Charter Communications, Inc. (NASDAQ:CHTR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given a consensus recommendation of “Hold” by the twenty-one research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $373.7059.

A number of research firms have commented on CHTR. UBS Group cut their price target on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Wells Fargo & Company began coverage on shares of Charter Communications in a research note on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of Charter Communications from $370.00 to $325.00 and set a “hold” rating for the company in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Charter Communications in a research note on Wednesday, October 8th. Finally, Arete Research raised shares of Charter Communications to a “strong sell” rating in a research note on Tuesday, July 8th.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $245.44 on Tuesday. The company has a 50 day moving average of $264.34 and a 200 day moving average of $331.32. The stock has a market cap of $33.52 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.56 and a beta of 1.05. Charter Communications has a 12 month low of $243.44 and a 12 month high of $437.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). The firm had revenue of $13.77 billion for the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. Charter Communications’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $8.49 EPS. As a group, sell-side analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Charter Communications news, CEO Christopher L. Winfrey acquired 3,670 shares of the stock in a transaction dated Thursday, July 31st. The stock was purchased at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the acquisition, the chief executive officer owned 70,243 shares in the company, valued at $19,183,363.30. The trade was a 5.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Balan Nair acquired 360 shares of the stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $274.21 per share, with a total value of $98,715.60. Following the completion of the acquisition, the director owned 9,622 shares in the company, valued at approximately $2,638,448.62. The trade was a 3.89% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Charter Communications

A number of hedge funds have recently made changes to their positions in the business. Stephens Inc. AR lifted its holdings in shares of Charter Communications by 20.0% in the 3rd quarter. Stephens Inc. AR now owns 1,265 shares of the company’s stock worth $348,000 after acquiring an additional 211 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Charter Communications by 7.6% in the 3rd quarter. Nordea Investment Management AB now owns 11,263 shares of the company’s stock worth $3,179,000 after acquiring an additional 793 shares during the last quarter. First Horizon Corp bought a new stake in shares of Charter Communications in the 3rd quarter worth approximately $197,000. Citizens Financial Group Inc. RI lifted its holdings in shares of Charter Communications by 57.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,424 shares of the company’s stock worth $392,000 after acquiring an additional 520 shares during the last quarter. Finally, Forum Financial Management LP lifted its holdings in shares of Charter Communications by 48.7% in the 3rd quarter. Forum Financial Management LP now owns 2,478 shares of the company’s stock worth $682,000 after acquiring an additional 811 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.