Charter Communications, Inc. (NASDAQ:CHTR) Short Interest Up 13.5% in March

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 11,410,000 shares, an increase of 13.5% from the March 15th total of 10,050,000 shares. Approximately 11.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is presently 6.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Riverview Trust Co purchased a new position in shares of Charter Communications in the 1st quarter worth approximately $40,000. Caledonia Investments PLC lifted its position in Charter Communications by 9.7% in the first quarter. Caledonia Investments PLC now owns 141,400 shares of the company's stock worth $41,043,000 after buying an additional 12,500 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Charter Communications by 0.5% during the first quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company's stock worth $2,344,000 after buying an additional 40 shares during the period. Alaska Permanent Fund Corp increased its position in Charter Communications by 9.2% during the first quarter. Alaska Permanent Fund Corp now owns 7,701 shares of the company's stock valued at $2,238,000 after acquiring an additional 647 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Charter Communications in the first quarter valued at $120,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

NASDAQ:CHTR traded down $6.03 during trading hours on Friday, reaching $260.50. The stock had a trading volume of 1,048,473 shares, compared to its average volume of 1,328,858. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $37.83 billion, a PE ratio of 8.68, a PEG ratio of 0.44 and a beta of 0.96. Charter Communications has a 52 week low of $258.56 and a 52 week high of $458.30. The company has a 50 day moving average price of $287.34 and a two-hundred day moving average price of $359.28.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business had revenue of $13.71 billion for the quarter, compared to analysts' expectations of $13.70 billion. During the same period in the previous year, the company earned $7.69 EPS. Charter Communications's revenue for the quarter was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Charter Communications will post 32.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wells Fargo & Company reduced their price target on Charter Communications from $340.00 to $290.00 and set an "equal weight" rating for the company in a research report on Friday, April 5th. Sanford C. Bernstein raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $370.00 price target on the stock in a report on Monday, March 18th. Pivotal Research reduced their price objective on shares of Charter Communications from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, February 5th. Benchmark lowered their target price on shares of Charter Communications from $490.00 to $440.00 and set a "buy" rating on the stock in a research note on Monday, February 5th. Finally, Bank of America cut their price target on Charter Communications from $350.00 to $315.00 and set a "neutral" rating for the company in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $388.67.

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.

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