Charter Communications (NASDAQ:CHTR) Director Sells $2,674,308.00 in Stock

Charter Communications, Inc. (NASDAQ:CHTR) Director Thomas Rutledge sold 18,200 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the transaction, the director owned 3,968 shares in the company, valued at $583,057.92. The trade was a 82.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Thomas Rutledge also recently made the following trade(s):

• On Tuesday, May 26th, Thomas Rutledge sold 69,633 shares of Charter Communications stock. The stock was sold at an average price of $144.45, for a total transaction of $10,058,486.85.

Charter Communications Stock Performance

CHTR opened at $144.05 on Friday. The firm has a market capitalization of $17.72 billion, a PE ratio of 3.89, a PEG ratio of 0.25 and a beta of 0.76. Charter Communications, Inc. has a twelve month low of $136.63 and a twelve month high of $422.29. The firm’s 50-day moving average price is $189.60 and its 200 day moving average price is $203.91. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.42 earnings per share. As a group, sell-side analysts expect that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of recent research reports. Benchmark lowered their price target on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. BNP Paribas Exane lowered their price target on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 24th. New Street Research reduced their target price on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. Finally, Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $290.38.

Institutional Investors Weigh In On Charter Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dodge & Cox increased its stake in Charter Communications by 23.7% during the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock worth $3,049,675,000 after acquiring an additional 2,801,671 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Charter Communications by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock valued at $2,139,330,000 after acquiring an additional 885,935 shares during the period. State Street Corp raised its stake in shares of Charter Communications by 22.7% in the 3rd quarter. State Street Corp now owns 7,961,695 shares of the company’s stock valued at $2,190,302,000 after acquiring an additional 1,475,383 shares during the period. Capital Research Global Investors raised its stake in shares of Charter Communications by 304.9% in the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after acquiring an additional 3,626,135 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Charter Communications by 119.6% in the 4th quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after acquiring an additional 1,617,148 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.