Charter Communications (NASDAQ:CHTR) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Charter Communications (NASDAQ:CHTR) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a sell rating and a $223.00 price objective on the stock.

A number of other research firms also recently issued reports on CHTR. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective on the stock in a research note on Friday, May 16th. Wolfe Research upgraded shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 20th. Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a research note on Tuesday, July 8th. Barclays dropped their price objective on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating on the stock in a research note on Monday, July 28th. Finally, Raymond James Financial upgraded shares of Charter Communications from an “underperform” rating to a “market perform” rating in a research note on Monday, May 19th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and an average price target of $394.61.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $264.42 on Tuesday. The firm has a market cap of $36.12 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. The firm’s 50 day simple moving average is $326.36 and its 200-day simple moving average is $357.88. Charter Communications has a one year low of $254.67 and a one year high of $437.06. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company had revenue of $13.77 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same period last year, the business posted $8.49 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. As a group, equities analysts predict that Charter Communications will post 38.16 EPS for the current year.

Insider Buying and Selling at Charter Communications

In related news, Director Balan Nair acquired 360 shares of the stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the purchase, the director owned 9,622 shares of the company’s stock, valued at approximately $2,638,448.62. This represents a 3.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher L. Winfrey bought 3,670 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the acquisition, the chief executive officer owned 70,243 shares of the company’s stock, valued at $19,183,363.30. The trade was a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL grew its stake in shares of Charter Communications by 0.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company’s stock worth $1,153,000 after buying an additional 25 shares during the last quarter. Allworth Financial LP boosted its stake in Charter Communications by 10.5% during the 1st quarter. Allworth Financial LP now owns 283 shares of the company’s stock valued at $104,000 after purchasing an additional 27 shares during the last quarter. Hemington Wealth Management boosted its stake in Charter Communications by 24.3% during the 1st quarter. Hemington Wealth Management now owns 143 shares of the company’s stock valued at $52,000 after purchasing an additional 28 shares during the last quarter. Cooper Financial Group boosted its stake in Charter Communications by 2.3% during the 2nd quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock valued at $515,000 after purchasing an additional 28 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in Charter Communications by 1.1% during the 1st quarter. Brown Advisory Inc. now owns 2,704 shares of the company’s stock valued at $997,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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.