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

Charter Communications, Inc. (NASDAQ:CHTR) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 11,460,000 shares, a decrease of 7.2% from the November 15th total of 12,350,000 shares. Based on an average daily volume of 1,300,000 shares, the days-to-cover ratio is presently 8.8 days. Approximately 11.9% of the shares of the stock are sold short.

Charter Communications Trading Down 0.5 %

NASDAQ CHTR traded down $1.86 on Monday, reaching $377.92. 447,072 shares of the company were exchanged, compared to its average volume of 1,363,475. The business’s fifty day moving average price is $366.42 and its 200 day moving average price is $338.18. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market capitalization of $53.74 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same period in the prior year, the business posted $8.25 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts forecast that Charter Communications will post 32.87 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Several hedge funds have recently bought and sold shares of CHTR. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications during the 3rd quarter worth about $28,000. Grove Bank & Trust boosted its position in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares in the last quarter. CVA Family Office LLC raised its position in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research note on Wednesday, September 11th. Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research report on Monday, September 30th. Benchmark increased their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $384.42.

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.