Charter Communications (CHTR) Bonds Rise 0.9% During Trading

An issue of Charter Communications, Inc. (NASDAQ:CHTR) debt rose 0.9% against its face value during trading on Thursday. The debt issue has a 5.375% coupon and is set to mature on May 1, 2047. The debt is now trading at $101.99 and was trading at $102.36 last week. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.

A number of analysts have recently weighed in on CHTR shares. Barclays lowered Charter Communications from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $267.01 to $283.00 in a research note on Monday, December 4th. Macquarie reiterated a “buy” rating and issued a $430.00 price objective on shares of Charter Communications in a report on Tuesday, October 3rd. Pivotal Research reiterated a “buy” rating and issued a $420.00 price objective (up previously from $405.00) on shares of Charter Communications in a report on Friday, October 27th. Moffett Nathanson reiterated a “neutral” rating on shares of Charter Communications in a report on Monday, October 16th. Finally, Evercore ISI increased their price objective on Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $383.21.

Shares of Charter Communications, Inc. (CHTR) traded up $5.26 during trading hours on Friday, reaching $338.20. The company’s stock had a trading volume of 1,459,668 shares, compared to its average volume of 2,133,297. The stock has a market capitalization of $82,772.21, a PE ratio of 114.64, a price-to-earnings-growth ratio of 6.20 and a beta of 1.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a fifty-two week low of $282.54 and a fifty-two week high of $408.83.

Charter Communications (NASDAQ:CHTR) last issued 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 the consensus estimate of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. equities analysts forecast that Charter Communications, Inc. will post 2.21 earnings per share for the current year.

In related news, CFO Christopher L. Winfrey bought 3,100 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was purchased at an average price 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 in the company, valued at $16,153,316.76. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC increased its position 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 buying an additional 93 shares in the last quarter. Huntington National Bank acquired a new position in Charter Communications during the 3rd quarter valued at about $128,000. Bessemer Group Inc. increased its position 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 buying an additional 151 shares in the last quarter. CLS Investments LLC increased its position 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 buying an additional 426 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in Charter Communications during the 3rd quarter valued at about $180,000. Institutional investors and hedge funds own 72.14% of the company’s stock.

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About Charter Communications

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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