Charter Communications (CHTR) Debt Trading 1.1% Higher

An issue of Charter Communications, Inc. (NASDAQ:CHTR) debt rose 1.1% against its face value during trading on Wednesday. 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 $103.60 and was trading at $102.44 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

Several brokerages have recently weighed in on CHTR. Wells Fargo & Co reissued a “market perform” rating and issued a $359.00 price target (up previously from $340.00) on shares of Charter Communications in a research note on Thursday, January 4th. Robert W. Baird restated a “hold” rating and set a $365.00 target price on shares of Charter Communications in a research report on Wednesday, October 4th. Guggenheim upgraded Charter Communications from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Moffett Nathanson upgraded Charter Communications from a “neutral” rating to a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada restated a “buy” rating and set a $420.00 target price on shares of Charter Communications in a research report on Monday, September 18th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $382.53.

Charter Communications, Inc. (NASDAQ CHTR) opened at $350.83 on Thursday. Charter Communications, Inc. has a fifty-two week low of $292.84 and a fifty-two week high of $408.83. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $88,200.00, a P/E ratio of 190.67, a PEG ratio of 2.60 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last posted its earnings results 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 company had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. sell-side analysts forecast that Charter Communications, Inc. will post 2.21 EPS for the current fiscal year.

In other Charter Communications news, CFO Christopher L. Winfrey purchased 3,100 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CHTR. Huntington National Bank purchased a new stake in Charter Communications in the third quarter worth $128,000. CLS Investments LLC increased its position in Charter Communications by 4,733.3% in the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after buying an additional 426 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Charter Communications in the third quarter worth $180,000. Quadrant Capital Group LLC increased its position in Charter Communications by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock worth $194,000 after buying an additional 38 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new stake in Charter Communications in the third quarter worth $209,000. 72.16% of the stock is owned by institutional investors.

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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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