Charter Communications Inc (NASDAQ:CHTR) was the target of a significant decrease in short interest during the month of March. As of March 29th, there was short interest totalling 9,294,910 shares, a decrease of 18.1% from the March 15th total of 11,344,505 shares. Currently, 5.7% of the shares of the company are sold short. Based on an average trading volume of 1,595,261 shares, the short-interest ratio is currently 5.8 days.
Shares of NASDAQ:CHTR traded up $7.27 during trading hours on Friday, hitting $377.68. 917,135 shares of the company’s stock traded hands, compared to its average volume of 787,839. Charter Communications has a 52 week low of $259.48 and a 52 week high of $378.36. The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 1.62. The firm has a market cap of $85.11 billion, a price-to-earnings ratio of 72.35, a price-to-earnings-growth ratio of 1.17 and a beta of 1.40.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.23). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter last year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts forecast that Charter Communications will post 7.47 earnings per share for the current year.
In other news, EVP Richard R. Dykhouse sold 2,019 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $348.83, for a total transaction of $704,287.77. Following the completion of the transaction, the executive vice president now owns 9,880 shares in the company, valued at $3,446,440.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Hargis sold 15,000 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $339.51, for a total transaction of $5,092,650.00. Following the completion of the transaction, the executive vice president now owns 15,964 shares of the company’s stock, valued at approximately $5,419,937.64. The disclosure for this sale can be found here. Insiders have sold 57,233 shares of company stock valued at $19,544,909 in the last 90 days. Insiders own 0.84% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Asset Dedication LLC lifted its stake in Charter Communications by 5.5% during the first quarter. Asset Dedication LLC now owns 534 shares of the company’s stock valued at $183,000 after buying an additional 28 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Charter Communications by 8.6% during the first quarter. Lindbrook Capital LLC now owns 353 shares of the company’s stock valued at $122,000 after buying an additional 28 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Charter Communications by 0.6% during the fourth quarter. Nuveen Asset Management LLC now owns 4,927 shares of the company’s stock valued at $1,404,000 after buying an additional 31 shares in the last quarter. Huntington National Bank lifted its stake in Charter Communications by 31.1% during the first quarter. Huntington National Bank now owns 135 shares of the company’s stock valued at $47,000 after buying an additional 32 shares in the last quarter. Finally, First Manhattan Co. lifted its stake in Charter Communications by 0.5% during the first quarter. First Manhattan Co. now owns 7,562 shares of the company’s stock valued at $2,623,000 after buying an additional 34 shares in the last quarter. 74.62% of the stock is owned by institutional investors.
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About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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