Charter Communications (NASDAQ:CHTR) Shares Down 3.6% – What’s Next?

Charter Communications, Inc. (NASDAQ:CHTR)’s share price traded down 3.6% on Tuesday . The stock traded as low as $213.26 and last traded at $213.0350. 685,306 shares were traded during trading, a decline of 64% from the average session volume of 1,887,526 shares. The stock had previously closed at $220.94.

Analysts Set New Price Targets

CHTR has been the subject of several analyst reports. Sanford C. Bernstein set a $220.00 price objective on Charter Communications in a research note on Wednesday, January 28th. BNP Paribas Exane cut their price target on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a report on Tuesday, February 24th. Benchmark upped their price target on Charter Communications from $425.00 to $455.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. UBS Group set a $425.00 price objective on Charter Communications in a research note on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a research report on Tuesday, February 3rd. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average price target of $335.11.

Charter Communications Stock Performance

The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The business has a 50 day moving average price of $221.00 and a two-hundred day moving average price of $224.32. The stock has a market cap of $27.39 billion, a P/E ratio of 5.96, a price-to-earnings-growth ratio of 0.34 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same period last year, the business posted $10.10 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several hedge funds have recently modified their holdings of CHTR. Quarry LP lifted its stake in Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Charter Communications during the fourth quarter valued at about $25,000. DV Equities LLC purchased a new position in shares of Charter Communications during the fourth quarter valued at about $25,000. Webster Bank N. A. bought a new stake in shares of Charter Communications in the third quarter worth about $28,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Charter Communications in the third quarter worth about $30,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

About Charter Communications

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.