Charter Communications, Inc. (NASDAQ:CHTR) Short Interest Up 7.1% in April

Charter Communications, Inc. (NASDAQ:CHTR) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 12,220,000 shares, an increase of 7.1% from the March 31st total of 11,410,000 shares. Currently, 12.5% of the company’s stock are short sold. Based on an average daily volume of 1,700,000 shares, the short-interest ratio is presently 7.2 days.

Institutional Investors Weigh In On Charter Communications

Institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC grew its position in shares of Charter Communications by 7.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,097 shares of the company’s stock worth $482,000 after purchasing an additional 78 shares in the last quarter. PDS Planning Inc boosted its stake in shares of Charter Communications by 3.4% in the third quarter. PDS Planning Inc now owns 870 shares of the company’s stock valued at $383,000 after buying an additional 29 shares during the period. Commonwealth Equity Services LLC grew its position in Charter Communications by 87.9% during the third quarter. Commonwealth Equity Services LLC now owns 10,777 shares of the company’s stock worth $4,740,000 after buying an additional 5,043 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Charter Communications by 8.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,129 shares of the company’s stock worth $6,214,000 after acquiring an additional 1,100 shares during the period. Finally, Live Oak Private Wealth LLC raised its holdings in Charter Communications by 0.3% in the 3rd quarter. Live Oak Private Wealth LLC now owns 17,569 shares of the company’s stock valued at $7,727,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 1.5 %

Shares of NASDAQ:CHTR opened at $259.70 on Thursday. Charter Communications has a 12-month low of $236.08 and a 12-month high of $458.30. The business has a 50 day moving average of $279.16 and a 200-day moving average of $343.46. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. The stock has a market cap of $37.72 billion, a PE ratio of 8.40, a P/E/G ratio of 1.05 and a beta of 0.97.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $6.65 earnings per share. As a group, equities research analysts forecast that Charter Communications will post 31.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Citigroup reduced their price target on Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Monday. Bank of America cut their price objective on Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a report on Monday. Pivotal Research lowered their target price on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday, April 16th. Finally, UBS Group dropped their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $356.47.

About Charter Communications

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