Traders Sell Shares of Charter Communications (CHTR) on Strength (CHTR)

Traders sold shares of Charter Communications Inc (NASDAQ:CHTR) on strength during trading on Friday. $82.37 million flowed into the stock on the tick-up and $529.43 million flowed out of the stock on the tick-down, for a money net flow of $447.06 million out of the stock. Of all equities tracked, Charter Communications had the 8th highest net out-flow for the day. Charter Communications traded up $3.21 for the day and closed at $355.92

A number of research analysts recently weighed in on CHTR shares. Zacks Investment Research lowered Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Credit Suisse Group reissued a “neutral” rating and set a $345.00 target price (up from $294.00) on shares of Charter Communications in a report on Friday, February 1st. TD Securities started coverage on Charter Communications in a report on Wednesday, January 16th. They set a “buy” rating and a $385.00 target price on the stock. Cowen boosted their target price on Charter Communications from $337.00 to $357.00 and gave the stock an “outperform” rating in a report on Friday, December 7th. Finally, Nomura started coverage on Charter Communications in a report on Wednesday, January 16th. They set a “neutral” rating and a $330.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $359.22.

The company has a debt-to-equity ratio of 1.57, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $77.19 billion, a price-to-earnings ratio of 68.18, a P/E/G ratio of 1.20 and a beta of 1.40.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, January 31st. The company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $11.15 billion. Equities research analysts anticipate that Charter Communications Inc will post 7.54 EPS for the current year.

In other Charter Communications news, CAO Kevin D. Howard sold 14,197 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $343.18, for a total value of $4,872,126.46. Following the transaction, the chief accounting officer now directly owns 3,059 shares of the company’s stock, valued at approximately $1,049,787.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John D. Markley, Jr. sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $350.09, for a total value of $350,090.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,233 shares of company stock worth $19,544,909. Insiders own 0.83% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. We Are One Seven LLC bought a new stake in shares of Charter Communications during the 4th quarter valued at $26,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Charter Communications during the 4th quarter worth $29,000. Whitener Capital Management Inc. bought a new stake in shares of Charter Communications during the 4th quarter worth $29,000. Hanson McClain Inc. lifted its position 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 buying an additional 71 shares during the last quarter. Finally, Cornerstone Advisors Inc. lifted its position 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 buying an additional 44 shares during the last quarter. 74.67% of the stock is currently owned by hedge funds and other 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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