Charter Communications (NASDAQ:CHTR) Shares Gap Up - Here's What Happened

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $335.33, but opened at $359.50. Charter Communications shares last traded at $358.69, with a volume of 523,192 shares.

Analysts Set New Price Targets

CHTR has been the subject of several recent analyst reports. Benchmark restated a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Barclays boosted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Morgan Stanley raised their price target on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday. Royal Bank of Canada upped their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday. Finally, Loop Capital lifted their target price on Charter Communications from $385.00 to $430.00 and gave the stock a "hold" rating in a research report on Monday. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $399.35.

Charter Communications Stock Up 0.9 %

The firm has a fifty day moving average price of $355.36 and a 200 day moving average price of $358.85. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market cap of $53.50 billion, a P/E ratio of 10.78, a PEG ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The firm's quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business posted $7.55 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ST Germain D J Co. Inc. grew its position in shares of Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares during the period. Avior Wealth Management LLC lifted its position in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new position in Charter Communications during the 4th quarter worth about $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications in the fourth quarter valued at about $36,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after buying an additional 29 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.