Charter Communications Inc (NASDAQ:CHTR) Short Interest Update

Charter Communications Inc (NASDAQ:CHTR) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 9,533,500 shares, a decrease of 6.0% from the July 31st total of 10,137,100 shares. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is currently 8.7 days. Approximately 5.9% of the company’s stock are short sold.

Charter Communications stock traded down $4.82 during trading hours on Monday, reaching $420.70. 14,685 shares of the company were exchanged, compared to its average volume of 1,059,612. The firm has a market cap of $94.13 billion, a price-to-earnings ratio of 80.91, a PEG ratio of 1.53 and a beta of 1.22. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.67. The stock has a 50-day moving average of $396.60 and a 200 day moving average of $379.90. Charter Communications has a 12 month low of $272.91 and a 12 month high of $431.43.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). The company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.40 billion. Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 EPS. As a group, research analysts forecast that Charter Communications will post 6.58 EPS for the current year.



A number of equities analysts recently commented on the company. Bank of America restated a “buy” rating and issued a $450.00 price objective (up previously from $425.00) on shares of Charter Communications in a report on Tuesday, July 30th. Citigroup assumed coverage on Charter Communications in a report on Thursday, June 13th. They issued a “buy” rating and a $480.00 price objective on the stock. Wells Fargo & Co assumed coverage on Charter Communications in a report on Tuesday, August 27th. They issued a “market perform” rating and a $400.00 price objective on the stock. TD Securities dropped their price objective on Charter Communications from $460.00 to $450.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Finally, BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Charter Communications has a consensus rating of “Hold” and a consensus price target of $415.21.

In related news, Director Lance Conn sold 927 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total value of $370,800.00. Following the transaction, the director now owns 9,552 shares in the company, valued at $3,820,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the completion of the transaction, the director now owns 11,773 shares in the company, valued at approximately $4,588,879.94. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Charter Communications in the second quarter valued at approximately $34,000. Rational Advisors LLC grew its holdings in shares of Charter Communications by 230.3% during the 1st quarter. Rational Advisors LLC now owns 109 shares of the company’s stock worth $38,000 after acquiring an additional 76 shares during the period. TCG Advisors LP purchased a new position in shares of Charter Communications during the 1st quarter worth approximately $42,000. Ibex Wealth Advisors purchased a new position in shares of Charter Communications during the 2nd quarter worth approximately $49,000. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Charter Communications in the 2nd quarter worth approximately $66,000. 72.14% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Company Profile

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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