Charter Communications Inc. (NASDAQ:CHTR) was downgraded by Moffett Nathanson from a “buy” rating to a “neutral” rating in a research note issued on Tuesday.

CHTR has been the subject of several other reports. Morgan Stanley restated a “buy” rating and issued a $300.00 price objective on shares of Charter Communications in a research note on Monday, September 12th. Citigroup Inc. upped their price objective on Charter Communications from $270.00 to $318.00 and gave the stock a “buy” rating in a research note on Friday, September 30th. Guggenheim began coverage on Charter Communications in a research note on Monday, August 29th. They issued a “buy” rating and a $300.00 price objective for the company. Macquarie upped their price objective on Charter Communications from $286.00 to $289.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 28th. Finally, Pivotal Research upped their price objective on Charter Communications from $333.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 26th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $286.85.

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Tuesday, August 9th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. The business earned $9.99 billion during the quarter, compared to analyst estimates of $1.66 billion. Charter Communications had a net margin of 20.59% and a return on equity of 0.19%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.09) EPS.

In related news, EVP Jonathan Hargis sold 7,233 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $253.21, for a total value of $1,831,467.93. Following the completion of the transaction, the executive vice president now owns 13,255 shares of the company’s stock, valued at approximately $3,356,298.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $258.15, for a total transaction of $774,450.00. Following the completion of the transaction, the director now directly owns 16,563 shares of the company’s stock, valued at approximately $4,275,738.45. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virginia Retirement System acquired a new position in shares of Charter Communications during the first quarter worth approximately $276,000. Teachers Advisors Inc. increased its position in shares of Charter Communications by 7.2% in the first quarter. Teachers Advisors Inc. now owns 130,593 shares of the company’s stock worth $26,436,000 after buying an additional 8,792 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Charter Communications by 12.2% in the first quarter. Prudential Financial Inc. now owns 6,430 shares of the company’s stock worth $1,302,000 after buying an additional 700 shares during the last quarter. BlackRock Group LTD increased its position in shares of Charter Communications by 0.4% in the first quarter. BlackRock Group LTD now owns 519,863 shares of the company’s stock worth $105,237,000 after buying an additional 2,207 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Charter Communications by 4.9% in the first quarter. M&T Bank Corp now owns 4,170 shares of the company’s stock worth $844,000 after buying an additional 195 shares during the last quarter. 77.10% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:CHTR

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