Investors sold shares of Charter Communications Inc. (NASDAQ:CHTR) on strength during trading hours on Thursday. $87.56 million flowed into the stock on the tick-up and $120.86 million flowed out of the stock on the tick-down, for a money net flow of $33.30 million out of the stock. Of all stocks tracked, Charter Communications had the 0th highest net out-flow for the day. Charter Communications traded up $4.29 for the day and closed at $240.48

Several research firms have recently weighed in on CHTR. Citigroup Inc. reiterated a “buy” rating and issued a $270.00 price objective on shares of Charter Communications in a research note on Thursday, June 16th. Argus began coverage on shares of Charter Communications in a research note on Wednesday. They issued a “buy” rating and a $300.00 price objective for the company. Deutsche Bank AG reiterated a “buy” rating and issued a $285.00 price objective on shares of Charter Communications in a research note on Sunday, May 22nd. Morgan Stanley began coverage on shares of Charter Communications in a research note on Tuesday, June 14th. They issued an “overweight” rating and a $265.00 price objective for the company. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $230.00 price objective on shares of Charter Communications in a research note on Tuesday, June 28th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $252.46.

The firm’s market capitalization is $24.76 billion. The company’s 50 day moving average price is $228.29 and its 200 day moving average price is $201.94.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Thursday, April 28th. The company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.36) by $0.32. The company earned $2.53 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the business posted ($0.73) earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts forecast that Charter Communications Inc. will post $0.60 earnings per share for the current fiscal year.

In related news, CMO Jonathan Hargis sold 6,350 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $214.95, for a total transaction of $1,364,932.50. Following the sale, the chief marketing officer now directly owns 13,011 shares of the company’s stock, valued at $2,796,714.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A number of hedge funds recently bought and sold shares of CHTR. Vanguard Group Inc. raised its stake in Charter Communications by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 5,008,487 shares of the company’s stock valued at $917,054,000 after buying an additional 150,318 shares during the period. Egerton Capital UK LLP raised its stake in Charter Communications by 4.7% in the fourth quarter. Egerton Capital UK LLP now owns 2,151,727 shares of the company’s stock valued at $393,981,000 after buying an additional 96,897 shares during the period. Harris Associates L P raised its stake in Charter Communications by 455.5% in the fourth quarter. Harris Associates L P now owns 2,043,297 shares of the company’s stock valued at $374,127,000 after buying an additional 1,675,486 shares during the period. Morgan Stanley raised its stake in Charter Communications by 12.3% in the fourth quarter. Morgan Stanley now owns 378,455 shares of the company’s stock valued at $69,295,000 after buying an additional 41,521 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Charter Communications by 18.7% in the fourth quarter. Wells Fargo & Company MN now owns 276,095 shares of the company’s stock valued at $50,553,000 after buying an additional 43,430 shares during the period.

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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