Charter Communications, Inc. (NASDAQ:CHTR) Brief Interest Update

Charter Communications, Inc. (NASDAQ:CHTR – Get Free Report ) received a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 11,730,000 shares, a decrease of 7.7% from the July 15th total of 12,710,000 shares. Currently, 12.1% of the company’s shares are short sold. Based on an average daily trading volume of 1,330,000 shares, the short interest rate is currently 8.8 days.

Institutional investors weigh in on Charter’s communications

A number of institutional investors have recently modified their holdings of the business. Capital International Investors boosted its holdings in shares of Charter Communications by 53.6% in the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after buying an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after buying an additional 175,130 shares during the period. Parnassus Investments LLC raised its position in Charter Communications by 40.1% during the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after buying an additional 463,968 shares in the the last quarter. Putnam Investments LLC increased its holdings in Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after buying an additional 242,448 shares during the period. Finally, Norges Bank acquired a new stake in shares of Charter Communications in the fourth quarter valued at about $310,727,000. Institutional investors own 81.76% of the company’s shares.

Charter Communications trading up 0.4%

Shares of NASDAQ:CHTR opened at $353.31 on Monday. Charter Communications has a 12-month low of $236.08 and a 12-month high of $458.30. The company has a 50-day moving average of $319.25 and a 200-day moving average of $294.42. The company has a quick ratio of 0.40, a current ratio of 0.39, and a debt-to-equity ratio of 5.84. The stock has a market cap of $50.89 billion, a PE ratio of 11.43, a P/E/G ratio of 0.70 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR – Get Free Report ) last released its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. During the same period last year, the firm posted EPS of $8.05. The company’s revenue for the quarter was up 0.2% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications will post 32.52 earnings per share for the current year.

Changes in Analyst Ratings

A number of brokerages have recently commented on CHTR. Rosenblatt Securities upped their price target on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Citigroup raised their target price on shares of Charter Communications from $255.00 to $350.00 and gave the stock a “sell” rating in a research report on Wednesday, July 31st. TD Cowen boosted their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Wolfe Research downgraded Charter Communications from an “outperform” rating to an “equal perform” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company upped their target price on Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, 29 July. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $360.93, according to MarketBeat.

See the latest stock report on CHTR

About Charter Communications

(Get a free report)

Charter Communications, Inc operates as a broadband and cable carrier company serving residential and commercial customers in the United States. The company offers internet, video and mobile and voice services on a subscription basis; a suite of broadband connectivity services including fixed internet, WiFi and mobile; Advanced WiFi services; Spectrum Security Shield; WiFi in-home, which provides customers with high-performance wireless routers and managed WiFi services to enhance their fixed wireless Internet experience; WiFi outside the house; and WiFi Spectrum services.

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