Short Interest in Charter Communications, Inc. (CHTR) Decreases By 10.3%

Charter Communications, Inc. (NASDAQ:CHTR) was the recipient of a significant decrease in short interest during the month of January. As of January 12th, there was short interest totalling 6,775,342 shares, a decrease of 10.3% from the December 29th total of 7,552,284 shares. Currently, 3.7% of the company’s stock are short sold. Based on an average daily volume of 1,531,101 shares, the days-to-cover ratio is presently 4.4 days.

Several research firms have recently issued reports on CHTR. Robert W. Baird reaffirmed a “hold” rating and issued a $365.00 target price on shares of Charter Communications in a report on Wednesday, October 4th. Macquarie reaffirmed a “buy” rating and issued a $430.00 target price on shares of Charter Communications in a report on Tuesday, October 3rd. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $359.00 target price (up from $340.00) on shares of Charter Communications in a report on Thursday, January 4th. Finally, Moffett Nathanson reaffirmed a “neutral” rating on shares of Charter Communications in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $382.53.

Charter Communications (NASDAQ CHTR) opened at $377.00 on Friday. Charter Communications has a twelve month low of $308.30 and a twelve month high of $408.83. The firm has a market capitalization of $93,260.00, a price-to-earnings ratio of 204.89, a price-to-earnings-growth ratio of 2.45 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. During the same period last year, the company posted $0.69 earnings per share. Charter Communications’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts predict that Charter Communications will post 2.09 EPS for the current year.

In other Charter Communications news, CFO Christopher L. Winfrey bought 3,100 shares of Charter Communications stock in a transaction dated Monday, October 30th. The stock was bought at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $16,153,316.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.56% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Partners LLC grew its holdings in Charter Communications by 5.5% during the fourth quarter. Advisor Partners LLC now owns 4,052 shares of the company’s stock valued at $1,483,000 after purchasing an additional 212 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Charter Communications in the fourth quarter worth $3,275,000. First Capital Advisors Group LLC. bought a new position in shares of Charter Communications in the fourth quarter worth $241,000. APG Asset Management N.V. boosted its holdings in shares of Charter Communications by 2.9% in the fourth quarter. APG Asset Management N.V. now owns 385,636 shares of the company’s stock worth $107,893,000 after acquiring an additional 10,700 shares during the period. Finally, Selz Capital LLC bought a new position in shares of Charter Communications in the fourth quarter worth $14,446,000. 72.19% of the stock is owned by institutional investors and hedge funds.

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About Charter Communications

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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