Investors sold shares of Charter Communications Inc (NASDAQ:CHTR) on strength during trading on Tuesday. $90.76 million flowed into the stock on the tick-up and $188.06 million flowed out of the stock on the tick-down, for a money net flow of $97.30 million out of the stock. Of all stocks tracked, Charter Communications had the 33rd highest net out-flow for the day. Charter Communications traded up $1.43 for the day and closed at $342.51
CHTR has been the topic of a number of research reports. Cowen raised their target price on shares of Charter Communications from $337.00 to $357.00 and gave the company an “outperform” rating in a research note on Friday, December 7th. Zacks Investment Research raised shares of Charter Communications from a “hold” rating to a “buy” rating and set a $338.00 target price on the stock in a research note on Tuesday, January 8th. TD Securities raised their target price on shares of Charter Communications from $385.00 to $405.00 and gave the company a “buy” rating in a research note on Friday, February 1st. Nomura initiated coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They issued a “neutral” rating and a $330.00 target price on the stock. Finally, BidaskClub downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Two investment 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. The company currently has a consensus rating of “Buy” and a consensus price target of $359.22.
The company has a market capitalization of $77.19 billion, a PE ratio of 67.57, a price-to-earnings-growth ratio of 1.20 and a beta of 1.40. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.23 and a current ratio of 0.23.
In other news, EVP Richard R. Dykhouse sold 11,000 shares of the business’s stock in a transaction dated Thursday, February 7th. The shares were 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 of the company’s stock, valued at approximately $5,659,359.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kevin D. Howard sold 14,197 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $343.18, for a total transaction of $4,872,126.46. Following the completion of the sale, the chief accounting officer now directly owns 3,059 shares of the company’s stock, valued at approximately $1,049,787.62. The disclosure for this sale can be found here. Insiders have sold a total of 57,233 shares of company stock worth $19,544,909 in the last ninety days. 0.83% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Senator Investment Group LP bought a new stake in shares of Charter Communications in the 3rd quarter worth about $236,263,000. Paloma Partners Management Co bought a new stake in shares of Charter Communications in the 3rd quarter worth about $33,840,000. Altarock Partners LLC boosted its holdings in shares of Charter Communications by 11.7% in the 3rd quarter. Altarock Partners LLC now owns 766,598 shares of the company’s stock valued at $249,819,000 after buying an additional 80,200 shares during the period. Morgan Stanley boosted its holdings in shares of Charter Communications by 1.1% in the 3rd quarter. Morgan Stanley now owns 955,767 shares of the company’s stock valued at $311,467,000 after buying an additional 9,976 shares during the period. Finally, LS Investment Advisors LLC boosted its holdings in shares of Charter Communications by 11.7% in the 4th quarter. LS Investment Advisors LLC now owns 3,984 shares of the company’s stock valued at $1,135,000 after buying an additional 418 shares during the period. 74.67% of the stock is owned by institutional investors.
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Charter Communications Company Profile (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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