Short Interest Change: What’s Ahead for Charter Communications Class A New (NASDAQ:CHTR) After More Shorted Shares?

November 29, 2016 - By Darrin Black   ·   0 Comments

Short Interest Change: What’s Ahead for Charter Communications Class A New (NASDAQ:CHTR) After More Shorted Shares?

The stock of Charter Communications Class A New (NASDAQ:CHTR) registered an increase of 0.38% in short interest. CHTR’s total short interest was 12.67M shares in November as published by FINRA. Its up 0.38% from 12.63M shares, reported previously. With 1.75 million shares average volume, it will take short sellers 7 days to cover their CHTR’s short positions. The short interest to Charter Communications Class A New’s float is 6.12%. About 279,978 shares traded hands. Charter Communications, Inc. (NASDAQ:CHTR) has risen 28.92% since April 26, 2016 and is uptrending. It has outperformed by 23.66% the S&P500.

Insitutional Activity: The institutional sentiment increased to 0.09 in Q2 2016. Its up 0.06, from 0.03 in 2016Q1. The ratio improved, as 309 funds sold all Charter Communications, Inc. shares owned while 5 reduced positions. 8 funds bought stakes while 2 increased positions. They now own 160,570 shares or 99.87% less from 120.69 million shares in 2016Q1.
Levin Capital Strategies Limited Partnership holds 2,962 shares or 0.01% of its portfolio. Kemnay Advisory Svcs Inc has 36,997 shares for 6.56% of their US portfolio. Great West Life Assurance Can has 40,096 shares for 0.03% of their US portfolio. Tradewinds Cap Mgmt Limited holds 0.02% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR) for 90 shares. Covey Capital Advisors Llc reported 7,428 shares or 0.93% of all its holdings. Eidelman Virant Capital accumulated 0.13% or 904 shares. Nebula Capital Lp has invested 4.17% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR). Wellington Shields Cap Mgmt accumulated 2,673 shares or 0.1% of the stock. Burt Wealth reported 355 shares or 0.09% of all its holdings. Private Ocean Limited Co accumulated 7 shares or 0% of the stock. Selkirk Mngmt Limited Company holds 6.9% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR) for 50,000 shares. Capwealth Advisors Lc has invested 0% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR). Texas Yale Corp accumulated 0.24% or 10,630 shares. Hanson And Doremus Investment Management accumulated 0.11% or 1,091 shares. Moreover, Burney Communications has 0.04% invested in Charter Communications, Inc. (NASDAQ:CHTR) for 2,361 shares.

Insider Transactions: Since August 11, 2016, the stock had 1 buying transaction, and 4 selling transactions for $13.97 million net activity. Jacobson Craig A sold $774,454 worth of Charter Communications, Inc. (NASDAQ:CHTR) on Thursday, August 11. $2.15 million worth of shares were sold by Dykhouse Richard R on Thursday, August 11. Shares for $9.46M were sold by Bickham John. Another trade for 1,000 shares valued at $255,000 was bought by Ramos Mauricio. Hargis Jonathan also sold $1.83 million worth of Charter Communications, Inc. (NASDAQ:CHTR) on Thursday, August 11.

Charter Communications, Inc. (NASDAQ:CHTR) Ratings Coverage

Out of 20 analysts covering Charter Comm (NASDAQ:CHTR), 17 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 85% are positive. Charter Comm has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained Charter Communications, Inc. (NASDAQ:CHTR) rating on Wednesday, August 5. Canaccord Genuity has “Buy” rating and $210 price target. The rating was upgraded by MoffettNathanson to “Neutral” on Wednesday, August 19. The company was maintained on Wednesday, September 28 by Macquarie Research. The rating was maintained by UBS on Wednesday, August 10 with “Buy”. On Monday, June 20 the stock rating was maintained by Wunderlich with “Buy”. The stock of Charter Communications, Inc. (NASDAQ:CHTR) has “Buy” rating given on Thursday, June 16 by Citigroup. The company was initiated on Wednesday, July 20 by Argus Research. The rating was initiated by Bank of America on Tuesday, August 2 with “Buy”. The firm has “Buy” rating given on Monday, May 2 by Wunderlich. Jefferies maintained the shares of CHTR in a report on Wednesday, August 10 with “Hold” rating.

CHTR Company Profile

Charter Communications, Inc. (Charter), incorporated on July 22, 1999, is a well-known provider of cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. The Firm operates through broadband services segment. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services. The Company’s infrastructure consists of a hybrid of fiber and coaxial cable plant with approximately 12.8 million estimated passings, with over 98% at approximately 550 megahertz (MHz), over 99% of plant miles two-way active and approximately 100% of plant all-digital. The Firm sells its video, Internet and voice services primarily on a subscription basis, often in a bundle of two or more services. It offers Charter Spectrum brand in its all-digital markets. Digital video enables its clients to access advanced video services, such as high definition (HD) television, video on demand programming, an interactive program guide and digital video recorder (DVR) service. Through Spectrum Business, it provides tailored broadband communications solutions to business and carrier organizations, such as video entertainment services, Internet access, business telephone services, data networking and fiber connectivity to cellular towers and office buildings. The Company’s advertising sales division, Spectrum Reach, provides local, regional and national businesses with a focus on advertising in individual markets on cable television networks. Through its hybrid fiber and coaxial cable network, the Company offers its clients traditional cable video services, as well as advanced video services (such as video on demand, HD television, and DVR service), Internet services and voice services. The Company’s voice services are provided using voice over Internet protocol (VoIP) technology, to transmit digital voice signals over the Company’s systems.

More news for Charter Communications, Inc. (NASDAQ:CHTR) were recently published by: Wsj.com, which released: “Charter Communications’ Revenue Rises 7.4%” on November 03, 2016. Zacks.com‘s article titled: “Charter Communications: Prospects Bright, Competition Rife” and published on November 25, 2016 is yet another important article.

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By Darrin Black


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