Charter Communications (NASDAQ:CHTR) Reaches New 12-Month Low – Should You Sell?

Charter Communications, Inc. (NASDAQ:CHTRGet Free Report)’s share price hit a new 52-week low on Wednesday . The company traded as low as $146.00 and last traded at $147.92, with a volume of 2546216 shares changing hands. The stock had previously closed at $147.79.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of research reports. Royal Bank Of Canada lowered their price target on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. TD Cowen raised their price target on shares of Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Wells Fargo & Company raised their price target on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Finally, Sanford C. Bernstein lowered their price target on shares of Charter Communications from $220.00 to $210.00 and set a “market perform” rating for the company in a report on Monday, April 27th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus price target of $315.67.

Read Our Latest Stock Report on Charter Communications

Charter Communications Stock Up 0.1%

The business’s fifty day simple moving average is $210.08 and its 200 day simple moving average is $211.77. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 3.99, a price-to-earnings-growth ratio of 0.25 and a beta of 0.76.

Charter Communications (NASDAQ:CHTRGet Free Report) last released its earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same period in the prior year, the firm posted $8.42 EPS. Charter Communications’s revenue was down 1.0% on a year-over-year basis. Equities analysts forecast that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Charter Communications news, Director Balan Nair bought 1,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was purchased at an average price of $175.46 per share, with a total value of $175,460.00. Following the acquisition, the director owned 12,029 shares of the company’s stock, valued at approximately $2,110,608.34. The trade was a 9.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher L. Winfrey bought 3,468 shares of the stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of $172.23 per share, with a total value of $597,293.64. Following the acquisition, the chief executive officer directly owned 74,409 shares in the company, valued at approximately $12,815,462.07. This trade represents a 4.89% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 10,196 shares of company stock valued at $1,767,822. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Charter Communications

A number of institutional investors have recently bought and sold shares of CHTR. Advisory Services Network LLC lifted its position in shares of Charter Communications by 3.8% during the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after buying an additional 38 shares during the last quarter. Occudo Quantitative Strategies LP lifted its position in shares of Charter Communications by 1.4% during the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after buying an additional 41 shares during the last quarter. Orion Porfolio Solutions LLC lifted its position 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 valued at $988,000 after buying an additional 41 shares during the last quarter. Pure Financial Advisors LLC raised its position in shares of Charter Communications by 4.1% in the 4th quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock valued at $233,000 after purchasing an additional 44 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Charter Communications by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

About Charter Communications

(Get Free Report)

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.

Further Reading

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