November 30, 2016 - By Dolores Ford · 0 Comments
Charter Communications Inc (NASDAQ:CHTR) institutional sentiment increased to 0.09 in Q2 2016. Its up 0.06, from 0.03 in 2016Q1. The ratio is more positive, as 10 investment managers increased and started new holdings, while 314 decreased and sold holdings in Charter Communications Inc. The investment managers in our partner’s database reported: 160,570 shares, down from 120.69 million shares in 2016Q1. Also, the number of investment managers holding Charter Communications Inc in their top 10 holdings decreased from 56 to 2 for a decrease of 54. Sold All: 309 Reduced: 5 Increased: 2 New Position: 8.
The stock increased 3.57% or $9.67 during the last trading session, hitting $280.49. Charter Communications, Inc. (NASDAQ:CHTR) has risen 35.88% since April 27, 2016 and is uptrending. It has outperformed by 30.65% the S&P500.
Analysts await Charter Communications, Inc. (NASDAQ:CHTR) to report earnings on February, 2. They expect $1.06 EPS, up 187.60% or $2.27 from last year’s $-1.21 per share. CHTR’s profit will be $277.01 million for 66.15 P/E if the $1.06 EPS becomes a reality. After $0.69 actual EPS reported by Charter Communications, Inc. for the previous quarter, Wall Street now forecasts 53.62% EPS growth.
According to Zacks Investment Research, “Charter Communications is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet access, and Charter Spectrum Voice. Spectrum Business similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter’s advertising sales and production services are sold under the Charter Media brand.”
Selkirk Management Llc holds 6.9% of its portfolio in Charter Communications, Inc. for 50,000 shares. Kemnay Advisory Services Inc. owns 36,997 shares or 6.56% of their US portfolio. Moreover, Nebula Capital Management Lp has 4.17% invested in the company for 2,305 shares. The Georgia-based Covey Capital Advisors Llc has invested 0.93% in the stock. Texas Yale Capital Corp., a Florida-based fund reported 10,630 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 4 sales for $13.97 million net activity.
Ratings analysis reveals 85% of Charter Comm’s analysts are positive. Out of 20 Wall Street analysts rating Charter Comm, 17 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $204 while the high is $350. The stock’s average target of $271.71 is -3.13% below today’s ($280.49) share price. CHTR was included in 28 notes of analysts from August 5, 2015. As per Wednesday, June 1, the company rating was upgraded by Raymond James. Suntrust Robinson initiated the shares of CHTR in a report on Wednesday, November 11 with “Buy” rating. The stock of Charter Communications, Inc. (NASDAQ:CHTR) earned “Buy” rating by Pivotal Research on Monday, September 26. The stock of Charter Communications, Inc. (NASDAQ:CHTR) has “Buy” rating given on Monday, May 2 by Wunderlich. The rating was maintained by Wunderlich with “Buy” on Monday, June 20. The stock of Charter Communications, Inc. (NASDAQ:CHTR) has “Overweight” rating given on Tuesday, June 14 by Morgan Stanley. Barclays Capital maintained Charter Communications, Inc. (NASDAQ:CHTR) on Tuesday, August 16 with “Equal-Weight” rating. The stock of Charter Communications, Inc. (NASDAQ:CHTR) earned “Buy” rating by Canaccord Genuity on Wednesday, August 5. The company was maintained on Monday, November 2 by Telsey Advisory Group. The rating was initiated by SunTrust with “Buy” on Wednesday, November 11.
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 Dolores Ford