Charter Communications, Inc. (NASDAQ:CHTR) Short Interest Update

Charter Communications, Inc. (NASDAQ:CHTRGet Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 10,050,000 shares, a decline of 8.3% from the February 29th total of 10,960,000 shares. Currently, 10.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,600,000 shares, the short-interest ratio is presently 6.3 days.

Analyst Ratings Changes

CHTR has been the subject of a number of research analyst reports. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price for the company in a research report on Monday, March 18th. Benchmark cut their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Barclays cut their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday. Pivotal Research dropped their price objective on Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Finally, UBS Group dropped their price objective on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $401.00.

View Our Latest Research Report on Charter Communications

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CHTR. Parnassus Investments LLC bought a new position in shares of Charter Communications in the third quarter worth $508,684,000. Norges Bank bought a new position in shares of Charter Communications in the fourth quarter worth $310,727,000. Renaissance Technologies LLC increased its holdings in shares of Charter Communications by 462.8% in the first quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock worth $295,345,000 after purchasing an additional 445,200 shares during the period. Capital International Investors increased its holdings in shares of Charter Communications by 6.6% in the fourth quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock worth $2,671,608,000 after purchasing an additional 427,922 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Charter Communications by 507.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 477,631 shares of the company’s stock worth $260,557,000 after purchasing an additional 398,954 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

CHTR stock traded down $6.13 during midday trading on Tuesday, reaching $278.02. 1,075,419 shares of the company’s stock traded hands, compared to its average volume of 1,675,414. The company has a 50-day moving average price of $305.32 and a two-hundred day moving average price of $370.32. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications has a 52 week low of $270.41 and a 52 week high of $458.30. The firm has a market capitalization of $40.38 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96.

Charter Communications (NASDAQ:CHTRGet Free Report) last issued its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The business had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.69 EPS. As a group, equities analysts anticipate that Charter Communications will post 33.33 EPS for the current year.

About Charter Communications

(Get Free Report)

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.

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