Charter Communications, Inc. (CHTR) Bonds Trading 2.9% Lower
An issue of Charter Communications, Inc. (NASDAQ:CHTR) debt fell 2.9% against its face value during trading on Tuesday. The high-yield issue of debt has a 5.875% coupon and will mature on May 1, 2027. The debt is now trading at $104.88 and was trading at $104.44 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.
A number of equities analysts have commented on the stock. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $380.00 price objective on shares of Charter Communications in a report on Friday, October 27th. Royal Bank Of Canada restated a “buy” rating and issued a $400.00 target price on shares of Charter Communications in a research note on Thursday, November 2nd. HSBC Holdings plc restated a “hold” rating and issued a $360.00 target price (up previously from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. UBS AG restated a “buy” rating and issued a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Finally, Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and upped their target price for the company from $340.00 to $450.00 in a research note on Wednesday, August 9th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Charter Communications presently has a consensus rating of “Buy” and an average price target of $378.12.
Shares of Charter Communications, Inc. (NASDAQ CHTR) traded down $5.39 during trading hours on Tuesday, hitting $343.01. 1,699,020 shares of the company were exchanged, compared to its average volume of 2,240,000. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a twelve month low of $252.90 and a twelve month high of $408.83. The company has a market cap of $86,620.00, a P/E ratio of 208.34, a PEG ratio of 5.21 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. During the same period in the prior year, the company earned $0.69 EPS. Charter Communications’s quarterly revenue was up 4.2% on a year-over-year basis. analysts expect that Charter Communications, Inc. will post 2.77 earnings per share for the current fiscal year.
In other news, CFO Christopher L. Winfrey bought 3,100 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the transaction, the chief financial officer now owns 49,916 shares in the company, valued at $16,153,316.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in Charter Communications by 43.3% in the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after purchasing an additional 93 shares during the last quarter. Cornerstone Advisors Inc. grew its position in Charter Communications by 4.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after purchasing an additional 16 shares during the last quarter. Huntington National Bank bought a new position in Charter Communications in the 3rd quarter worth about $128,000. Barrett Asset Management LLC grew its position in Charter Communications by 118.7% in the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after purchasing an additional 216 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Charter Communications by 50.7% in the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 73.97% of the company’s stock.
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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