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

Charter Communications, Inc. (NASDAQ:CHTR)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $126.61 and last traded at $126.2060, with a volume of 3029226 shares traded. The stock had previously closed at $132.00.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CHTR. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. BNP Paribas Exane cut their price target on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Benchmark reduced their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. JPMorgan Chase & Co. began coverage on Charter Communications in a report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price objective for the company. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $210.00 target price on shares of Charter Communications in a research report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $290.38.

Charter Communications Stock Performance

The stock has a market cap of $15.53 billion, a P/E ratio of 3.41, a price-to-earnings-growth ratio of 0.22 and a beta of 0.71. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The firm’s fifty day simple moving average is $164.80 and its 200-day simple moving average is $196.91.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same period in the prior year, the company posted $8.42 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts expect that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, Director Balan Nair purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was purchased at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the acquisition, the director owned 12,029 shares in the company, valued at approximately $2,110,608.34. The trade was a 9.07% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher L. Winfrey acquired 3,468 shares of the stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average cost of $172.23 per share, with a total value of $597,293.64. Following the completion of the transaction, the chief executive officer owned 74,409 shares in the company, valued at approximately $12,815,462.07. This represents a 4.89% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 20,125 shares of company stock valued at $3,167,116. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charter Communications

A number of hedge funds have recently added to or reduced their stakes in CHTR. Advisory Services Network LLC increased its position in shares of Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after purchasing an additional 38 shares during the last quarter. Occudo Quantitative Strategies LP raised its holdings in shares of Charter Communications by 1.4% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after purchasing an additional 41 shares during the period. Orion Porfolio Solutions LLC grew its holdings in Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after purchasing an additional 41 shares during the period. Pure Financial Advisors LLC increased its position in Charter Communications by 4.1% in the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after buying an additional 44 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Charter Communications by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after buying an additional 49 shares during the period. 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.