Charter Communications (NASDAQ:CHTR) Hits New 12-Month Low – Should You Sell?

Charter Communications, Inc. (NASDAQ:CHTR) hit a new 52-week low during trading on Monday. The company traded as low as $101.11 and last traded at $102.18, with a volume of 2,393,308 shares trading hands. The stock had previously closed at $108.61.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent research reports. BNP Paribas Exane dropped their target price on shares of Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Royal Bank Of Canada reduced their price target on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating on the stock in a report on Monday, July 27th. Citigroup lowered their price target on shares of Charter Communications from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Sanford C. Bernstein reissued a “market perform” rating and set a $150.00 price objective on shares of Charter Communications in a research note on Monday, July 27th. Finally, Arete Research upgraded Charter Communications to a “strong sell” rating in a research report on Thursday, October 1st. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $202.53.

Charter Communications Stock Performance

The company has a market capitalization of $12.19 billion, a PE ratio of 2.65, a price-to-earnings-growth ratio of 0.23 and a beta of 0.70. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The stock’s fifty day simple moving average is $128.45 and its 200-day simple moving average is $145.51.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, beating the consensus estimate of $9.98 by $0.68. The company had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. Charter Communications’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $9.18 EPS. As a group, equities analysts predict that Charter Communications, Inc. will post 42.92 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors have recently added to or reduced their stakes in CHTR. Apollon Wealth Management LLC boosted its stake in shares of Charter Communications by 336.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 21,096 shares of the company’s stock valued at $2,340,000 after buying an additional 16,262 shares during the last quarter. Hilton Head Capital Partners LLC grew its position in shares of Charter Communications by 8,763.3% during the third quarter. Hilton Head Capital Partners LLC now owns 2,659 shares of the company’s stock worth $295,000 after buying an additional 2,629 shares in the last quarter. Signaturefd LLC grew its position in shares of Charter Communications by 1,107.8% during the third quarter. Signaturefd LLC now owns 11,607 shares of the company’s stock worth $1,287,000 after buying an additional 10,646 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of Charter Communications by 550.1% in the third quarter. Citizens Financial Group Inc. RI now owns 23,929 shares of the company’s stock worth $2,654,000 after buying an additional 20,248 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of Charter Communications in the third quarter worth $1,492,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.