Charter Communications, Inc.’s Trend Up, Especially After This Options Activity

 Charter Communications, Inc.'s Trend Up, Especially After This Options Activity

In today’s session Charter Communications, Inc. (CHTR) registered an unusually high (854) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CHTR increase. With 854 contracts traded and 74034 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CHTR161021C00280000 closed last at: $1.4 or 20% down. About 552,462 shares traded hands. Charter Communications, Inc. (NASDAQ:CHTR) has risen 45.13% since March 4, 2016 and is uptrending. It has outperformed by 37.09% the S&P500.

Analysts await Charter Communications, Inc. (NASDAQ:CHTR) to report earnings on November, 3. They expect $0.57 earnings per share, up 7.55% or $0.04 from last year’s $0.53 per share. CHTR’s profit will be $154.52 million for 117.54 P/E if the $0.57 EPS becomes a reality. After $0.99 actual earnings per share reported by Charter Communications, Inc. for the previous quarter, Wall Street now forecasts -42.42% negative EPS growth.

Charter Communications, Inc. (NASDAQ:CHTR) Ratings Coverage

Out of 20 analysts covering Charter Comm (NASDAQ:CHTR), 17 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 85% are positive. $350 is the highest target while $204 is the lowest. The $266.36 average target is -0.61% below today’s ($267.99) stock price. Charter Comm has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, November 11 by SunTrust. The stock of Charter Communications, Inc. (NASDAQ:CHTR) earned “Buy” rating by Suntrust Robinson on Wednesday, November 11. The rating was maintained by Jefferies on Wednesday, August 10 with “Hold”. The firm has “Overweight” rating by JP Morgan given on Thursday, February 25. The firm has “Buy” rating given on Monday, June 20 by Wunderlich. The firm earned “Buy” rating on Monday, May 2 by Wunderlich. Pivotal Research maintained it with “Buy” rating and $350 target price in Monday, September 26 report. The stock of Charter Communications, Inc. (NASDAQ:CHTR) earned “Buy” rating by Guggenheim on Monday, August 29. The firm has “Outperform” rating by Macquarie Research given on Wednesday, September 28. Deutsche Bank maintained the stock with “Buy” rating in Thursday, August 11 report.

According to Zacks Investment Research, “Charter Communications is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet access, and Charter Spectrum Voice. Spectrum Business similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter’s advertising sales and production services are sold under the Charter Media brand.”

Insitutional Activity: The institutional sentiment decreased to 0.03 in Q2 2016. Its down 1.22, from 1.25 in 2016Q1. The ratio fall, as 309 funds sold all Charter Communications, Inc. shares owned while 5 reduced positions. 8 funds bought stakes while 2 increased positions. They now own 160,570 shares or 99.87% less from 120.69 million shares in 2016Q1.
Tradewinds Capital Limited Com reported 90 shares or 0.02% of all its holdings. Private Ocean Ltd Liability Com accumulated 7 shares or 0% of the stock. Burney last reported 0.04% of its portfolio in the stock. Texas Yale Cap Corp holds 0.24% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR) for 10,630 shares. Great West Life Assurance Can owns 40,096 shares or 0.03% of their US portfolio. Hanson And Doremus Inv Management holds 1,091 shares or 0.11% of its portfolio. The Tennessee-based Capwealth Advsr Ltd Co has invested 0% in Charter Communications, Inc. (NASDAQ:CHTR). Levin Capital Strategies Lp, a New York-based fund reported 2,962 shares. Covey Capital Ltd owns 7,428 shares or 0.93% of their US portfolio. Dorsey & Whitney Com Ltd Com has 0.14% invested in the company for 2,647 shares. Moreover, Selkirk Management Lc has 6.9% invested in Charter Communications, Inc. (NASDAQ:CHTR) for 50,000 shares. Nebula Management Lp, a Connecticut-based fund reported 2,305 shares. The New York-based Kemnay Advisory has invested 6.56% in Charter Communications, Inc. (NASDAQ:CHTR). Burt Wealth last reported 0.09% of its portfolio in the stock. Eidelman Virant Capital, a Missouri-based fund reported 904 shares.

Insider Transactions: Since August 11, 2016, the stock had 1 buying transaction, and 4 sales for $13.97 million net activity. 1,000 shares with value of $255,000 were bought by Ramos Mauricio on Thursday, August 18. $1.83M worth of Charter Communications, Inc. (NASDAQ:CHTR) shares were sold by Hargis Jonathan. The insider Dykhouse Richard R sold 8,380 shares worth $2.15 million. On Tuesday, August 16 Bickham John sold $9.46 million worth of the stock or 36,825 shares. Another trade for 3,000 shares valued at $774,454 was sold by Jacobson Craig A.

CHTR Company Profile

Charter Communications, Inc. (Charter), incorporated on July 22, 1999, is a well-known provider of cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. The Firm operates through broadband services segment. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services. The Company’s infrastructure consists of a hybrid of fiber and coaxial cable plant with approximately 12.8 million estimated passings, with over 98% at approximately 550 megahertz (MHz), over 99% of plant miles two-way active and approximately 100% of plant all-digital. The Firm sells its video, Internet and voice services primarily on a subscription basis, often in a bundle of two or more services. It offers Charter Spectrum brand in its all-digital markets. Digital video enables its clients to access advanced video services, such as high definition (HD) television, video on demand programming, an interactive program guide and digital video recorder (DVR) service. Through Spectrum Business, it provides tailored broadband communications solutions to business and carrier organizations, such as video entertainment services, Internet access, business telephone services, data networking and fiber connectivity to cellular towers and office buildings. The Company’s advertising sales division, Spectrum Reach, provides local, regional and national businesses with a focus on advertising in individual markets on cable television networks. Through its hybrid fiber and coaxial cable network, the Company offers its clients traditional cable video services, as well as advanced video services (such as video on demand, HD television, and DVR service), Internet services and voice services. The Company’s voice services are provided using voice over Internet protocol (VoIP) technology, to transmit digital voice signals over the Company’s systems.

More notable recent Charter Communications, Inc. (NASDAQ:CHTR) news were published by: Bizjournals.com which released: “Charter Communications signs huge lease, plans 800 jobs” on October 04, 2016, also Wsj.com with their article: “Charter Communications to Offer a Wireless Product, CEO Says” published on September 21, 2016, Finance.Yahoo.com published: “Telecom Stock Roundup: Charter Communications to Enter Wireless Market …” on September 29, 2016. More interesting news about Charter Communications, Inc. (NASDAQ:CHTR) were released by: Forbes.com and their article: “Electronic Arts Becomes #17 Most Shorted Nasdaq 100 Component, Replacing …” published on September 27, 2016 as well as Zacks.com‘s news article titled: “T-Mobile US to Buy Spectrum from Charter Communications” with publication date: September 26, 2016.

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