CHTR has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Charter Communications from a buy rating to a hold rating in a research report on Wednesday, March 6th. Credit Suisse Group reaffirmed a neutral rating and set a $345.00 price objective (up previously from $294.00) on shares of Charter Communications in a research report on Friday, February 1st. TD Securities started coverage on shares of Charter Communications in a research report on Wednesday, January 16th. They set a buy rating and a $385.00 price objective for the company. Nomura started coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They issued a neutral rating and a $330.00 target price on the stock. Finally, Royal Bank of Canada set a $400.00 target price on shares of Charter Communications and gave the company a buy rating in a research note on Saturday, February 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $365.88.
Charter Communications stock opened at $386.41 on Wednesday. The firm has a market cap of $84.27 billion, a price-to-earnings ratio of 74.02, a PEG ratio of 1.18 and a beta of 1.40. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications has a fifty-two week low of $259.48 and a fifty-two week high of $387.41.
In other news, Director Craig A. Jacobson sold 1,325 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $375.18, for a total transaction of $497,113.50. Following the sale, the director now directly owns 12,773 shares of the company’s stock, valued at $4,792,174.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John D. Markley, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $350.09, for a total transaction of $350,090.00. The disclosure for this sale can be found here. Insiders have sold 4,344 shares of company stock worth $1,551,491 over the last ninety days. Insiders own 0.84% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CHTR. Macquarie Group Ltd. raised its position in shares of Charter Communications by 31.4% in the 3rd quarter. Macquarie Group Ltd. now owns 4,600 shares of the company’s stock worth $1,499,000 after buying an additional 1,100 shares during the period. Standard Life Aberdeen plc raised its position in shares of Charter Communications by 9.8% in the 3rd quarter. Standard Life Aberdeen plc now owns 59,743 shares of the company’s stock worth $19,470,000 after buying an additional 5,310 shares during the period. Legal & General Group Plc raised its position in Charter Communications by 1.4% in the third quarter. Legal & General Group Plc now owns 785,747 shares of the company’s stock valued at $256,059,000 after purchasing an additional 10,808 shares during the period. Morgan Stanley raised its position in Charter Communications by 1.1% in the third quarter. Morgan Stanley now owns 955,767 shares of the company’s stock valued at $311,467,000 after purchasing an additional 9,976 shares during the period. Finally, Rehmann Capital Advisory Group raised its position in Charter Communications by 6.6% in the third quarter. Rehmann Capital Advisory Group now owns 1,067 shares of the company’s stock valued at $348,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 74.48% of the company’s stock.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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