An issue of Charter Communications, Inc. (NASDAQ:CHTR) debt fell 0.9% against its face value during trading on Monday. The debt issue has a 5.375% coupon and will mature on May 1, 2047. The debt is now trading at $97.47 and was trading at $98.07 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.
A number of equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Charter Communications from $283.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a research report on Monday. Pivotal Research restated a “buy” rating and issued a $500.00 price objective (up previously from $420.00) on shares of Charter Communications in a research report on Monday, February 5th. TheStreet upgraded shares of Charter Communications from a “c” rating to a “b+” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks boosted their price objective on shares of Charter Communications to $440.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Charter Communications presently has a consensus rating of “Buy” and an average target price of $407.17.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded up $11.63 during midday trading on Monday, hitting $359.22. 1,936,523 shares of the company traded hands, compared to its average volume of 1,500,000. Charter Communications, Inc. has a one year low of $308.30 and a one year high of $408.83. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $82,900.00, a PE ratio of 10.54, a P/E/G ratio of 3.83 and a beta of 1.21.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. Charter Communications’s quarterly revenue was up 3.2% on a year-over-year basis. equities analysts anticipate that Charter Communications, Inc. will post 4.32 EPS for the current year.
In related news, EVP Jonathan Hargis sold 27,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the transaction, the executive vice president now owns 34,931 shares in the company, valued at $12,741,431.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Westport Asset Management Inc. grew its holdings in Charter Communications by 37.0% in the fourth quarter. Westport Asset Management Inc. now owns 5,559 shares of the company’s stock worth $1,873,000 after purchasing an additional 1,500 shares during the period. Xact Kapitalforvaltning AB grew its holdings in Charter Communications by 1.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 36,904 shares of the company’s stock worth $12,398,000 after purchasing an additional 399 shares during the period. Envestnet Asset Management Inc. grew its holdings in Charter Communications by 9.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,683 shares of the company’s stock worth $1,573,000 after purchasing an additional 405 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Charter Communications by 48.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,170 shares of the company’s stock worth $3,417,000 after purchasing an additional 3,300 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in Charter Communications by 19.6% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 37,180 shares of the company’s stock worth $12,491,000 after purchasing an additional 6,100 shares during the period. Institutional investors and hedge funds own 72.29% 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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