Charter Communications (NASDAQ:CHTR) Reaches New 1-Year Low – Time to Sell?

Shares of Charter Communications, Inc. (NASDAQ:CHTR) reached a new 52-week low during trading on Friday . The stock traded as low as $158.00 and last traded at $165.17, with a volume of 6129878 shares trading hands. The stock had previously closed at $158.65.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CHTR shares. Wells Fargo & Company increased their price objective on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research note on Monday. Sanford C. Bernstein dropped their price objective on shares of Charter Communications from $220.00 to $210.00 and set a “market perform” rating for the company in a report on Monday. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. Finally, Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average price target of $315.67.

Charter Communications Trading Up 4.1%

The firm’s 50-day moving average is $219.14 and its 200-day moving average is $216.62. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 4.56. The firm has a market cap of $20.92 billion, a price-to-earnings ratio of 4.46, a P/E/G ratio of 0.27 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same period in the previous year, the business posted $8.42 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 43.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Christopher L. Winfrey acquired 3,468 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were purchased at an average cost of $172.23 per share, with a total value of $597,293.64. Following the acquisition, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at $12,815,462.07. The trade was a 4.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Balan Nair acquired 1,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were purchased at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the completion of the acquisition, the director directly owned 12,029 shares in the company, valued at approximately $2,110,608.34. The trade was a 9.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 10,196 shares of company stock valued at $1,767,822 in the last three months. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Charter Communications

Hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its stake in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Webster Bank N. A. bought a new stake in shares of Charter Communications during the third quarter valued at about $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Charter Communications during the third quarter valued at about $30,000. Quarry LP increased its position in shares of Charter Communications by 153.2% during the fourth quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the period. Finally, Altshuler Shaham Ltd bought a new stake in shares of Charter Communications during the fourth quarter valued at about $25,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.