Charter Communications, Inc. (NASDAQ:CHTR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $608.17 and traded as high as $649.00. Charter Communications shares last traded at $636.59, with a volume of 810,488 shares.
A number of equities analysts recently weighed in on CHTR shares. Pivotal Research upped their price target on Charter Communications from $730.00 to $800.00 and gave the stock a â€œbuyâ€ rating in a report on Friday, September 11th. Rosenblatt Securities boosted their price objective on Charter Communications from $700.00 to $750.00 and gave the stock a â€œbuyâ€ rating in a research note on Monday, November 2nd. Benchmark boosted their price objective on Charter Communications from $640.00 to $725.00 and gave the stock a â€œbuyâ€ rating in a research note on Wednesday, October 28th. Truist boosted their price objective on Charter Communications from $650.00 to $700.00 in a research note on Monday, November 2nd. Finally, Credit Suisse Group boosted their price objective on Charter Communications from $640.00 to $724.00 and gave the stock an â€œoutperformâ€ rating in a research note on Wednesday, September 23rd. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the companyâ€™s stock. The company currently has a consensus rating of â€œBuyâ€ and an average target price of $647.16.
The stock has a market capitalization of $127.24 billion, a price-to-earnings ratio of 50.24, a PEG ratio of 1.04 and a beta of 1.01. The business has a fifty day moving average of $654.31 and a 200 day moving average of $608.17. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.40 and a quick ratio of 0.40.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Wednesday, November 4th. The company reported $3.90 EPS for the quarter, beating analystsâ€™ consensus estimates of $3.03 by $0.87. Charter Communications had a return on equity of 7.50% and a net margin of 5.70%. The firm had revenue of $12.04 billion for the quarter, compared to analystsâ€™ expectations of $12.04 billion. During the same period in the prior year, the firm posted $1.74 earnings per share. The firmâ€™s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Charter Communications, Inc. will post 14.26 EPS for the current year.
In related news, CFO Christopher L. Winfrey sold 58,254 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $595.89, for a total value of $34,712,976.06. Following the transaction, the chief financial officer now owns 85,388 shares of the companyâ€™s stock, valued at $50,881,855.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard R. Dykhouse sold 7,927 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $632.34, for a total value of $5,012,559.18. Following the completion of the transaction, the executive vice president now directly owns 26,811 shares in the company, valued at approximately $16,953,667.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,860 shares of company stock worth $45,482,701. Insiders own 1.18% of the companyâ€™s stock.
Large investors have recently bought and sold shares of the stock. Claudia M.P. Batlle CRP R LLC purchased a new position in Charter Communications in the third quarter valued at $3,221,000. LPL Financial LLC grew its holdings in shares of Charter Communications by 11.8% during the third quarter. LPL Financial LLC now owns 14,338 shares of the companyâ€™s stock worth $8,952,000 after purchasing an additional 1,512 shares during the last quarter. TIAA FSB grew its holdings in shares of Charter Communications by 1.7% during the third quarter. TIAA FSB now owns 22,190 shares of the companyâ€™s stock worth $13,854,000 after purchasing an additional 366 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Charter Communications by 14.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,926,068 shares of the companyâ€™s stock worth $1,202,522,000 after purchasing an additional 236,293 shares during the last quarter. Finally, Wealthsource Partners LLC grew its holdings in shares of Charter Communications by 37.6% during the third quarter. Wealthsource Partners LLC now owns 819 shares of the companyâ€™s stock worth $511,000 after purchasing an additional 224 shares during the last quarter. 69.06% of the stock is currently owned by hedge funds and other institutional investors.
About Charter Communications (NASDAQ:CHTR)
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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