Could Charter Communications, Inc. Change Direction After Today’s Bullish Options Activity?

 Could Charter Communications, Inc. Change Direction After Today's Bullish Options Activity?

In today’s session Charter Communications, Inc. (CHTR) registered an unusually high (536) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CHTR increase. With 536 contracts traded and 24314 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CHTR161118C00275000 closed last at: $1.25 or 75.5% down. About 238,074 shares traded hands. Charter Communications, Inc. (NASDAQ:CHTR) has risen 29.58% since April 14, 2016 and is uptrending. It has outperformed by 24.89% the S&P500.

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. Charter Comm has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Thursday, February 25 by JP Morgan. The firm earned “Buy” rating on Monday, June 20 by Wunderlich. On Monday, September 26 the stock rating was maintained by Pivotal Research with “Buy”. The stock of Charter Communications, Inc. (NASDAQ:CHTR) earned “Outperform” rating by Telsey Advisory Group on Monday, October 10. The rating was downgraded by Moffett Nathanson on Tuesday, October 11 to “Neutral”. Macquarie Research maintained it with “Outperform” rating and $289 target price in Wednesday, September 28 report. The stock of Charter Communications, Inc. (NASDAQ:CHTR) has “Buy” rating given on Monday, August 29 by Guggenheim. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, August 16. On Monday, May 2 the stock rating was maintained by Wunderlich with “Buy”. The rating was initiated by Suntrust Robinson on Wednesday, November 11 with “Buy”.

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 dropped, 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.
Hanson And Doremus Mngmt owns 1,091 shares or 0.11% of their US portfolio. Selkirk Lc holds 6.9% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR) for 50,000 shares. Private Ocean Ltd Company last reported 0% of its portfolio in the stock. Tradewinds Ltd Limited Liability Company accumulated 0.02% or 90 shares. Great West Life Assurance Co Can accumulated 40,096 shares or 0.03% of the stock. Wellington Shields Ltd Liability Corporation has invested 0.1% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR). The Maryland-based Burt Wealth Advisors has invested 0.09% in Charter Communications, Inc. (NASDAQ:CHTR). The Georgia-based Covey Capital Advisors Limited Liability Company has invested 0.93% in Charter Communications, Inc. (NASDAQ:CHTR). Texas Yale Capital reported 10,630 shares or 0.24% of all its holdings. Nebula Management L P has 2,305 shares for 4.17% of their US portfolio. Moreover, Kemnay Advisory Serv has 6.56% invested in Charter Communications, Inc. (NASDAQ:CHTR) for 36,997 shares. The New York-based Levin Strategies Ltd Partnership has invested 0.01% in Charter Communications, Inc. (NASDAQ:CHTR). Capwealth Advsrs Limited Co, a Tennessee-based fund reported 24 shares. Dorsey & Whitney Com Limited Liability Com has invested 0.14% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR). Moreover, Burney has 0.04% invested in Charter Communications, Inc. (NASDAQ:CHTR) for 2,361 shares.

Insider Transactions: Since August 11, 2016, the stock had 1 insider purchase, and 4 sales for $13.97 million net activity. 3,000 shares were sold by Jacobson Craig A, worth $774,454. The insider Hargis Jonathan sold 7,233 shares worth $1.83M. The insider Dykhouse Richard R sold $2.15 million. Ramos Mauricio had bought 1,000 shares worth $255,000 on Thursday, August 18. 36,825 shares were sold by Bickham John, worth $9.46 million on Tuesday, August 16.

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 important recent Charter Communications, Inc. (NASDAQ:CHTR) news were published by: Wsj.com which released: “Charter Communications’ Revenue Rises 7.4%” on November 03, 2016, also Bizjournals.com published article titled: “Charter Communications hiring hundreds in San Antonio, onshore workers”, Bizjournals.com published: “N.C. Commerce hails Charter Communications apprentice program for training its …” on October 24, 2016. More interesting news about Charter Communications, Inc. (NASDAQ:CHTR) was released by: Forbes.com and their article: “Charter Communications Becomes Oversold (CHTR)” with publication date: October 27, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment