Charter Communications (NASDAQ:CHTR) Reaches New 1-Year Low After Earnings Miss

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) reached a new 52-week low during mid-day trading on Friday following a weaker than expected earnings announcement. The company traded as low as $236.08 and last traded at $251.78, with a volume of 639169 shares trading hands. The stock had previously closed at $259.10.

The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.78 by ($0.23). The business had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business's revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.65 EPS.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CHTR. Wells Fargo & Company reduced their price objective on shares of Charter Communications from $340.00 to $290.00 and set an "equal weight" rating on the stock in a research note on Friday, April 5th. Pivotal Research reduced their price objective on shares of Charter Communications from $500.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday, February 5th. Rosenblatt Securities reduced their price objective on shares of Charter Communications from $334.00 to $297.00 and set a "neutral" rating on the stock in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charter Communications from $375.00 to $320.00 and set a "hold" rating on the stock in a research note on Tuesday, April 16th. Finally, Barclays reduced their price objective on shares of Charter Communications from $280.00 to $250.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $380.80.

Institutional Investors Weigh In On Charter Communications

Several large investors have recently made changes to their positions in the business. CX Institutional increased its position in shares of Charter Communications by 2.3% in the third quarter. CX Institutional now owns 1,185 shares of the company's stock worth $521,000 after acquiring an additional 27 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company's stock valued at $49,000 after purchasing an additional 27 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Charter Communications by 9.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 313 shares of the company's stock valued at $138,000 after purchasing an additional 28 shares in the last quarter. PDS Planning Inc grew its holdings in Charter Communications by 3.4% during the 3rd quarter. PDS Planning Inc now owns 870 shares of the company's stock valued at $383,000 after purchasing an additional 29 shares in the last quarter. Finally, Aspiriant LLC grew its holdings in Charter Communications by 2.3% during the 4th quarter. Aspiriant LLC now owns 1,533 shares of the company's stock valued at $596,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

The stock's fifty day moving average is $281.16 and its two-hundred day moving average is $348.14. The firm has a market capitalization of $36.98 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.46 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31.

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.