Charter Communications (NASDAQ:CHTR) Shares Gap Down to $298.96

Shares of Charter Communications, Inc. (NASDAQ:CHTR) gapped down before the market opened on Monday . The stock had previously closed at $298.96, but opened at $292.80. Charter Communications shares last traded at $295.38, with a volume of 88,147 shares.

Analyst Ratings Changes

A number of research firms recently commented on CHTR. Bank of America decreased their price objective on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Pivotal Research decreased their price objective on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 29th. UBS Group decreased their price objective 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. Wells Fargo & Company decreased their price objective on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. Finally, Barclays decreased their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average target price of $343.13.

Charter Communications Trading Down 2.6 %

The business’s 50-day moving average price is $274.69 and its two-hundred day moving average price is $305.02. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $41.95 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.11 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $6.65 EPS. Equities analysts expect that Charter Communications, Inc. will post 32.51 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors and hedge funds have recently bought and sold shares of CHTR. Wetzel Investment Advisors Inc. acquired a new position in Charter Communications during the fourth quarter worth approximately $25,000. New Covenant Trust Company N.A. acquired a new position in Charter Communications during the first quarter worth approximately $34,000. Riverview Trust Co acquired a new position in Charter Communications during the first quarter worth approximately $40,000. Turtle Creek Wealth Advisors LLC acquired a new position in Charter Communications during the fourth quarter worth approximately $44,000. Finally, Cullen Frost Bankers Inc. increased its position in 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 purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Company Profile

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.