Moffett Nathanson reissued their neutral rating on shares of Charter Communications, Inc. (NASDAQ:CHTR) in a research note released on Monday, October 16th.
CHTR has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) restated a neutral rating on shares of Charter Communications in a research note on Wednesday, June 28th. BidaskClub cut Charter Communications from a buy rating to a hold rating in a research note on Thursday, June 22nd. HSBC Holdings plc restated a hold rating and issued a $360.00 target price (up previously from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Telsey Advisory Group upgraded Charter Communications from a market perform rating to an outperform rating and raised their target price for the company from $340.00 to $450.00 in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company restated a market perform rating and issued a $372.00 target price (up previously from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Twelve research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Charter Communications has an average rating of Buy and an average target price of $379.18.
Shares of Charter Communications (NASDAQ:CHTR) opened at 319.76 on Monday. The firm has a 50-day moving average of $365.69 and a 200 day moving average of $354.41. The company has a market cap of $82.46 billion, a price-to-earnings ratio of 91.60 and a beta of 1.10. Charter Communications has a one year low of $241.50 and a one year high of $408.83.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The business had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. Charter Communications’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. Equities research analysts anticipate that Charter Communications will post $0.60 EPS for the current year.
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In other news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total value of $4,379,424.00. Following the transaction, the executive vice president now directly owns 18,025 shares in the company, valued at $7,191,975. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in CHTR. Cornerstone Advisors Inc. lifted its position in shares of Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after acquiring an additional 16 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after acquiring an additional 93 shares in the last quarter. Huntington National Bank purchased a new position in shares of Charter Communications in the third quarter valued at about $128,000. Barrett Asset Management LLC lifted its position in shares of Charter Communications by 118.7% in the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after acquiring an additional 216 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.
Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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