Traders sold shares of Charter Communications Inc. (NASDAQ:CHTR) on strength during trading on Friday. $82.80 million flowed into the stock on the tick-up and $119.34 million flowed out of the stock on the tick-down, for a money net flow of $36.54 million out of the stock. Of all equities tracked, Charter Communications had the 0th highest net out-flow for the day. Charter Communications traded up $2.99 for the day and closed at $243.47

A number of brokerages recently issued reports on CHTR. Jefferies Group restated a “hold” rating on shares of Charter Communications in a report on Saturday, June 4th. Wells Fargo & Co. restated an “outperform” rating on shares of Charter Communications in a report on Thursday, June 30th. Wunderlich upped their target price on Charter Communications from $254.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 20th. Citigroup Inc. reiterated a “buy” rating and set a $270.00 target price on shares of Charter Communications in a report on Thursday, June 16th. Finally, Pivotal Research reiterated a “buy” rating and set a $285.00 target price (up previously from $250.00) on shares of Charter Communications in a report on Tuesday, May 24th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $252.46.

The firm has a 50 day moving average of $228.29 and a 200-day moving average of $201.94. The company’s market cap is $24.76 billion.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, April 28th. The company reported ($1.68) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.36) by $0.32. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.66 billion. Charter Communications’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.73) earnings per share. Analysts forecast that Charter Communications Inc. will post $0.60 earnings per share for the current fiscal year.

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

A number of hedge funds have recently made changes to their positions in CHTR. Utah Retirement Systems increased its stake in shares of Charter Communications by 0.7% in the fourth quarter. Utah Retirement Systems now owns 13,509 shares of the company’s stock valued at $2,474,000 after buying an additional 100 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Charter Communications by 7.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 10,550 shares of the company’s stock valued at $1,932,000 after buying an additional 751 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Charter Communications by 3.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 24,262 shares of the company’s stock valued at $4,442,000 after buying an additional 915 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Charter Communications by 0.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 209,846 shares of the company’s stock valued at $38,423,000 after buying an additional 1,019 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Charter Communications by 24.6% in the fourth quarter. Sei Investments Co. now owns 5,781 shares of the company’s stock valued at $1,058,000 after buying an additional 1,143 shares during the last quarter.

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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