May 26, 2022

Notable News Spotlight: Charter Communications (NASDAQ:CHTR)

Charter Communications (NASDAQ:CHTR) changed -2.93% to recent value of $381.52. The stock transacted 4699062 shares during most recent day however it has an average volume of 1.62M shares. It spotted trading -30.19% off 52-week high price. On the other end, the stock has been noted 11.18% away from the low price over the last 52-weeks.

On March 18, 2020, Charter Communications (NASDAQ:CHTR) reported that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. (collectively, the Issuers), have closed on $2.5 billion in aggregate principal amount of notes consisting of the following securities:

  • $1.1 billion in aggregate principal amount of senior unsecured notes due 2030 (the 2030 Notes). The 2030 Notes form a part of the same series as the Issuers’ senior unsecured notes due 2030 issued on February 18, 2020, which bear interest at a rate of 4.500% per annum. The 2030 Notes were issued at a price of 102.500% of the aggregate principal amount.
  • $1.4 billion in aggregate principal amount of senior unsecured notes due 2032 (the 2032 Notes, and together with the 2030 Notes, the Notes). The 2032 Notes bear interest at a rate of 4.500% per annum and were issued at a price of 100.000% of the aggregate principal amount.

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.

CHTR has a gross margin of 51.50% and an operating margin of 14.20% while its profit margin remained 3.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 42.70% for this year while earning per share for the next 5-years is expected to reach at 48.51%.

The company has 221.33M of outstanding shares and 147.03M shares were floated in the market. According to the most recent quarter its current ratio was 0.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -21.78% from the mean of 20 days, -24.27% from mean of 50 days SMA and performed -14.54% from mean of 200 days price. Company’s performance for the week was -15.34%, -29.03% for month and YTD performance remained -21.35%.

Shawn Harris is a Master’s in Business Administration by education. After completing his post-graduation, Shawn jumped the journalism bandwagon as a freelance journalist. Soon after that he landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Shawn is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing.