CHTR - Charter Communications, Inc.
| Previous Close | 441.93 |
| Open | 443.79 |
| Bid | 440.19 x 2200 |
| Ask | 440.34 x 1100 |
| Day's Range | 439.60 - 444.41 |
| 52 Week Range | 272.91 - 445.00 |
| Volume | 673,642 |
| Avg. Volume | 1,181,978 |
| Market Cap | 97.461B |
| Beta (3Y Monthly) | 1.14 |
| PE Ratio (TTM) | 74.41 |
| EPS (TTM) | 5.91 |
| Earnings Date | Oct 25, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 444.83 |
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Analysts Estimate Charter Communications (CHTR) to Report a Decline in Earnings: What to Look Out for
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- Moody's
CCO Holdings, LLC -- Moody's assigns Ba1 to Charter's new senior secured notes
Moody's Investors Service ("Moody's") assigned a Ba1 to Charter Communications, Inc.'s (Charter, Ba2 stable) new 30-year senior secured notes (maturing 2050) issued at Charter Communications Operating, LLC (CCO). Charter also upsized the recently issued 4.75% senior unsecured notes (maturing in 2030), at CCO Holdings, LLC (CCO Holdings), with a $500 million fungible add-on.
- PR Newswire
Charter Prices $1.5 Billion Senior Secured Notes
STAMFORD, Conn. , Oct. 15, 2019 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, Charter Communications ...
- PR Newswire
Charter Prices $500 Million Senior Unsecured Notes
STAMFORD, Conn., Oct. 15, 2019 /PRNewswire/ -- Charter Communications, Inc. (CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. (collectively, the "Issuers"), have priced $500 million in aggregate principal amount of senior unsecured notes due 2030 (the "Notes"). The Notes will form a part of the same series as the Issuers' senior unsecured notes due 2030 issued on October 1, 2019, which bear interest at a rate of 4.750% per annum. Charter intends to use the net proceeds from the sale of the Notes for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter or common units of Charter Communications Holdings, LLC and to repay certain indebtedness.
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Charter Offers Senior Unsecured Notes
STAMFORD, Conn., Oct. 15, 2019 /PRNewswire/ -- Charter Communications, Inc. (CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., intend to offer senior unsecured notes due 2030 (the "Notes"). Charter intends to use the net proceeds from the sale of the Notes for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter or common units of Charter Communications Holdings, LLC and to repay certain indebtedness. The Notes will be sold to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S. The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
- PR Newswire
Charter Offers Senior Secured Notes
STAMFORD, Conn. , Oct.15, 2019 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, Charter Communications ...
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- Insider Monkey
Is Charter Communications, Inc. (CHTR) A Good Stock To Buy According To Hedge Funds?
World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients' money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. […]
- PR Newswire
Charter Names Bill Archer EVP and President of Spectrum Enterprise
STAMFORD, Conn. , Oct. 8, 2019 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ:CHTR) today announced that Bill Archer will join the Company later this month as Executive Vice President and President ...
- American City Business Journals
Spectrum’s custom TV advertising tool launches in Orlando
Businesses looking to advertise in the Orlando area can now schedule a custom TV commercial using nothing more than a laptop. Spectrum Reach, the advertising and sales arm of Charter Communications Inc. (Nasdaq: CHTR), announced on Oct. 2 its Ad Portal tool is available in Orlando. Companies can now use the online tool to create or upload advertisements and create a customized TV schedule. Spectrum Reach Senior Vice President and Chief Marketing Officer Fred Bucher told Orlando Business Journal the product targets small businesses that market online because business owners believe TV advertising is too expensive or difficult to create.
- Barrons.com
Charter Communications Is Raising Prices. That’s Good News for the Stock.
Charter Communications stock is rising after KeyBanc upgraded the stock on news that the cable company is raising prices.
- Benzinga
KeyBanc Upgrades Charter Communications On Price Hike, Broadband Potential
Given Charter Communications Inc’s (NASDAQ: CHTR ) recent price increase, estimates for 2020 appear overly conservative, according to KeyBanc Capital Markets. The Analyst KeyBanc’s Brandon Nispel upgraded ...
- TheStreet.com
Charter Communications Shares Rise on KeyBanc Upgrade
KeyBanc Capital Markets upgrades its recommendation on Charter shares to overweight from sector weight.
- American City Business Journals
Why St. Louis stocks are trailing stocks nationally this year
St. Louis stocks far underperformed the national stock indexes through the first three quarters of the year, but almost a third of the local companies were up 20% or more.
- PR Newswire
Charter Announces Completion of Tender Offer for Debt Securities
STAMFORD, Conn., Oct. 1, 2019 /PRNewswire/ -- Charter Communications, Inc. (CHTR) (along with its subsidiaries, "Charter") today announced the completion of its previously announced tender offer (the "Tender Offer") by its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. to purchase any and all of its outstanding $500 million 5.250% senior notes due 2021 (the "2021 Notes"). The Tender Offer expired at 5:00 p.m. New York City time, on September 27, 2019 (the "Expiration Time"). In total, $60,628,000 or 12.13% of the 2021 Notes were validly tendered prior to the Expiration Time.
- PR Newswire
Charter Closes $1.35 Billion Senior Unsecured Notes
STAMFORD, Conn., Oct. 1, 2019 /PRNewswire/ -- Charter Communications, Inc. (CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., have closed on $1.35 billion in aggregate principal amount of senior unsecured notes due 2030 (the "Notes"). The Notes were sold to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S. The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
- Zacks
Will the Bull Run Continue for National Wireless Operators?
Telecommunications is a necessary utility. Therefore, telecommunication services can never be out of demand.
- Simply Wall St.
Charter Communications (NASDAQ:CHTR) Takes On Some Risk With Its Use Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
- Zacks
The Zacks Analyst Blog Highlights: Netflix, Charter, Dominion, Marathon and Cintas
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- Zacks
Top Analyst Reports for Netflix, Charter Communications & Dominion Energy
Top Analyst Reports for Netflix, Charter Communications & Dominion Energy
- Bloomberg
WeWork Gets Two New CEOs: “This Is Artie. He’s the Adult in the Room”
(Bloomberg) -- Years before he stepped down as chief executive officer of WeWork amid the wreckage of an over-hyped public offering, Adam Neumann was hosting an industry leader for an early lunch at the company's headquarters. It was the summer of 2017, and he brought the person over to the office of one of his deputies, Artie Minson. “This is Artie,” Neumann said. “He’s the adult in the room.”On Tuesday, Neumann resigned as CEO of We Co., WeWork’s parent company, and took the role of non-executive chairman, succumbing to mounting pressure from his board to relinquish power. The campaign to get Neumann to step aside came on the heels of reports of self-dealing and other governance issues that caused public investors to spurn the company, sending its expected valuation tumbling by billions of dollars. Neumann has been replaced by Minson and another WeWork executive, Sebastian Gunningham, who are now co-CEOs of the troubled co-working giant. The two men, both with years of public company experience in various roles—but scant background in real estate—will seek to bring order to the chaos that has surrounded WeWork’s botched IPO.Insiders describe Minson, an accountant by training who is said to have a dry sense of humor, as the opposite of the extroverted Neumann, who is a natural showman with a propensity for lofty rhetoric. But Minson has a history with the company, having worked closely with Neumann for four years, most recently as the company’s chief financial officer. Gunningham, WeWork’s vice chairman, spent years at Amazon.com Inc. and Oracle Corp. before joining the startup.Now, the pair will be tasked with rallying WeWork’s employees, all of whom are accustomed to stagecraft from a charismatic founder with a penchant for hiring famous musicians to perform at company functions. And they must also soothe anxious investors, leery of the company’s huge expenses, its history of unconventional governance structures and persistent inability to turn a profit.“It is an incredible honor to lead WeWork during this important moment in the company’s history,” the two men said in a joint statement. “Our core business is strong, and we will be taking clear actions to balance WeWork’s high growth, profitability and unique member experience while also evaluating the optimal timing for an IPO.”On that summer morning in 2017, after he introduced Minson as the resident adult, Neumann and the visiting executive went back to Neumann’s office, where the CEO went on to say he himself had matured, according to a person familiar with the conversation who asked not to be identified discussing a private meeting. “You might have heard I like a shot of tequila in meetings,” Neumann said. “But I like to think I’ve grown up.”Instead of tequila, Neumann produced two bottles of single-malt scotch whiskey and meted out small shots. It was before noon.The AccountantArtie Minson, according to a person familiar with the company, is a polished executive who represents a “sober choice” for WeWork. Minson studied accounting at Georgetown University and earned his master’s in business administration from Columbia Business School. As an accountant, he worked at Ernst & Young before starting work in the media industry.Minson did a tour of New York media companies. That included work at Time Warner Inc. and at Rainbow Media Holdings Inc., where he was the senior vice president for finance. Later, as the CFO of AOL Inc., he oversaw that company's successful spinoff from Time Warner in 2009, following their 2000 merger. His last job before WeWork was as CFO of Time Warner Cable, which he left shortly after Charter Communications Inc. agreed to buy the company for $56 billion under his watch.Minson arrived at WeWork in 2015, starting out as the company’s president and chief operating officer, later becoming its CFO. He has acted as a close aide to Neumann, alongside Jen Berrent, WeWork’s chief operating officer.Despite Minson’s numbers-heavy background, he still has “the salesman capability,” said one person who knows Minson but who asked not to be identified speaking about private interactions. Minson would often crack jokes when talking with the investors and analysts at Time Warner Cable, the person said, and was more personable than a typical CFO.He’s “gregarious,” the person said, while remaining “very numbers- and operations-oriented,” making him a “solid person” to counterbalance Neumann’s ephemeral persona.A Tech VeteranAmazon veteran Gunningham represents the technical chops of the new executive team. He arrived at WeWork last year, after spending more than a decade at the retail giant, where he held a senior vice president role in which he reported directly to Jeff Bezos. Gunningham grew up in Argentina and speaks fluent Spanish. He earned an undergraduate degree in math from Stanford University in 1985 and in 1989, he joined Oracle. Gunningham rose through the company’s ranks to run its Latin American division, based in Miami, before leaving to join Apple Inc. There, he helped the company break into corporate computing.It wasn’t all tech giants for Gunningham, though. He also ran a company called Peace Software that specialized in managing billing for utilities, and sold it to First Data Corp. in 2006. He joined Amazon the following year, back when the company still had a relatively flat structure. There, he built a sprawling organization to manage Amazon’s fast-growing third-party marketplace business. Later, he was responsible for implementing automation that made much of that operation obsolete.James Thomson, a partner at Buy Box Experts, who previously worked for Gunningham at Amazon, said his first reaction on hearing his old boss would be running WeWork was, "Oh, finally there's an adult at the company." At Amazon, he recalls Gunningham as a formidable executive who typically seemed to know more about each manager's business group than the manager did—and asked sharp questions at meetings.In one meeting, Gunningham asked Thomson, who was behind on his goals for recruiting third-party sellers, if he had looked into using different types of search ads; Thomson hadn't. In another meeting two weeks later, Gunningham brought up the idea again, and Thomson said hadn’t had time to check. Gunningham said that he’d done his own research and came with thoughts on which types of ads to pursue and how."Everyone in the room is like, 'Damn, you got called out,'" Thomson said. But Gunningham typically delivered the feedback in a calm, factual way, and wasn’t usually admonishing, Thomson said, making him well-liked among the rank and file.Despite his enormous personal wealth, Gunningham dressed casually. "It was the same clothes as us, just really nice versions," Thomson recalled, noting the executive's premium jeans.Gunningham is said to have adopted some of the leadership tactics of Jeff Bezos, who famously asks employees to silently read “narratively structured six-page memos” at the beginning of meetings. Gunningham would ask for business proposals presented as written narratives, and could drill into the details. By the time he left Amazon, was in the top rung of management under, and was a key Bezos lieutenant. In a letter to employees on Tuesday, Gunningham and Minson laid out how they would divide the roles of the chief executive. Minson will oversee finance, legal, human resources, real estate and communications functions, as well as corporate development, partnerships and ventures. Gunningham will focus on areas including WeWork’s product, technology, design and marketing. As the pair work to prepare WeWork for another run at the public markets, they vowed to “closely review all aspects of our company” and said they anticipated “difficult decisions ahead.” In the letter the co-CEOs implored employees to keep their focus on on WeWork’s customers and on their “day-to-day work,” adding “it’s more important now than ever.”(Adds detail on Gunningham’s management style)\--With assistance from Spencer Soper and Ellen Huet.To contact the authors of this story: Sarah McBride in San Francisco at smcbride24@bloomberg.netGillian Tan in New York at gtan129@bloomberg.netMatt Day in Seattle at mday63@bloomberg.netMichelle Davis in New York at mdavis194@bloomberg.netTo contact the editor responsible for this story: Anne VanderMey at avandermey@bloomberg.net, Tom GilesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Benzinga
11 Most Aggressively Shorted Stocks
Traders also look at the activity of short sellers for trading opportunities. Sometimes, stocks with a large amount of short selling activity could be potential candidates for short squeezes. Other times, ...
