Charter Communications Inc. (NASDAQ: CHTR) is -24.20% lower on its value in year-to-date trading and has touched a low of $270.41 and a high of $458.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CHTR stock was last observed hovering at around $295.30 in the last trading session, with the day’s loss setting it -0.69%.
Currently trading at $294.61, the stock is 1.14% and -7.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -0.23% at the moment leaves the stock -22.67% off its SMA200. CHTR registered -16.37% loss for a year compared to 6-month loss of -34.26%. The firm has a 50-day simple moving average (SMA 50) of $2.56 and a 200-day simple moving average (SMA200) of $6.73.
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The stock witnessed a 2.54% gain in the last 1 month and extending the period to 3 months gives it a -23.75%, and is -0.80% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.68% over the week and 3.09% over the month.
Charter Communications Inc. (CHTR) has around 101100 employees, a market worth around $42.54B and $54.61B in sales. Current P/E ratio is 9.81 and Fwd P/E is 8.04. Profit margin for the company is 8.35%. Distance from 52-week low is 8.95% and -35.72% from its 52-week high. The company has generated returns on investments over the last 12 months (4.22%).
Charter Communications Inc. quarterly earnings per share for the current quarter are estimated at $7.96 with sales reaching $13.75B over the same period.The EPS is expected to grow by 13.68% this year, but quarterly earnings will post 1.10% year-over-year. Quarterly sales are estimated to grow 1.00% in year-over-year returns.
1,275 institutions hold shares in Charter Communications Inc. (CHTR), with institutional investors hold 91.66% of the company’s shares. The shares outstanding are 145.23M, and float is at 98.20M with Short Float at 11.16%. Institutions hold 61.18% of the Float.
The top institutional shareholder in the company is Dodge & Cox Inc with over 8.57 million shares valued at $3.15 billion. The investor’s holdings represent 5.72% of the CHTR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.38 million shares valued at $3.08 billion to account for 5.60% of the shares outstanding. The other top investors are Capital International Investors which holds 7.0 million shares representing 4.68% and valued at over $2.57 billion, while Blackrock Inc. holds 4.43% of the shares totaling 6.63 million with a market value of $2.44 billion.
Charter Communications Inc. (CHTR) Insider Activity
The most recent transaction is an insider sale by Jacobson Craig A, the company’s Director. SEC filings show that Jacobson Craig A sold 918 shares of the company’s common stock on Feb 28 ’24 at a price of $289.24 per share for a total of $0.27 million. Following the sale, the insider now owns 9331.0 shares.
Charter Communications Inc. disclosed in a document filed with the SEC on Feb 06 ’24 that Winfrey Christopher L (President and CEO) bought a total of 5,050 shares of the company’s common stock. The trade occurred on Feb 06 ’24 and was made at $295.29 per share for $1.49 million. Following the transaction, the insider now directly holds 57703.0 shares of the CHTR stock.
Still, SEC filings show that on Nov 17 ’23, Rutledge Thomas (Executive Chairman) disposed off 83,970 shares at an average price of $410.82 for $34.5 million. The insider now directly holds 0 shares of Charter Communications Inc. (CHTR).
