Charter Communications (NASDAQ:CHTR) Shares Up 3.6% – What’s Next?

Charter Communications, Inc. (NASDAQ:CHTR) rose 3.6% during mid-day trading on Tuesday . The company traded as high as $335.00 and last traded at $326.67. Approximately 258,266 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,364,445 shares. The stock had previously closed at $315.41.

Analyst Ratings Changes

CHTR has been the subject of several recent research reports. Barclays increased their target price on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Royal Bank of Canada initiated coverage on shares of Charter Communications in a research note on Thursday, September 19th. They set a “sector perform” rating and a $345.00 price objective for the company. TD Cowen lifted their target price on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a report on Wednesday, September 11th. Finally, Rosenblatt Securities raised their price target on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $356.41.

Charter Communications Price Performance

The company’s 50-day moving average price is $334.89 and its two-hundred day moving average price is $308.49. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $47.85 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The business had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. Charter Communications’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.05 EPS. As a group, sell-side analysts expect that Charter Communications, Inc. will post 32.42 EPS for the current year.

Institutional Trading of Charter Communications

Hedge funds have recently added to or reduced their stakes in the company. Aspiriant LLC increased its position in Charter Communications by 9.7% during the 1st quarter. Aspiriant LLC now owns 1,681 shares of the company’s stock worth $489,000 after buying an additional 148 shares during the period. Sendero Wealth Management LLC raised its stake in Charter Communications by 15.2% in the 1st quarter. Sendero Wealth Management LLC now owns 16,515 shares of the company’s stock worth $4,800,000 after purchasing an additional 2,177 shares in the last quarter. Aviance Capital Partners LLC raised its stake in Charter Communications by 5.0% in the 1st quarter. Aviance Capital Partners LLC now owns 8,412 shares of the company’s stock worth $2,445,000 after purchasing an additional 397 shares in the last quarter. Hi Line Capital Management LLC bought a new stake in Charter Communications in the 1st quarter valued at about $5,535,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Charter Communications by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 242,254 shares of the company’s stock worth $70,406,000 after purchasing an additional 1,467 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.