Key Points
- Director Mauricio Ramos bought 9,929 shares of Charter Communications at an average price of $140.93, spending about $1.4 million and more than doubling his stake.
- The stock rose 0.6% and was trading around $141.21, near its 52-week low of $136.63 and far below its 52-week high of $430.83.
- Charter recently missed earnings estimates with Q1 EPS of $9.17 versus the expected $10.01, while analysts currently hold a consensus “Reduce” rating and an average price target of $292.
Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) Director Mauricio Ramos purchased 9,929 shares of the company's stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the transaction, the director owned 19,309 shares of the company's stock, valued at $2,721,217.37. This trade represents a 105.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Charter Communications Stock Up 0.6%
CHTR stock opened at $141.21 on Tuesday. The firm has a market cap of $17.37 billion, a PE ratio of 3.81, a P/E/G ratio of 0.24 and a beta of 0.76. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The firm's fifty day moving average is $203.05 and its 200 day moving average is $208.89. Charter Communications, Inc. has a one year low of $136.63 and a one year high of $430.83.
Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.42 EPS. On average, research analysts forecast that Charter Communications, Inc. will post 43 EPS for the current year.
Analyst Upgrades and Downgrades
CHTR has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price objective on Charter Communications from $250.00 to $220.00 and set a "sector perform" rating on the stock in a report on Monday, April 27th. Williams Trading set a $437.00 price objective on Charter Communications in a report on Monday, February 2nd. New Street Research dropped their price objective on Charter Communications from $479.00 to $328.00 and set a "buy" rating on the stock in a report on Thursday, February 5th. Weiss Ratings reissued a "sell (d+)" rating on shares of Charter Communications in a report on Friday, March 27th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Charter Communications in a research report on Monday, January 26th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $292.00.
Read Our Latest Stock Report on CHTR
Institutional Trading of Charter Communications
A number of institutional investors have recently made changes to their positions in the company. Dodge & Cox boosted its stake in shares of Charter Communications by 23.7% in the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company's stock worth $3,049,675,000 after acquiring an additional 2,801,671 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Charter Communications by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company's stock worth $2,139,330,000 after acquiring an additional 885,935 shares during the last quarter. State Street Corp boosted its stake in shares of Charter Communications by 22.7% in the third quarter. State Street Corp now owns 7,961,695 shares of the company's stock worth $2,190,302,000 after acquiring an additional 1,475,383 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Charter Communications by 304.9% in the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company's stock worth $1,005,222,000 after acquiring an additional 3,626,135 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company's stock worth $619,885,000 after acquiring an additional 1,617,148 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.
About Charter Communications
(
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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