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 firm’s stock in a transaction that occurred on 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 sale, the director owned 3,968 shares of the company’s stock, valued at $583,057.92. This trade represents a 82.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock traded up $0.08 during mid-day trading on Thursday, hitting $147.26. 1,611,766 shares of the company were exchanged, compared to its average volume of 2,421,297. The business has a 50 day simple moving average of $192.41 and a 200-day simple moving average of $204.84. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The stock has a market capitalization of $18.11 billion, a PE ratio of 3.98, a price-to-earnings-growth ratio of 0.25 and a beta of 0.76. Charter Communications, Inc. has a 1-year low of $136.63 and a 1-year high of $422.29.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same quarter last year, the business earned $8.42 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts forecast that Charter Communications, Inc. will post 43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. TD Cowen lifted their price target on shares of Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. The Goldman Sachs Group dropped their price target on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Royal Bank Of Canada dropped their price target on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. BNP Paribas Exane dropped their price target on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, February 24th. Finally, New Street Research dropped their price target on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $290.38.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC acquired a new position in Charter Communications during the fourth quarter valued at approximately $5,911,000. First Eagle Investment Management LLC raised its position in Charter Communications by 119.6% during the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after purchasing an additional 1,617,148 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in Charter Communications by 110.7% during the fourth quarter. Swiss Life Asset Management Ltd now owns 31,239 shares of the company’s stock valued at $6,521,000 after purchasing an additional 16,415 shares in the last quarter. Optimize Financial Inc bought a new stake in shares of Charter Communications during the third quarter worth $1,557,000. Finally, AustralianSuper Pty Ltd bought a new stake in shares of Charter Communications during the third quarter worth $28,651,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

About Charter Communications

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.