Charter Communications Inc (NASDAQ:CHTR) insider John Bickham sold 14,017 shares of Charter Communications stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $340.86, for a total value of $4,777,834.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CHTR stock traded down $6.34 during trading on Monday, reaching $337.82. 1,173,886 shares of the stock traded hands, compared to its average volume of 1,483,814. Charter Communications Inc has a 52-week low of $250.10 and a 52-week high of $370.09. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.57. The company has a market cap of $77.56 billion, a PE ratio of 64.72, a price-to-earnings-growth ratio of 1.26 and a beta of 1.32.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.20). Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Equities analysts forecast that Charter Communications Inc will post 7.19 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of CHTR. Advisors Asset Management Inc. boosted its position in shares of Charter Communications by 49.6% in the second quarter. Advisors Asset Management Inc. now owns 34,623 shares of the company’s stock worth $10,152,000 after buying an additional 11,477 shares during the period. Rathbone Brothers plc purchased a new stake in shares of Charter Communications in the third quarter worth about $1,246,000. Bank of Montreal Can boosted its position in shares of Charter Communications by 61.7% in the third quarter. Bank of Montreal Can now owns 125,390 shares of the company’s stock worth $40,862,000 after buying an additional 47,834 shares during the period. Zweig DiMenna Associates LLC boosted its position in shares of Charter Communications by 51.0% in the third quarter. Zweig DiMenna Associates LLC now owns 29,250 shares of the company’s stock worth $9,532,000 after buying an additional 9,879 shares during the period. Finally, Andra AP fonden boosted its position in shares of Charter Communications by 5.9% in the third quarter. Andra AP fonden now owns 16,200 shares of the company’s stock worth $5,279,000 after buying an additional 900 shares during the period. 74.25% of the stock is owned by institutional investors.
CHTR has been the subject of a number of recent analyst reports. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. Cowen lifted their price objective on Charter Communications from $337.00 to $357.00 and gave the company an “outperform” rating in a research report on Friday, December 7th. Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $338.00 price objective for the company in a research report on Tuesday, January 8th. UBS Group lowered their price objective on Charter Communications from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, Buckingham Research lowered their price objective on Charter Communications from $418.00 to $383.00 and set a “buy” rating for the company in a research report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $361.21.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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