Charter Communications (NASDAQ:CHTR) Share Price Passes Above 200-Day Moving Average of $418.96

Shares of Charter Communications Inc (NASDAQ:CHTR) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $418.96 and traded as high as $467.32. Charter Communications shares last traded at $466.91, with a volume of 40,542 shares trading hands.

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Charter Communications in a report on Wednesday, October 16th. They issued an “outperform” rating for the company. Pivotal Research boosted their price target on shares of Charter Communications from $500.00 to $600.00 in a report on Friday, October 25th. Barclays reissued a “sell” rating and issued a $338.00 price target on shares of Charter Communications in a report on Tuesday, October 15th. Citigroup boosted their price target on shares of Charter Communications from $455.00 to $483.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, BidaskClub lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $455.52.

The firm’s 50-day simple moving average is $468.92 and its 200 day simple moving average is $419.88. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $100.06 billion, a P/E ratio of 90.96, a PEG ratio of 1.80 and a beta of 1.20.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 25th. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.66 by $0.08. Charter Communications had a net margin of 2.76% and a return on equity of 2.91%. The firm had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.42 billion. During the same period in the previous year, the firm posted $2.11 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts expect that Charter Communications Inc will post 6.8 earnings per share for the current fiscal year.

In other news, Director Lance Conn sold 1,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $460.87, for a total value of $460,870.00. Following the sale, the director now directly owns 7,552 shares of the company’s stock, valued at approximately $3,480,490.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David C. Merritt sold 1,200 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $474.47, for a total transaction of $569,364.00. Following the completion of the sale, the director now directly owns 9,276 shares in the company, valued at $4,401,183.72. The disclosure for this sale can be found here. Insiders have sold a total of 3,434 shares of company stock worth $1,603,797 over the last three months. Insiders own 0.84% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC bought a new position in Charter Communications in the 3rd quarter valued at about $28,000. Ropes Wealth Advisors LLC raised its holdings in Charter Communications by 62.5% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 78 shares of the company’s stock valued at $32,000 after acquiring an additional 30 shares during the period. Massey Quick Simon & CO. LLC bought a new position in Charter Communications in the 3rd quarter valued at about $35,000. Mechanics Bank Trust Department bought a new position in Charter Communications in the 3rd quarter valued at about $38,000. Finally, North Star Investment Management Corp. bought a new position in Charter Communications in the 3rd quarter valued at about $65,000. 72.89% of the stock is currently owned by hedge funds and other institutional investors.

About Charter Communications (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.

Recommended Story: What is the quiet period?

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.