Charter Communications Inc. (NASDAQ:CHTR)’s share price hit a new 52-week high on Monday . The company traded as high as $261.59 and last traded at $260.13, with a volume of 342,313 shares. The stock had previously closed at $258.62.

CHTR has been the subject of a number of analyst reports. Pivotal Research reissued a “buy” rating and set a $285.00 target price (up previously from $250.00) on shares of Charter Communications in a research note on Tuesday, May 24th. Jefferies Group reissued a “hold” rating on shares of Charter Communications in a research note on Saturday, June 4th. Barclays PLC lifted their target price on shares of Charter Communications from $204.00 to $238.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 26th. Deutsche Bank AG lifted their target price on shares of Charter Communications from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, May 12th. Finally, Wunderlich lifted their target price on shares of Charter Communications from $221.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, May 2nd. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Charter Communications has an average rating of “Buy” and a consensus price target of $265.26.

The stock has a market cap of $69.67 billion and a price-to-earnings ratio of 11.48. The firm has a 50-day moving average of $239.15 and a 200-day moving average of $211.12.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.28. The firm had revenue of $9.99 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the company earned ($1.09) EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts predict that Charter Communications Inc. will post $0.60 EPS for the current year.

In other Charter Communications news, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $258.15, for a total transaction of $774,450.00. Following the completion of the sale, the director now owns 16,563 shares of the company’s stock, valued at approximately $4,275,738.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Hargis sold 7,233 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $253.21, for a total transaction of $1,831,467.93. Following the sale, the executive vice president now directly owns 13,255 shares of the company’s stock, valued at approximately $3,356,298.55. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of Charter Communications by 14.9% in the fourth quarter. Bank of Montreal Can now owns 9,277 shares of the company’s stock valued at $1,698,000 after buying an additional 1,201 shares during the period. Principal Financial Group Inc. raised its position in shares of Charter Communications by 3,590.3% in the fourth quarter. Principal Financial Group Inc. now owns 198,280 shares of the company’s stock valued at $36,306,000 after buying an additional 192,907 shares during the period. KBC Group NV raised its position in shares of Charter Communications by 67.6% in the fourth quarter. KBC Group NV now owns 26,027 shares of the company’s stock valued at $4,765,000 after buying an additional 10,498 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Charter Communications by 65.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 161,471 shares of the company’s stock valued at $29,565,000 after buying an additional 63,856 shares during the period. Finally, Utah Retirement Systems raised its position 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 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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