Charter Communications (CHTR) Bonds Trading 0.9% Higher
An issue of Charter Communications, Inc. (NASDAQ:CHTR) debt rose 0.9% against its face value during trading on Tuesday. The debt issue has a 5.375% coupon and will mature on May 1, 2047. The debt is now trading at $103.42. Price moves in a company’s debt in credit markets often predict parallel moves in its share price.
Several analysts have commented on the stock. Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $340.00 to $450.00 in a research note on Wednesday, August 9th. UBS reiterated a “buy” rating and issued a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. SunTrust Banks reiterated a “buy” rating and issued a $380.00 price target on shares of Charter Communications in a research note on Friday, October 27th. Pivotal Research reiterated a “buy” rating and issued a $420.00 price target (up previously from $405.00) on shares of Charter Communications in a research note on Friday, October 27th. Finally, Barclays cut shares of Charter Communications from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $267.01 to $283.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $378.12.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at $330.95 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. The stock has a market cap of $83,035.74, a PE ratio of 207.45, a PEG ratio of 6.22 and a beta of 1.05. Charter Communications, Inc. has a 1 year low of $271.32 and a 1 year high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.77). The business had revenue of $10.46 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. sell-side analysts anticipate that Charter Communications, Inc. will post 2.21 earnings per share for the current fiscal year.
In other news, CFO Christopher L. Winfrey purchased 3,100 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the acquisition, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.
A number of large investors have recently modified their holdings of CHTR. Parallel Advisors LLC grew its holdings in Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after purchasing an additional 93 shares during the last quarter. Huntington National Bank bought a new position in Charter Communications during the 3rd quarter valued at about $128,000. Barrett Asset Management LLC grew its holdings in Charter Communications by 118.7% during the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after purchasing an additional 216 shares during the last quarter. Bessemer Group Inc. grew its holdings in Charter Communications by 50.7% during the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after purchasing an additional 151 shares during the last quarter. Finally, CLS Investments LLC grew its holdings in Charter Communications by 4,733.3% during the 3rd quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after purchasing an additional 426 shares during the last quarter. Institutional investors own 72.22% of the company’s stock.
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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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