Investors Sell Charter Communications (CHTR) on Strength (CHTR)

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.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.15 billion. As a group, analysts predict that Charter Communications Inc will post 7.54 earnings per share for the current year.

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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