Charter Communications (NASDAQ:CHTR) Stock Price Down 7.1% – Should You Sell?

Charter Communications, Inc. (NASDAQ:CHTR)’s share price dropped 7.1% during trading on Wednesday . The company traded as low as $136.34 and last traded at $135.37. 1,930,372 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 2,745,442 shares. The stock had previously closed at $145.74.

Analyst Ratings Changes

CHTR has been the topic of several research reports. Bank of America reissued a “buy” rating on shares of Charter Communications in a report on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price target on shares of Charter Communications in a report on Monday, July 27th. Royal Bank Of Canada decreased their target price on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Monday, July 27th. UBS Group decreased their price target on Charter Communications from $235.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Finally, Wells Fargo & Company dropped their price objective on Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $226.88.

Charter Communications Trading Down 7.5%

The firm has a 50-day moving average of $143.53 and a 200 day moving average of $170.04. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of 3.50, a PEG ratio of 0.32 and a beta of 0.69.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.98 by $0.68. The firm had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. Charter Communications’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.18 EPS. As a group, equities analysts predict that Charter Communications, Inc. will post 42.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several large investors have recently made changes to their positions in CHTR. Advisory Services Network LLC grew its holdings in shares of Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after acquiring an additional 38 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after acquiring an additional 41 shares in the last quarter. Occudo Quantitative Strategies LP increased its position in Charter Communications by 1.4% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after purchasing an additional 41 shares during the last quarter. Pure Financial Advisors LLC raised its stake in shares of Charter Communications by 4.1% during the 4th quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Charter Communications by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

About Charter Communications

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.