stock worth $106,903,000 after buying an additional 28,100 shares during the period. Hunt Lane Capital LP boosted its position in shares of Charter Communications by 30.7% in the first quarter. Hunt Lane Capital LP now owns 196,000 shares of the company’s stock worth $39,676,000 after buying an additional 46,000 shares during the period. Finally, Tybourne Capital Management HK Ltd. boosted its position in shares of Charter Communications by 52.1% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,184,489 shares of the company’s stock worth $442,206,000 after buying an additional 747,989 shares during the period. 77.10% of the stock is owned by institutional investors and hedge funds.
Charter Communications (NASDAQ:CHTR) traded up 0.41% during trading on Thursday, reaching $268.18. The company had a trading volume of 555,257 shares. The firm has a 50-day moving average of $264.96 and a 200-day moving average of $232.64. Charter Communications has a 1-year low of $156.13 and a 1-year high of $279.95. The stock has a market capitalization of $72.66 billion, a price-to-earnings ratio of 11.98 and a beta of 0.67.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.28. The company had revenue of $9.99 billion for the quarter, compared to analyst estimates of $1.66 billion. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted ($1.09) earnings per share. On average, analysts anticipate that Charter Communications will post $0.60 EPS for the current fiscal year.
About Charter Communications
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.
Receive News & Stock Ratings for Charter Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications Inc. and related stocks with our FREE daily email newsletter.