Charter Communications Inc. (NASDAQ:CHTR) traded down 1.3% on Thursday . The stock traded as low as $253.41 and last traded at $254.11, with a volume of 997,402 shares changing hands. The stock had previously closed at $257.43.

Several equities research analysts have weighed in on the stock. Jefferies Group reissued a “hold” rating on shares of Charter Communications in a research report on Saturday, June 4th. Wells Fargo & Co. reissued an “outperform” rating on shares of Charter Communications in a research report on Thursday, June 30th. Wunderlich increased their price target on shares of Charter Communications from $254.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, June 20th. Barclays PLC increased their price target on shares of Charter Communications from $238.00 to $265.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $270.00 target price on shares of Charter Communications in a research report on Thursday, June 16th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $265.26.

The stock has a market capitalization of $69.04 billion and a price-to-earnings ratio of 11.38. The firm’s 50 day moving average price is $240.27 and its 200-day moving average price is $211.46.

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

In other news, Director Craig A. Jacobson sold 3,000 shares of the business’s 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 directly owns 16,563 shares of the company’s stock, valued at $4,275,738.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Hargis sold 7,233 shares of the business’s 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 $3,356,298.55. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of CHTR. RS Investment Management Co. LLC raised its stake in shares of Charter Communications by 1.9% in the fourth quarter. RS Investment Management Co. LLC now owns 385,470 shares of the company’s stock worth $70,580,000 after buying an additional 7,190 shares in the last quarter. Principal Financial Group Inc. raised its stake 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 worth $36,306,000 after buying an additional 192,907 shares in the last quarter. Westfield Capital Management Co. LP raised its stake 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 worth $29,565,000 after buying an additional 63,856 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Charter Communications by 8.6% in the fourth quarter. BlackRock Advisors LLC now owns 130,296 shares of the company’s stock worth $23,857,000 after buying an additional 10,311 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Charter Communications by 4.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 115,962 shares of the company’s stock worth $21,233,000 after buying an additional 5,004 shares in 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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