Charter Communications (NASDAQ:CHTR) Shares Gap Down – Time to Sell?

Shares of Charter Communications, Inc. (NASDAQ:CHTR) gapped down before the market opened on Thursday . The stock had previously closed at $359.33, but opened at $336.20. Charter Communications shares last traded at $340.98, with a volume of 472,759 shares traded.

Analysts Set New Price Targets

A number of analysts have weighed in on CHTR shares. Wells Fargo & Company raised their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research note on Tuesday, November 26th. Royal Bank of Canada lowered their price objective on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 15th. Morgan Stanley boosted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Barclays increased their price target on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus target price of $383.89.

Charter Communications Stock Performance

The business has a 50 day moving average of $363.28 and a 200-day moving average of $352.78. The company has a market capitalization of $49.13 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. During the same period in the prior year, the business earned $7.07 EPS. On average, sell-side analysts predict that Charter Communications, Inc. will post 34.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Institutional investors and hedge funds have recently made changes to their positions in the business. Reston Wealth Management LLC purchased a new position in shares of Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications during the 3rd quarter worth $28,000. Avior Wealth Management LLC increased its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new stake in Charter Communications during the fourth quarter worth about $32,000. Finally, Grove Bank & Trust increased its position in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.