An issue of Charter Communications, Inc. (NASDAQ:CHTR) debt fell 1.3% against its face value during trading on Thursday. The high-yield debt issue has a 5.125% coupon and will mature on May 1, 2027. The bonds in the issue are now trading at $101.25 and were trading at $103.00 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.

Several research firms have commented on CHTR. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. Macquarie reaffirmed a “buy” rating and set a $365.00 target price on shares of Charter Communications in a research note on Tuesday, May 2nd. Deutsche Bank AG decreased their target price on Charter Communications from $400.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. SunTrust Banks, Inc. assumed coverage on Charter Communications in a research note on Tuesday, April 18th. They set a “buy” rating and a $380.00 target price for the company. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Charter Communications in a research note on Wednesday, June 28th. Eleven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $330.67.

Shares of Charter Communications, Inc. (CHTR) traded up 1.11% during trading on Friday, hitting $342.80. The stock had a trading volume of 1,085,969 shares. Charter Communications, Inc. has a 1-year low of $227.63 and a 1-year high of $355.00. The stock’s 50-day moving average price is $333.25 and its 200 day moving average price is $322.27. The firm has a market capitalization of $91.71 billion, a P/E ratio of 23.28 and a beta of 1.07.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.42. The company had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Charter Communications had a return on equity of 2.13% and a net margin of 10.55%. The business’s revenue for the quarter was up 301.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.68) EPS. On average, analysts anticipate that Charter Communications, Inc. will post $0.60 earnings per share for the current year.

In related news, Director David C. Merritt bought 1,200 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were purchased at an average cost of $326.31 per share, with a total value of $391,572.00. Following the transaction, the director now directly owns 8,174 shares of the company’s stock, valued at approximately $2,667,257.94. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jonathan Hargis sold 6,000 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $325.75, for a total transaction of $1,954,500.00. Following the completion of the transaction, the executive vice president now directly owns 13,049 shares in the company, valued at $4,250,711.75. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC increased its position in shares of Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock valued at $197,000 after buying an additional 3 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Charter Communications by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after buying an additional 6 shares during the last quarter. RMB Capital Management LLC increased its position in shares of Charter Communications by 1.0% in the first quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock valued at $267,000 after buying an additional 8 shares during the last quarter. Allen Operations LLC increased its position in shares of Charter Communications by 0.8% in the first quarter. Allen Operations LLC now owns 979 shares of the company’s stock valued at $320,000 after buying an additional 8 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Charter Communications by 1.2% in the first quarter. Teacher Retirement System of Texas now owns 2,309 shares of the company’s stock valued at $756,000 after buying an additional 28 shares during the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

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Charter Communications Company Profile

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.

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