Charter Communications (CHTR) Bond Prices Fall 1.9%

An issue of Charter Communications, Inc. (NASDAQ:CHTR) bonds fell 1.9% against their face value during trading on Tuesday. The high-yield issue of debt has a 5.375% coupon and is set to mature on May 1, 2047. The debt is now trading at $102.09 and was trading at $102.51 last week. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its stock price.

Several research firms have commented on CHTR. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Moffett Nathanson raised Charter Communications from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $359.00 price target (up previously from $340.00) on shares of Charter Communications in a research report on Thursday, January 4th. Guggenheim raised Charter Communications from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, BidaskClub raised Charter Communications from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Charter Communications presently has an average rating of “Hold” and an average target price of $382.53.

Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded up $2.07 during mid-day trading on Tuesday, hitting $376.57. The company’s stock had a trading volume of 1,234,853 shares, compared to its average volume of 1,399,869. Charter Communications, Inc. has a one year low of $308.30 and a one year high of $408.83. The stock has a market cap of $93,100.00, a P/E ratio of 204.66, a P/E/G ratio of 2.46 and a beta of 1.06. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The company had revenue of $10.46 billion during the quarter, compared to analysts’ expectations of $10.49 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts expect that Charter Communications, Inc. will post 2.09 EPS for the current year.

Several hedge funds have recently made changes to their positions in CHTR. Ameriprise Financial Inc. grew its stake in shares of Charter Communications by 315.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock valued at $503,237,000 after purchasing an additional 1,051,151 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Charter Communications by 2,099.6% in the second quarter. Janus Henderson Group PLC now owns 604,019 shares of the company’s stock valued at $203,464,000 after buying an additional 576,559 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Charter Communications by 623.2% in the third quarter. Brown Advisory Inc. now owns 592,689 shares of the company’s stock valued at $215,394,000 after buying an additional 510,735 shares in the last quarter. Capital World Investors boosted its stake in shares of Charter Communications by 4.1% in the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock valued at $3,441,033,000 after buying an additional 402,167 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of Charter Communications in the second quarter valued at approximately $110,224,000. Institutional investors own 72.13% of the company’s stock.

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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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