Charter Communications Inc (NASDAQ:CHTR) insider John Bickham sold 14,017 shares of Charter Communications stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $340.86, for a total value of $4,777,834.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of CHTR stock traded down $6.34 during trading hours on Monday, reaching $337.82. 1,173,886 shares of the company’s stock were exchanged, compared to its average volume of 1,483,814. Charter Communications Inc has a 1 year low of $250.10 and a 1 year high of $370.09. The firm has a market capitalization of $77.56 billion, a price-to-earnings ratio of 64.72, a PEG ratio of 1.26 and a beta of 1.32. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.23 and a current ratio of 0.23.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, January 31st. The company reported $1.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.20). Charter Communications had a return on equity of 2.70% and a net margin of 2.82%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.15 billion. As a group, equities analysts forecast that Charter Communications Inc will post 7.19 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its holdings in Charter Communications by 49.6% in the second quarter. Advisors Asset Management Inc. now owns 34,623 shares of the company’s stock valued at $10,152,000 after acquiring an additional 11,477 shares during the period. Rathbone Brothers plc purchased a new stake in Charter Communications in the 3rd quarter valued at $1,246,000. Bank of Montreal Can grew its holdings in Charter Communications by 61.7% in the 3rd quarter. Bank of Montreal Can now owns 125,390 shares of the company’s stock valued at $40,862,000 after buying an additional 47,834 shares in the last quarter. Zweig DiMenna Associates LLC grew its holdings in shares of Charter Communications by 51.0% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 29,250 shares of the company’s stock worth $9,532,000 after purchasing an additional 9,879 shares during the period. Finally, Andra AP fonden grew its holdings in shares of Charter Communications by 5.9% during the 3rd quarter. Andra AP fonden now owns 16,200 shares of the company’s stock worth $5,279,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 74.25% of the company’s stock.
Several analysts recently weighed in on the company. Credit Suisse Group restated a “neutral” rating and issued a $345.00 price objective (up from $294.00) on shares of Charter Communications in a report on Friday, February 1st. Zacks Investment Research upgraded Charter Communications from a “hold” rating to a “buy” rating and set a $360.00 target price on the stock in a research note on Monday, October 22nd. SunTrust Banks cut their target price on Charter Communications from $390.00 to $365.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. BidaskClub lowered Charter Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 27th. Finally, Royal Bank of Canada set a $400.00 target price on Charter Communications and gave the company a “buy” rating in a research note on Saturday, February 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price 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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