Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) Price Target at $410.59

Key Points

• Charter Communications has received a consensus rating of "Hold" from analysts, with three sell recommendations, eight hold ratings, and eight buy ratings, alongside an average price target of $410.59.
• Recent insider transactions include Director Balan Nair and CEO Christopher L. Winfrey buying shares at average prices of $274.21 and $273.10, respectively, indicating growing confidence by company leadership.
• Charter's latest earnings report revealed a missed EPS estimate of $9.18 compared to the $10.06 expected, although revenue was slightly above expectations at $13.77 billion.

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has been assigned an average rating of "Hold" from the nineteen brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $410.5882.

CHTR has been the topic of a number of recent research reports. Royal Bank Of Canada reduced their price objective on Charter Communications from $430.00 to $370.00 and set a "sector perform" rating on the stock in a research note on Monday, July 28th. Wall Street Zen upgraded Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and increased their price objective for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 20th. Finally, UBS Group lowered their price target on shares of Charter Communications from $425.00 to $355.00 and set a "neutral" rating for the company in a report on Monday, July 28th.

Insider Buying and Selling

In other Charter Communications news, CEO Christopher L. Winfrey bought 3,670 shares of the company's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the acquisition, the chief executive officer owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Balan Nair purchased 360 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $274.21 per share, with a total value of $98,715.60. Following the completion of the acquisition, the director directly owned 9,622 shares in the company, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Charter Communications

A number of large investors have recently bought and sold shares of the business. SouthState Corp acquired a new stake in shares of Charter Communications in the first quarter valued at approximately $25,000. Atlantic Union Bankshares Corp acquired a new stake in Charter Communications in the 2nd quarter valued at approximately $25,000. Salem Investment Counselors Inc. increased its position in Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company's stock valued at $26,000 after acquiring an additional 61 shares during the period. Ameritas Advisory Services LLC bought a new stake in Charter Communications during the 2nd quarter valued at $28,000. Finally, ST Germain D J Co. Inc. boosted its position in Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after acquiring an additional 77 shares during the period. Institutional investors own 81.76% of the company's stock.

Charter Communications Trading Down 0.9%

CHTR stock traded down $2.21 during midday trading on Thursday, reaching $256.57. 1,782,047 shares of the company's stock traded hands, compared to its average volume of 1,476,169. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. Charter Communications has a fifty-two week low of $256.03 and a fifty-two week high of $437.06. The business has a 50-day moving average price of $371.06 and a two-hundred day moving average price of $368.59. The company has a market capitalization of $35.04 billion, a P/E ratio of 7.03, a PEG ratio of 0.59 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing the consensus estimate of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter in the previous year, the firm posted $8.49 EPS. The business's revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

About Charter Communications

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.