Charter Communications Inc. (CHTR) Downgraded by Moffett Nathanson
Charter Communications Inc. (NASDAQ:CHTR) was downgraded by investment analysts at Moffett Nathanson from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday.
CHTR has been the topic of a number of other reports. Morgan Stanley reissued a “buy” rating and issued a $300.00 price target on shares of Charter Communications in a research report on Monday, September 12th. Citigroup Inc. boosted their price target on Charter Communications from $270.00 to $318.00 and gave the stock a “buy” rating in a research report on Friday, September 30th. Guggenheim started coverage on Charter Communications in a research report on Monday, August 29th. They issued a “buy” rating and a $300.00 price target on the stock. Macquarie boosted their price target on Charter Communications from $286.00 to $289.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 28th. Finally, Pivotal Research boosted their price target on Charter Communications from $333.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $286.85.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Tuesday, August 9th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. The firm had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the business earned ($1.09) EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis.
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In other news, EVP Jonathan Hargis sold 7,233 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $253.21, for a total value of $1,831,467.93. Following the completion of the sale, the executive vice president now directly owns 13,255 shares in the company, valued at approximately $3,356,298.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $258.15, for a total value of $774,450.00. Following the completion of the sale, the director now owns 16,563 shares of the company’s stock, valued at $4,275,738.45. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.
Large investors have recently bought and sold shares of the company. Exxonmobil Investment Management Inc. TX bought a new stake in Charter Communications during the third quarter valued at approximately $14,941,000. Pure Financial Advisors Inc. bought a new stake in Charter Communications during the third quarter valued at approximately $295,000. Atalanta Sosnoff Capital LLC raised its stake in Charter Communications by 59.2% in the third quarter. Atalanta Sosnoff Capital LLC now owns 209,004 shares of the company’s stock valued at $56,425,000 after buying an additional 77,752 shares during the period. Chevy Chase Trust Holdings Inc. bought a new stake in Charter Communications during the third quarter valued at approximately $49,084,000. Finally, First American Trust FSB bought a new stake in Charter Communications during the third quarter valued at approximately $2,787,000. Hedge funds and other institutional investors own 77.10% of the company’s stock.
Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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