Charter Communications (CHTR) Debt Trading 0.8% Higher

An issue of Charter Communications, Inc. (NASDAQ:CHTR) debt rose 0.8% as a percentage of its face value during trading on Thursday. The high-yield debt issue has a 5.375% coupon and is set to mature on May 1, 2047. The bonds in the issue are now trading at $94.96 and were trading at $96.09 one week ago. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.

Several equities research analysts recently commented on CHTR shares. Barclays cut shares of Charter Communications from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $267.01 to $283.00 in a research report on Monday, December 4th. Buckingham Research started coverage on shares of Charter Communications in a research report on Wednesday, December 13th. They set a “buy” rating and a $415.00 price target on the stock. Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 26th. BidaskClub raised shares of Charter Communications from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Guggenheim raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $407.17.

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Shares of Charter Communications stock traded down $2.54 during mid-day trading on Thursday, hitting $322.93. 2,764,165 shares of the stock were exchanged, compared to its average volume of 1,489,803. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $78,136.95, a PE ratio of 9.01, a price-to-earnings-growth ratio of 3.61 and a beta of 1.20. Charter Communications, Inc. has a 12 month low of $308.30 and a 12 month high of $408.83.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. Charter Communications’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 EPS. research analysts anticipate that Charter Communications, Inc. will post 4.32 EPS for the current fiscal year.

In other news, EVP Jonathan Hargis sold 27,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the sale, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at approximately $12,741,431.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of CHTR. Price Capital Management Inc. acquired a new position in Charter Communications in the 4th quarter valued at about $101,000. Kings Point Capital Management grew its stake in Charter Communications by 68.4% in the 4th quarter. Kings Point Capital Management now owns 347 shares of the company’s stock valued at $117,000 after buying an additional 141 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Charter Communications by 109.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock valued at $137,000 after buying an additional 214 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in Charter Communications in the 4th quarter valued at about $151,000. Finally, CLS Investments LLC grew its stake in Charter Communications by 4,733.3% in 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 during the last quarter. 72.22% of the stock is currently owned by institutional investors.

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Charter Communications Company Profile

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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