The Attractiveness of Investing In Charter Communications Inc. (CHTR) is Growing

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Charter Communications Inc.’s filing revealed that its Director Zinterhofer Eric Louis acquired Company’s shares for reported $10.17 million on Nov 01. In the deal valued at $374.04 per share,27,202 shares were bought. As a result of this transaction, Zinterhofer Eric Louis now holds 46,901 shares worth roughly $ 16.36 million.


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Then, Hargis Jonathan sold 3,000 shares, generating $1,375,347 in total proceeds. Upon selling the shares at $458.45, the EVP/Chief Marketing Officer now owns 2,604 shares.

Before that, Hargis Jonathan sold 2,300 shares. Charter Communications Inc. shares valued at $1,069,052 were divested by the EVP/Chief Marketing Officer at a price of $464.81 per share. As a result of the transaction, Hargis Jonathan now holds 5,604 shares, worth roughly $1.95 million.

Wolfe Research upgraded its Charter Communications Inc. [CHTR] rating to a Peer perform from a an Underperform in a research note published on Friday. A number of analysts have revised their coverage, including Atlantic Equities’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “a Neutral”. Argus also remained covering CHTR and has decreased its forecast on August 09, 2022 with a “Hold” recommendation from previously “Buy” rating. Barclays revised its rating on August 01, 2022. It rated CHTR as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of CHTR

On Friday, Charter Communications Inc. [NASDAQ:CHTR] saw its stock jump 1.33% to $348.82. On the same session, the stock had its day’s lowest price of $342.38, but rose to a high of $352.81. Over the last five days, the stock has lost -5.27%. Charter Communications Inc. shares have fallen nearly -46.50% since the year began. Nevertheless, the stocks have fallen -49.16% over the past one year. While a 52-week high of $706.93 was reached on 01/04/22, a 52-week low of $297.66 was recorded on 10/13/22. SMA at 50 days reached $353.57, while 200 days put it at $472.05. A total of 1.22 million shares were traded, compared to the trading of 1.43 million shares in the previous session.

Levels Of Support And Resistance For CHTR Stock

The 24-hour chart illustrates a support level at 343.20, which if violated will result in even more drops to 337.57. On the upside, there is a resistance level at 353.63. A further resistance level may holdings at 358.43. The Relative Strength Index (RSI) on the 14-day chart is 51.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 52.09%. Stochastics %K at 44.46% indicates the stock is a holding.

How much short interest is there in Charter Communications Inc.?

A steep rise in short interest was recorded in Charter Communications Inc. stocks on Jul 14, 2022, dropping by -0.62 million shares to a total of 7.35 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.97 million shares. There was a decline of -8.44%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.35.

Charter Communications Inc. [CHTR] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 8,473,809 shares, or roughly 5.44% of the outstanding CHTR shares. In other words, the investor’s shares have risen by 282,995 from its previous 13-F filing of 8190814.0. Additionally, The Vanguard Group, Inc. decreased -15.05% of its stake after which the total value it holdings stand at $2,195,841,141, while Dodge & Cox added 1.20% of its stake to hold $2.05 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -242,517 shares of Charter Communications Inc., while Massachusetts Financial Services sold 1,014,432 shares. At present, BlackRock Fund Advisors is holding 5,177,661 shares valued at $1.57 billion. Harris Associates LP owned 4,165,307 shares of the company at the time of its most recent 13F filing, worth $1.26 billion.

According to FactSet, Charter Communications Inc.’s share price will average $468.92 in the next year, based on opinions of analysts polled by the firm. This is up nearly 35.08 percent from its previous closing price of $344.25. Analysts expect Charter Communications Inc. stock to reach the higher price of $670.00, while the lowest price estimate is $273.00. However, 30 analysts have rated CHTR stock as an Overweight in their predictions for 2022.

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