Charter Communications Inc (NASDAQ:CHTR)’s share price reached a new 52-week high on Monday . The stock traded as high as $396.52 and last traded at $395.06, with a volume of 3006 shares. The stock had previously closed at $394.04.
Several research firms recently weighed in on CHTR. BidaskClub cut Charter Communications from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Citigroup boosted their price target on Charter Communications from $390.00 to $427.00 and gave the company a “buy” rating in a research note on Monday, May 6th. UBS Group boosted their price target on Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. ValuEngine upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Finally, Macquarie lowered Charter Communications from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Charter Communications has an average rating of “Buy” and a consensus target price of $370.27.
The company has a market cap of $88.03 billion, a price-to-earnings ratio of 75.03, a P/E/G ratio of 1.27 and a beta of 1.29. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31.
In other news, Director Craig A. Jacobson sold 1,325 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the sale, the director now directly owns 12,773 shares in the company, valued at approximately $4,792,174.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.84% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Longview Partners Guernsey LTD bought a new stake in shares of Charter Communications in the 4th quarter valued at approximately $846,691,000. Egerton Capital UK LLP grew its position in Charter Communications by 21.4% during the 1st quarter. Egerton Capital UK LLP now owns 2,846,860 shares of the company’s stock worth $987,604,000 after acquiring an additional 502,358 shares during the last quarter. Geode Capital Management LLC grew its position in Charter Communications by 2.5% during the 1st quarter. Geode Capital Management LLC now owns 2,274,515 shares of the company’s stock worth $787,619,000 after acquiring an additional 56,403 shares during the last quarter. Northern Trust Corp grew its position in Charter Communications by 1.5% during the 4th quarter. Northern Trust Corp now owns 1,998,946 shares of the company’s stock worth $569,640,000 after acquiring an additional 28,704 shares during the last quarter. Finally, Norges Bank bought a new stake in Charter Communications during the 4th quarter worth approximately $360,022,000. Institutional investors own 71.92% of the company’s stock.
Charter Communications Company Profile (NASDAQ:CHTR)
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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
See Also: How to invest in a bear market
Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.