Barclays Has Lowered Expectations for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR) had its target price decreased by stock analysts at Barclays from $200.00 to $130.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price target would indicate a potential downside of 5.81% from the stock’s current price.

CHTR has been the topic of a number of other research reports. Freedom Capital upgraded Charter Communications to a “hold” rating in a research report on Friday, June 12th. New Street Research lowered their price objective on Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research note on Wednesday, June 24th. JPMorgan Chase & Co. initiated coverage on shares of Charter Communications in a research report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Charter Communications presently has an average rating of “Reduce” and an average price target of $255.69.

Charter Communications Trading Up 1.9%

CHTR opened at $138.02 on Wednesday. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications has a fifty-two week low of $124.05 and a fifty-two week high of $413.14. The company’s 50 day moving average price is $142.80 and its two-hundred day moving average price is $190.95. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 3.73, a PEG ratio of 0.24 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. During the same period in the previous year, the business posted $8.42 EPS. Charter Communications’s revenue was down 1.0% on a year-over-year basis. As a group, research analysts predict that Charter Communications will post 42.28 earnings per share for the current year.

Insider Transactions at Charter Communications

In other news, Director Mauricio Ramos bought 9,929 shares of Charter Communications stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $140.93 per share, for a total transaction of $1,399,293.97. Following the purchase, the director directly owned 19,309 shares in the company, valued at approximately $2,721,217.37. This represents a 105.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Rutledge sold 18,200 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total value of $2,674,308.00. Following the completion of the sale, the director directly owned 3,968 shares of the company’s stock, valued at $583,057.92. The trade was a 82.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders purchased 20,125 shares of company stock valued at $3,167,116. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Charter Communications

Several hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC increased its stake in Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after purchasing an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Charter Communications by 16.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after buying an additional 128 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Charter Communications by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after purchasing an additional 435 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Charter Communications by 451.1% during the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after buying an additional 600 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.