Charter Communications (NASDAQ:CHTR) Sets New 1-Year Low – Time to Sell?

Charter Communications, Inc. (NASDAQ:CHTR) shares hit a new 52-week low on Thursday . The stock traded as low as $244.19 and last traded at $244.94, with a volume of 2257951 shares. The stock had previously closed at $252.52.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHTR. Wells Fargo & Company began coverage on Charter Communications in a report on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 price objective for the company. KeyCorp decreased their price objective on Charter Communications from $500.00 to $430.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Royal Bank Of Canada decreased their price objective on Charter Communications from $370.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday, October 6th. The Goldman Sachs Group assumed coverage on Charter Communications in a report on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Charter Communications from $370.00 to $325.00 and set a “hold” rating for the company in a report on Monday, October 6th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $373.71.

Charter Communications Stock Up 0.1%

The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. The firm has a market cap of $33.36 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05. The stock has a fifty day simple moving average of $264.77 and a two-hundred day simple moving average of $332.06.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). The company had revenue of $13.77 billion for the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.49 EPS. As a group, sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insider Transactions at Charter Communications

In other Charter Communications news, CEO Christopher L. Winfrey purchased 3,670 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the transaction, the chief executive officer owned 70,243 shares in the company, valued at $19,183,363.30. The trade was a 5.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Balan Nair purchased 360 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $274.21 per share, with a total value of $98,715.60. Following the transaction, the director owned 9,622 shares in the company, valued at approximately $2,638,448.62. The trade was a 3.89% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.83% of the company’s stock.

Institutional Trading of Charter Communications

Large investors have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC boosted its position in shares of Charter Communications by 25.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock valued at $6,028,000 after acquiring an additional 2,990 shares during the last quarter. Fulton Breakefield Broenniman LLC bought a new stake in shares of Charter Communications during the 2nd quarter valued at about $789,000. Caledonia Investments PLC boosted its position in shares of Charter Communications by 8.3% during the 2nd quarter. Caledonia Investments PLC now owns 153,200 shares of the company’s stock valued at $62,628,000 after acquiring an additional 11,800 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Charter Communications in the 2nd quarter worth approximately $39,695,000. Finally, WBI Investments LLC bought a new stake in Charter Communications in the 1st quarter worth approximately $733,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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.