Charter Communications (NASDAQ:CHTR) Now Covered by Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Charter Communications (NASDAQ:CHTR) in a research note published on Thursday morning, Marketbeat Ratings reports. The firm issued an equal weight rating and a $300.00 target price on the stock.

Several other research firms also recently weighed in on CHTR. Wolfe Research raised Charter Communications from an “underperform” rating to a “peer perform” rating in a report on Friday, June 20th. UBS Group reduced their target price on Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Royal Bank Of Canada reduced their target price on Charter Communications from $430.00 to $370.00 and set a “sector perform” rating for the company in a report on Monday, July 28th. Loop Capital raised Charter Communications from a “hold” rating to a “buy” rating and upped their price objective for the company from $430.00 to $510.00 in a research note on Monday, May 19th. Finally, Citigroup lifted their target price on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $404.71.

Charter Communications Trading Up 0.5%

CHTR opened at $267.98 on Thursday. Charter Communications has a 12 month low of $254.67 and a 12 month high of $437.06. The stock has a market capitalization of $36.60 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 0.60 and a beta of 1.02. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The business has a fifty day moving average price of $344.94 and a 200 day moving average price of $362.38.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). The company had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.49 earnings per share. Sell-side analysts expect that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Charter Communications news, CEO Christopher L. Winfrey bought 3,670 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the purchase, the chief executive officer owned 70,243 shares in the company, valued at approximately $19,183,363.30. This represents a 5.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Balan Nair acquired 360 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of $274.21 per share, with a total value of $98,715.60. Following the completion of the purchase, the director directly 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 disclosure for this purchase can be found here. Corporate insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Charter Communications

A number of large investors have recently bought and sold shares of CHTR. Makaira Partners LLC boosted its holdings in shares of Charter Communications by 4.0% during the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company’s stock worth $127,919,000 after purchasing an additional 14,510 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Charter Communications by 69.5% during the first quarter. Private Trust Co. NA now owns 161 shares of the company’s stock worth $59,000 after purchasing an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Charter Communications by 21.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company’s stock worth $1,435,000 after purchasing an additional 676 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Charter Communications by 25.2% during the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company’s stock worth $608,000 after purchasing an additional 332 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Charter Communications by 20.3% during the first quarter. Envestnet Asset Management Inc. now owns 33,471 shares of the company’s stock worth $12,335,000 after purchasing an additional 5,642 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

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.