Charter Communications Inc. (NASDAQ: CHTR) is -16.07% lower on its value in year-to-date trading and has touched a low of $236.08 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 $317.01 in the last trading session, with the day’s gains setting it 9.21%.
Currently trading at $326.22, the stock is -2.05% and -5.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 2.91% at the moment leaves the stock 3.49% off its SMA200. CHTR registered -24.73% loss for a year compared to 6-month gain of 12.25%. The firm has a 50-day simple moving average (SMA 50) of $344.0306 and a 200-day simple moving average (SMA200) of $314.9659.
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The stock witnessed a -8.31% loss in the last 1 month and extending the period to 3 months gives it a 9.12%, and is -1.27% 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 3.02% over the week and 3.35% over the month.
Charter Communications Inc. (CHTR) has around 101100 employees, a market worth around $46.56B and $54.66B in sales. Current P/E ratio is 10.40 and Fwd P/E is 9.34. Profit margin for the company is 8.51%. Distance from 52-week low is 38.18% and -28.82% from its 52-week high. The company has generated returns on investments over the last 12 months (4.24%).
The EPS is expected to grow by 11.53% this year.
Charter Communications Inc. (CHTR) Top Institutional Holders
1142.0 institutions hold shares in Charter Communications Inc. (CHTR), with institutional investors hold 117.58% of the company’s shares. The shares outstanding are 145.23M, and float is at 96.56M with Short Float at 12.31%. Institutions hold 73.78% of the Float.
The top institutional shareholder in the company is DODGE & COX with over 11.68 million shares valued at $3.49 billion. The investor’s holdings represent 8.0832% of the CHTR Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL INTERNATIONAL INVESTORS with 9.85 million shares valued at $2.94 billion to account for 6.8155 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 8.08 million shares representing 5.5906% and valued at over $2.42 billion, while BLACKROCK INC. holds 4.5951 of the shares totaling 6.64 million with a market value of $1.99 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 16 ’23, Rutledge Thomas (Executive Chairman) disposed off 155,756 shares at an average price of $411.54 for $64.1 million. The insider now directly holds 83,970 shares of Charter Communications Inc. (CHTR).
