Charter Communications (NASDAQ:CHTR) Sets New 12-Month High at $396.52

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.



Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.23). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The company had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts expect that Charter Communications Inc will post 7.2 EPS for the current year.

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.

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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.

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