Weiss Ratings Reiterates "Hold (C-)" Rating for Charter Communications (NASDAQ:CHTR)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for Charter Communications' stock amidst recent mixed analyst ratings, with eight analysts giving a Buy rating and four issuing a Sell rating.
• Charter's stock traded at $244.20, reflecting a trading increase of 0.1%, but the stock has seen significant fluctuations with a one-year low of $243.61 and a high of $437.06.
• Following a quarterly earnings report, the company missed EPS estimates, reporting $9.18 against an expected $10.06, despite revenue slightly surpassing estimates at $13.77 billion.

Charter Communications (NASDAQ:CHTR - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

CHTR has been the topic of a number of other reports. Wells Fargo & Company initiated coverage on Charter Communications in a research note on Thursday, August 21st. They issued an "equal weight" rating and a $300.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Charter Communications from $370.00 to $325.00 and set a "hold" rating for the company in a research note on Monday, October 6th. Bank of America decreased their price target on shares of Charter Communications from $440.00 to $355.00 and set a "buy" rating on the stock in a research note on Wednesday, September 24th. Sanford C. Bernstein reduced their price objective on Charter Communications from $380.00 to $350.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group started coverage on Charter Communications in a research note on Tuesday, September 2nd. They set a "sell" rating and a $223.00 price objective on the stock. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $373.71.

Charter Communications Trading Up 0.1%

Charter Communications stock traded up $0.28 during trading hours on Friday, hitting $244.20. The stock had a trading volume of 1,446,174 shares, compared to its average volume of 1,909,489. The business's 50 day simple moving average is $264.77 and its 200-day simple moving average is $332.06. Charter Communications has a one year low of $243.61 and a one year high of $437.06. The stock has a market cap of $33.36 billion, a price-to-earnings ratio of 6.69, a P/E/G ratio of 0.56 and a beta of 1.05. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). The company had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.Charter Communications's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $8.49 EPS. On average, equities analysts predict that Charter Communications will post 38.16 EPS for the current fiscal year.

Insider Activity at Charter Communications

In other Charter Communications news, Director Balan Nair bought 360 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $274.21 per share, with a total value of $98,715.60. Following the transaction, the director owned 9,622 shares in the company, valued at $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the transaction, the chief executive officer directly 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 position. The disclosure for this purchase can be found here. Insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its position in Charter Communications by 57.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,424 shares of the company's stock valued at $392,000 after acquiring an additional 520 shares during the last quarter. Forum Financial Management LP increased its stake in shares of Charter Communications by 48.7% in the 3rd quarter. Forum Financial Management LP now owns 2,478 shares of the company's stock valued at $682,000 after purchasing an additional 811 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Charter Communications by 29.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 10,604 shares of the company's stock valued at $2,917,000 after buying an additional 2,413 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Charter Communications by 35.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 14,530 shares of the company's stock worth $3,996,000 after purchasing an additional 3,820 shares during the last quarter. Finally, Webster Bank N. A. acquired a new position in shares of Charter Communications during the 3rd quarter worth approximately $28,000. 81.76% of the stock is currently owned by institutional investors.

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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