Investors Buy Charter Communications (CHTR) on Weakness

Traders purchased shares of Charter Communications, Inc. (NASDAQ:CHTR) on weakness during trading hours on Monday. $93.51 million flowed into the stock on the tick-up and $39.74 million flowed out of the stock on the tick-down, for a money net flow of $53.77 million into the stock. Of all equities tracked, Charter Communications had the 11th highest net in-flow for the day. Charter Communications traded down ($1.27) for the day and closed at $354.00

Several brokerages have issued reports on CHTR. Barclays downgraded Charter Communications from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $267.01 to $283.00 in a research report on Monday, December 4th. Macquarie reiterated a “buy” rating and issued a $430.00 price objective on shares of Charter Communications in a research report on Tuesday, October 3rd. BidaskClub upgraded Charter Communications from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. Pivotal Research reiterated a “buy” rating and issued a $420.00 price objective (up previously from $405.00) on shares of Charter Communications in a research report on Friday, October 27th. Finally, Moffett Nathanson reiterated a “neutral” rating on shares of Charter Communications in a research report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $382.53.

The company has a market cap of $88,007.94, a P/E ratio of 119.64, a P/E/G ratio of 2.54 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). The firm had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. analysts predict that Charter Communications, Inc. will post 2.22 EPS for the current fiscal year.

In related news, CFO Christopher L. Winfrey acquired 3,100 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the purchase, the chief financial officer now directly owns 49,916 shares in the company, valued at $16,153,316.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. MML Investors Services LLC grew its stake in shares of Charter Communications by 1.3% during the second quarter. MML Investors Services LLC now owns 842 shares of the company’s stock worth $284,000 after purchasing an additional 11 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Charter Communications by 5.9% during the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock worth $194,000 after purchasing an additional 38 shares during the period. Colony Group LLC grew its stake in shares of Charter Communications by 6.8% during the second quarter. Colony Group LLC now owns 813 shares of the company’s stock worth $274,000 after purchasing an additional 52 shares during the period. Nordea Investment Management AB grew its stake in shares of Charter Communications by 0.5% during the second quarter. Nordea Investment Management AB now owns 10,744 shares of the company’s stock worth $3,619,000 after purchasing an additional 55 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co grew its stake in shares of Charter Communications by 11.9% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 755 shares of the company’s stock worth $254,000 after purchasing an additional 80 shares during the period. 72.15% of the stock is owned by institutional investors and hedge funds.

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Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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