What’s in Charter Communications, Inc. After Today’s Bearish Options Activity?

 What's in Charter Communications, Inc. After Today's Bearish Options Activity?

In today’s session Charter Communications, Inc. (CHTR) recorded an unusually high (623) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CHTR decrease. With 623 contracts traded and 6564 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CHTR170120P00255000 closed last at: $5.1 or 25% down. About 266,332 shares traded hands. Charter Communications, Inc. (NASDAQ:CHTR) has risen 31.26% since April 28, 2016 and is uptrending. It has outperformed by 25.33% the S&P500.

Analysts await Charter Communications, Inc. (NASDAQ:CHTR) to report earnings on February, 2. They expect $1.06 EPS, up 187.60% or $2.27 from last year’s $-1.21 per share. CHTR’s profit will be $290.76 million for 64.07 P/E if the $1.06 EPS becomes a reality. After $0.69 actual EPS reported by Charter Communications, Inc. for the previous quarter, Wall Street now forecasts 53.62% 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 $271.71 average target is 0.01% above today’s ($271.67) stock price. Charter Comm has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Macquarie Research on Wednesday, September 28. The firm earned “Buy” rating on Wednesday, November 11 by Suntrust Robinson. Telsey Advisory Group maintained the shares of CHTR in a report on Monday, November 2 with “Outperform” rating. The company was maintained on Wednesday, August 10 by Jefferies. JP Morgan maintained it with “Overweight” rating and $284 target price in Wednesday, May 18 report. As per Tuesday, June 14, the company rating was reinitiated by Morgan Stanley. The firm has “Buy” rating by Guggenheim given on Monday, August 29. Moffett Nathanson upgraded the stock to “Buy” rating in Thursday, November 10 report. The stock of Charter Communications, Inc. (NASDAQ:CHTR) has “Buy” rating given on Wednesday, July 20 by Argus Research. As per Thursday, February 25, the company rating was upgraded by JP Morgan.

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 increased to 0.09 in Q2 2016. Its up 0.06, from 0.03 in 2016Q1. The ratio increased, 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.
The New York-based Wellington Shields Capital Mngmt Ltd Liability Corporation has invested 0.1% in Charter Communications, Inc. (NASDAQ:CHTR). Burney Company accumulated 0.04% or 2,361 shares. Moreover, Hanson Doremus Invest Management has 0.11% invested in Charter Communications, Inc. (NASDAQ:CHTR) for 1,091 shares. Burt Wealth has 355 shares for 0.09% of their US portfolio. Texas Yale Cap holds 0.24% or 10,630 shares in its portfolio. Great West Life Assurance Co Can, a Manitoba – Canada-based fund reported 40,096 shares. Dorsey And Whitney Company Limited Liability Corp, a South Dakota-based fund reported 2,647 shares. Capwealth Advsrs Limited has 24 shares for 0% of their US portfolio. Kemnay Advisory Services last reported 36,997 shares in the company. Private Ocean Limited Liability Corp holds 7 shares or 0% of its portfolio. Nebula Cap Mngmt L P accumulated 2,305 shares or 4.17% of the stock. Levin Capital Strategies Lp has invested 0.01% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR). Tradewinds Mngmt Ltd has 0.02% invested in the company for 90 shares. Selkirk Mngmt Ltd Company has 6.9% invested in the company for 50,000 shares. Eidelman Virant Cap has 904 shares for 0.13% of their US portfolio.

Insider Transactions: Since August 11, 2016, the stock had 1 insider buy, and 4 insider sales for $13.97 million net activity. Jacobson Craig A also sold $774,454 worth of Charter Communications, Inc. (NASDAQ:CHTR) on Thursday, August 11. On Thursday, August 11 Dykhouse Richard R sold $2.15 million worth of the stock or 8,380 shares. 36,825 Charter Communications, Inc. (NASDAQ:CHTR) shares with value of $9.46 million were sold by Bickham John. Ramos Mauricio bought $255,000 worth of stock or 1,000 shares. 7,233 shares were sold by Hargis Jonathan, worth $1.83 million on Thursday, August 11.

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 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 Nasdaq.com published the news titled: “Charter Communications: Prospects Bright, Competition Rife” on November 25, 2016. Benzinga.com‘s news article titled: “Wunderlich Boosts Target On Charter Communications By $50 To $330” with publication date: December 01, 2016 was also an interesting one.

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