Charter Communications (NASDAQ:CHTR) Director Thomas Rutledge Sells 69,633 Shares of Stock

Charter Communications, Inc. (NASDAQ:CHTRGet Free Report) Director Thomas Rutledge sold 69,633 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total value of $10,058,486.85. Following the completion of the transaction, the director directly owned 3,968 shares in the company, valued at $573,177.60. The trade was a 94.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Thomas Rutledge also recently made the following trade(s):

  • On Wednesday, May 27th, Thomas Rutledge sold 18,200 shares of Charter Communications stock. The shares were sold at an average price of $146.94, for a total value of $2,674,308.00.

Charter Communications Stock Up 0.1%

Shares of CHTR stock opened at $147.26 on Friday. The stock’s 50 day simple moving average is $190.90 and its 200 day simple moving average is $204.33. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a twelve month low of $136.63 and a twelve month high of $422.29. The company has a market capitalization of $18.11 billion, a price-to-earnings ratio of 3.98, a PEG ratio of 0.25 and a beta of 0.76.

Charter Communications (NASDAQ:CHTRGet Free Report) last issued its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $8.42 earnings per share. As a group, research analysts predict that Charter Communications, Inc. will post 43 EPS for the current year.

Institutional Trading of Charter Communications

Institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Charter Communications during the 1st quarter worth approximately $25,000. Quarry LP grew its holdings in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Charter Communications during the 4th quarter worth approximately $25,000. Finally, DV Equities LLC acquired a new stake in shares of Charter Communications during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their price target on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Citigroup dropped their price target on Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. New Street Research dropped their price target on Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $210.00 price target on shares of Charter Communications in a research report on Tuesday. Five research 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’s stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and an average price target of $290.38.

Read Our Latest Stock Report on CHTR

About Charter Communications

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Charter Communications (NASDAQ:CHTR)

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