Charter Communications Inc (CHTR) Short Interest Down 13.3% in September

Charter Communications Inc (NASDAQ:CHTR) was the target of a large decline in short interest in September. As of September 28th, there was short interest totalling 10,618,388 shares, a decline of 13.3% from the September 14th total of 12,251,307 shares. Based on an average daily trading volume, of 1,613,951 shares, the days-to-cover ratio is presently 6.6 days. Approximately 6.3% of the shares of the stock are sold short.

NASDAQ:CHTR opened at $301.92 on Friday. The company has a market capitalization of $75.56 billion, a P/E ratio of 114.70, a PEG ratio of 1.94 and a beta of 1.20. Charter Communications has a 1-year low of $250.10 and a 1-year high of $396.64. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.46.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Tuesday, July 31st. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.20. The company had revenue of $10.85 billion during the quarter, compared to the consensus estimate of $10.83 billion. Charter Communications had a return on equity of 1.45% and a net margin of 23.59%. Charter Communications’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. On average, equities analysts forecast that Charter Communications will post 4.43 EPS for the current fiscal year.

A number of brokerages have recently issued reports on CHTR. Barclays set a $259.00 price target on Charter Communications and gave the company a “sell” rating in a research report on Wednesday. Goldman Sachs Group upgraded Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the company from $315.00 to $361.00 in a research report on Thursday, June 21st. ValuEngine upgraded Charter Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. BidaskClub upgraded Charter Communications from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 26th. Finally, Buckingham Research lifted their price target on Charter Communications from $397.00 to $418.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $364.00.

In other Charter Communications news, EVP Richard R. Dykhouse sold 2,101 shares of Charter Communications stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total transaction of $622,988.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in CHTR. Vigilant Capital Management LLC purchased a new position in Charter Communications in the 3rd quarter worth approximately $106,000. Chicago Partners Investment Group LLC increased its stake in Charter Communications by 254.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock worth $101,000 after purchasing an additional 247 shares during the period. Assetmark Inc. increased its stake in Charter Communications by 166.7% in the 1st quarter. Assetmark Inc. now owns 360 shares of the company’s stock worth $112,000 after purchasing an additional 225 shares during the period. Kaizen Advisory LLC increased its stake in Charter Communications by 122.7% in the 2nd quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock worth $127,000 after purchasing an additional 238 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Charter Communications during the second quarter valued at approximately $129,000. Institutional investors own 71.07% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

Further Reading: Insider Trading

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