Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) Director Balan Nair acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average price of $175.46 per share, for a total transaction of $175,460.00. Following the completion of the acquisition, the director owned 12,029 shares of the company's stock, valued at $2,110,608.34. This trade represents a 9.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Charter Communications Price Performance
Shares of NASDAQ CHTR opened at $173.11 on Wednesday. The firm has a market cap of $21.92 billion, a PE ratio of 4.67, a PEG ratio of 0.27 and a beta of 1.03. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 4.56. Charter Communications, Inc. has a 1-year low of $170.77 and a 1-year high of $437.06. The company has a fifty day moving average price of $222.08 and a 200 day moving average price of $217.39.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts' consensus estimates of $10.01 by ($0.84). The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.Charter Communications's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $8.42 earnings per share. Research analysts predict that Charter Communications, Inc. will post 43.39 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages recently weighed in on CHTR. Citigroup reduced their target price on shares of Charter Communications from $290.00 to $230.00 and set a "buy" rating for the company in a research note on Monday. Sanford C. Bernstein reduced their target price on shares of Charter Communications from $220.00 to $210.00 and set a "market perform" rating for the company in a research note on Monday. UBS Group set a $425.00 target price on shares of Charter Communications in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Charter Communications from $235.00 to $215.00 and set a "hold" rating for the company in a research note on Monday. Finally, The Goldman Sachs Group decreased their target price on shares of Charter Communications from $210.00 to $185.00 and set a "sell" rating for the company in a research report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $321.59.
Get Our Latest Stock Analysis on Charter Communications
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. California First Leasing Corp grew its position in Charter Communications by 100.1% in the first quarter. California First Leasing Corp now owns 24,772 shares of the company's stock valued at $5,348,000 after purchasing an additional 12,390 shares in the last quarter. V Square Quantitative Management LLC grew its position in Charter Communications by 3.9% in the first quarter. V Square Quantitative Management LLC now owns 2,768 shares of the company's stock valued at $598,000 after purchasing an additional 104 shares in the last quarter. PFG Investments LLC grew its position in Charter Communications by 25.0% in the first quarter. PFG Investments LLC now owns 2,404 shares of the company's stock valued at $519,000 after purchasing an additional 481 shares in the last quarter. New York State Teachers Retirement System grew its position in Charter Communications by 2.2% in the first quarter. New York State Teachers Retirement System now owns 78,144 shares of the company's stock valued at $16,870,000 after purchasing an additional 1,683 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Charter Communications by 72.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,449 shares of the company's stock valued at $4,415,000 after purchasing an additional 8,560 shares in the last quarter. Institutional investors own 81.76% of the company's stock.
Charter Communications News Roundup
Here are the key news stories impacting Charter Communications this week:
- Positive Sentiment: CEO Christopher Winfrey bought 3,468 shares (~$172.23 avg), increasing his holdings ~4.9%; SEC filing here: CEO Form 4
- Positive Sentiment: Director Balan Nair purchased 1,000 shares (~$175.46 avg), a ~9.1% increase in his position; SEC filing here: Director Form 4
- Positive Sentiment: Opinion/coverage arguing the market is over‑penalizing CHTR and urging investors to stop valuing it “like it’s going out of business” — a bullish narrative that can support a rebound in sentiment: Stop Valuing CHTR Stock Like It Is Going Out Of Business
- Neutral Sentiment: Industry breadth note — coverage saying Russell 1000 signals fresh industry momentum; could help peers and lift sentiment for CHTR if broadband/video demand strengthens: Russell 1000 Industry Momentum
- Negative Sentiment: Earnings miss: Q1 EPS $9.17 vs. $10.01 expected; revenue $13.6B (-1.0% YoY) with residential video weakness — results weigh on near‑term sentiment and valuation. Company release / analyst coverage: Earnings Miss Coverage
- Negative Sentiment: Multiple broker price‑target cuts this week (examples): Deutsche Bank cut PT to $215 (hold) — Deutsche Bank PT Cut; Citi lowered PT to $230 (still buy) — Citi PT Cut; RBC and Bernstein also trimmed targets. These trims compress upside expectations and pressure the stock.
- Negative Sentiment: Balance‑sheet/valuation considerations: stock trades well below its 50/200‑day averages and carries high leverage (debt/equity ~4.6), factors that make investors cautious despite low reported P/E. Background data source: MarketBeat summary.
Charter Communications Company Profile
(
Get Free Report)
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.
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