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

Charter Communications, Inc. (NASDAQ:CHTR) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 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 stock are short sold. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is currently 8.8 days.

Charter Communications Trading Down 2.2 %

Shares of NASDAQ:CHTR opened at $347.32 on Wednesday. The stock has a 50 day moving average of $322.24 and a 200 day moving average of $294.43. The company has a market cap of $50.02 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. Charter Communications has a 12-month low of $236.08 and a 12-month high of $458.30. The company has a current ratio of 0.39, a quick ratio of 0.40 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The business had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $8.05 earnings per share. As a group, equities research analysts expect that Charter Communications will post 32.52 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors have recently bought and sold shares of CHTR. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charter Communications during the fourth quarter worth about $25,000. CVA Family Office LLC lifted its holdings in shares of Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after buying an additional 110 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Charter Communications by 769.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after acquiring an additional 100 shares during the last quarter. New Covenant Trust Company N.A. purchased a new position in Charter Communications during the first quarter valued at $34,000. Finally, Riverview Trust Co bought a new stake in Charter Communications in the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Barclays increased their price objective on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Wells Fargo & Company boosted their target price on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. Finally, TD Cowen raised their target price on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $360.93.

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.