Charter Communications (NASDAQ:CHTR) Given New $380.00 Price Target at TD Cowen

Charter Communications (NASDAQ:CHTR) had its target price decreased by investment analysts at TD Cowen from $413.00 to $380.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 201.50% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada lowered their target price on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating for the company in a report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a report on Wednesday, June 24th. UBS Group restated a “neutral” rating and issued a $235.00 target price on shares of Charter Communications in a research note on Thursday, June 25th. New Street Research cut their target price on Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Barclays lowered their price objective on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $236.56.

Charter Communications Stock Up 2.2%

NASDAQ:CHTR traded up $2.73 during mid-day trading on Monday, hitting $126.03. The company had a trading volume of 943,325 shares, compared to its average volume of 2,734,037. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 4.32. Charter Communications has a 1 year low of $111.55 and a 1 year high of $309.40. The business has a fifty day simple moving average of $136.02 and a 200-day simple moving average of $183.82. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 3.28, a PEG ratio of 0.23 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last posted 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. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The firm had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. During the same period in the previous year, the firm earned $9.18 earnings per share. Charter Communications’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts forecast that Charter Communications will post 41.29 earnings per share for the current fiscal year.

Insider Transactions at Charter Communications

In related news, Director Wade Davis purchased 5,728 shares of Charter Communications stock in a transaction on Tuesday, April 28th. The shares were purchased at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the transaction, the director owned 6,925 shares of the company’s stock, valued at approximately $1,203,011. This represents a 478.53% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas Rutledge sold 18,200 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the sale, the director owned 3,968 shares in the company, valued at approximately $583,057.92. This trade represents a 82.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders purchased a total of 20,125 shares of company stock worth $3,167,116 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Charter Communications

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its position in Charter Communications by 141.0% in 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 in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Charter Communications during the first quarter worth $25,000. Quarry LP lifted its stake in shares of Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares during the period. Altshuler Shaham Ltd purchased a new position in Charter Communications during the fourth quarter worth about $25,000. Finally, DV Equities LLC acquired a new stake in Charter Communications during the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

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.