Charter Communications Inc (NASDAQ: CHTR) is -9.24% lower on its value in year-to-date trading and has touched a low of $236.08 and a high of $415.27 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 $358.26 in the last trading session, with the day’s loss setting it -5.49%.
Currently trading at $352.77, the stock is -8.21% and -4.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -1.53% at the moment leaves the stock 10.07% off its SMA200. CHTR registered -8.69% loss for a year compared to 6-month gain of 21.50%. The firm has a 50-day simple moving average (SMA 50) of $368.1294 and a 200-day simple moving average (SMA200) of $320.50925.
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The stock witnessed a -8.33% loss in the last 1 month and extending the period to 3 months gives it a 6.77%, and is -9.19% 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 2.70% over the week and 2.78% over the month.
Charter Communications Inc (CHTR) has around 101100 employees, a market worth around $100.32B and $54.87B in sales. Current P/E ratio is 11.05 and Fwd P/E is 9.81. Profit margin for the company is 8.52%. Distance from 52-week low is 49.43% and -15.05% from its 52-week high. The company has generated returns on investments over the last 12 months (4.34%).
The EPS is expected to grow by 12.78% this year
1198.0 institutions hold shares in Charter Communications Inc (CHTR), with institutional investors hold 113.78% of the company’s shares. The shares outstanding are 142.20M, and float is at 96.30M with Short Float at 11.90%. Institutions hold 72.06% 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
Charter Communications Inc disclosed in a document filed with the SEC on Feb 28 ’24 that Jacobson Craig A (Director) sold a total of 918 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $289.24 per share for $0.27 million. Following the transaction, the insider now directly holds 9331.0 shares of the CHTR stock.
Still, SEC filings show that on Feb 06 ’24, Winfrey Christopher L (President and CEO) acquired 5,050 shares at an average price of $295.29 for $1.49 million. The insider now directly holds 57,703 shares of Charter Communications Inc (CHTR).
