Investors Sell Charter Communications (CHTR) on Strength (CHTR)
Investors sold shares of Charter Communications Inc (NASDAQ:CHTR) on strength during trading on Tuesday. $67.51 million flowed into the stock on the tick-up and $188.21 million flowed out of the stock on the tick-down, for a money net flow of $120.70 million out of the stock. Of all companies tracked, Charter Communications had the 19th highest net out-flow for the day. Charter Communications traded up $3.10 for the day and closed at $360.45
A number of equities research analysts have commented on the company. Credit Suisse Group reissued a “neutral” rating and issued a $345.00 target price (up previously from $294.00) on shares of Charter Communications in a report on Friday, February 1st. BidaskClub downgraded Charter Communications from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 27th. Royal Bank of Canada set a $400.00 target price on Charter Communications and gave the company a “buy” rating in a report on Saturday, February 2nd. Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 price target for the company in a research note on Tuesday, February 26th. Finally, Nomura initiated coverage on Charter Communications in a research note on Wednesday, January 16th. They set a “neutral” rating and a $330.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Charter Communications currently has an average rating of “Buy” and a consensus price target of $359.22.
The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $80.21 billion, a price-to-earnings ratio of 69.05, a PEG ratio of 1.27 and a beta of 1.40.
In other Charter Communications news, EVP Richard R. Dykhouse sold 11,000 shares of Charter Communications stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $340.72, for a total value of $3,747,920.00. Following the completion of the sale, the executive vice president now owns 16,610 shares in the company, valued at approximately $5,659,359.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Hargis sold 15,000 shares of Charter Communications stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $339.51, for a total value of $5,092,650.00. Following the completion of the sale, the executive vice president now owns 15,964 shares of the company’s stock, valued at approximately $5,419,937.64. The disclosure for this sale can be found here. Insiders sold a total of 57,233 shares of company stock valued at $19,544,909 in the last 90 days. 0.83% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. We Are One Seven LLC purchased a new stake in Charter Communications in the 4th quarter valued at about $26,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Charter Communications during the 4th quarter worth about $29,000. Whitener Capital Management Inc. purchased a new stake in shares of Charter Communications during the 4th quarter worth about $29,000. Hanson McClain Inc. grew its holdings in shares of Charter Communications by 157.8% during the 4th quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, Cornerstone Advisors Inc. grew its holdings in shares of Charter Communications by 55.7% during the 3rd quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock worth $40,000 after purchasing an additional 44 shares during the period. Institutional investors own 74.31% of the company’s stock.
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About Charter Communications (NASDAQ:CHTR)
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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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