Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Target Price at $278.50

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been assigned a consensus rating of “Reduce” from the twenty brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $262.5625.

A number of research firms recently issued reports on CHTR. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research report on Wednesday, June 24th. Citigroup reduced their price target on Charter Communications from $230.00 to $190.00 and set a “buy” rating for the company in a report on Monday, June 29th. Sanford C. Bernstein reissued a “market perform” rating and issued a $210.00 price target on shares of Charter Communications in a research note on Tuesday, May 26th. Bank of America dropped their price objective on Charter Communications from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Benchmark cut their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd.

Charter Communications Price Performance

CHTR stock opened at $137.20 on Friday. Charter Communications has a 12-month low of $124.05 and a 12-month high of $422.29. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 3.71, a PEG ratio of 0.24 and a beta of 0.71. The company has a 50 day moving average of $145.77 and a two-hundred day moving average of $192.11.

Charter Communications (NASDAQ:CHTR) last posted 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). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter in the prior year, the firm earned $8.42 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts anticipate that Charter Communications will post 42.28 earnings per share for the current fiscal year.

Insider Activity at Charter Communications

In other Charter Communications news, Director Wade Davis purchased 5,728 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the acquisition, the director owned 6,925 shares of the company’s stock, valued at $1,203,011. This trade represents a 478.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher L. Winfrey acquired 3,468 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $172.23 per share, with a total value of $597,293.64. Following the completion of the acquisition, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at $12,815,462.07. This represents a 4.89% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 20,125 shares of company stock worth $3,167,116 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CHTR. Advisory Services Network LLC grew its holdings in Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after buying an additional 38 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in Charter Communications by 1.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after purchasing an additional 41 shares during the last quarter. Occudo Quantitative Strategies LP raised its stake in Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after purchasing an additional 41 shares during the last quarter. Pure Financial Advisors LLC boosted its holdings in Charter Communications by 4.1% in the 4th quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock valued at $233,000 after purchasing an additional 44 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in Charter Communications by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after purchasing an additional 49 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Company Profile

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.