Traders Buy Charter Communications (CHTR) on Weakness

Investors bought shares of Charter Communications (NASDAQ:CHTR) on weakness during trading hours on Friday. $89.68 million flowed into the stock on the tick-up and $64.25 million flowed out of the stock on the tick-down, for a money net flow of $25.43 million into the stock. Of all stocks tracked, Charter Communications had the 29th highest net in-flow for the day. Charter Communications traded down ($0.43) for the day and closed at $305.91

A number of research firms have commented on CHTR. Robert W. Baird restated a “hold” rating and set a $335.00 price target on shares of Charter Communications in a research report on Monday, April 2nd. Cowen began coverage on shares of Charter Communications in a research report on Monday, March 26th. They set an “outperform” rating on the stock. Zacks Investment Research downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. BidaskClub downgraded shares of Charter Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, March 2nd. Finally, Argus restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $405.50.

The company has a market capitalization of $72,346.02, a PE ratio of 115.44, a P/E/G ratio of 3.72 and a beta of 1.17. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.23 and a current ratio of 0.23.



Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. research analysts predict that Charter Communications will post 3.88 earnings per share for the current year.

In other news, EVP Jonathan Hargis sold 27,000 shares of Charter Communications stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the transaction, the executive vice president now owns 34,931 shares of the company’s stock, valued at approximately $12,741,431.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CHTR. Price Capital Management Inc. purchased a new position in shares of Charter Communications in the fourth quarter worth approximately $101,000. Kings Point Capital Management increased its position in shares of Charter Communications by 68.4% in the fourth quarter. Kings Point Capital Management now owns 347 shares of the company’s stock worth $117,000 after acquiring an additional 141 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Charter Communications by 109.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock worth $137,000 after acquiring an additional 214 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in shares of Charter Communications in the fourth quarter worth approximately $151,000. Finally, Valeo Financial Advisors LLC increased its position in shares of Charter Communications by 16,866.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 509 shares of the company’s stock worth $171,000 after acquiring an additional 506 shares in the last quarter. 72.31% of the stock is currently owned by institutional investors.

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About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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