Traders Buy Shares of Charter Communications (CHTR) on Weakness

Investors bought shares of Charter Communications, Inc. (NASDAQ:CHTR) on weakness during trading on Friday. $93.51 million flowed into the stock on the tick-up and $39.74 million flowed out of the stock on the tick-down, for a money net flow of $53.77 million into the stock. Of all stocks tracked, Charter Communications had the 11th highest net in-flow for the day. Charter Communications traded down ($1.27) for the day and closed at $354.00

A number of equities research analysts recently weighed in on CHTR shares. Evercore ISI boosted their price target on shares of Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Royal Bank of Canada reissued a “buy” rating and set a $420.00 price target on shares of Charter Communications in a research note on Monday, September 18th. Macquarie reissued a “buy” rating and set a $430.00 price target on shares of Charter Communications in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “hold” rating and set a $365.00 price target on shares of Charter Communications in a research note on Wednesday, October 4th. Finally, Moffett Nathanson reissued a “neutral” rating on shares of Charter Communications in a research note on Monday, October 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $382.53.

The firm has a market capitalization of $88,320.00, a price-to-earnings ratio of 192.39, a PEG ratio of 2.60 and a beta of 1.06. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The firm had revenue of $10.46 billion for the quarter, compared to analyst estimates 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 firm posted $0.69 EPS. equities research analysts predict that Charter Communications, Inc. will post 2.21 earnings per share for the current year.

In other news, CFO Christopher L. Winfrey acquired 3,100 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the acquisition, the chief financial officer now owns 49,916 shares in the company, valued at $16,153,316.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in CHTR. Ameriprise Financial Inc. boosted its holdings in shares of Charter Communications by 315.1% in the third quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock valued at $503,237,000 after buying an additional 1,051,151 shares during the period. Janus Henderson Group PLC boosted its holdings 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 during the period. Brown Advisory Inc. boosted its holdings 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 during the period. BlackRock Inc. boosted its holdings in shares of Charter Communications by 4.1% in the second quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock valued at $4,281,266,000 after buying an additional 496,574 shares during the period. Finally, Capital World Investors boosted its holdings 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 during the period. Institutional investors own 72.16% 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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