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 traded. The stock had previously closed at $257.43.

A number of equities research analysts have commented on the stock. Citigroup Inc. reissued a “buy” rating and set a $270.00 price objective on shares of Charter Communications in a report on Thursday, June 16th. Argus assumed coverage on shares of Charter Communications in a report on Wednesday, July 20th. They set a “buy” rating and a $300.00 price objective on the stock. Deutsche Bank AG reissued a “buy” rating and set a $285.00 price objective on shares of Charter Communications in a report on Sunday, May 22nd. Morgan Stanley assumed coverage on shares of Charter Communications in a report on Tuesday, June 14th. They set an “overweight” rating and a $265.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Charter Communications from a “hold” rating to a “strong-buy” rating and set a $297.00 price objective on the stock in a report on Friday, August 12th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $269.21.

The stock has a market cap of $68.44 billion and a price-to-earnings ratio of 11.28. The firm’s 50 day moving average price is $241.74 and its 200 day moving average price is $212.32.

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

In other Charter Communications news, Director Craig A. Jacobson sold 3,000 shares of Charter Communications stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $258.15, for a total value of $774,450.00. Following the transaction, the director now owns 16,563 shares in the company, valued at $4,275,738.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mauricio Ramos bought 1,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was acquired at an average price of $255.00 per share, for a total transaction of $255,000.00. Following the transaction, the director now owns 1,997 shares of the company’s stock, valued at $509,235. The disclosure for this purchase can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in CHTR. RS Investment Management Co. LLC boosted its position in 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. Westfield Capital Management Co. LP boosted its position in 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 boosted its position in 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. Schwab Charles Investment Management Inc. boosted its position in 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. Finally, KBC Group NV boosted its position in Charter Communications by 67.6% in the fourth quarter. KBC Group NV now owns 26,027 shares of the company’s stock worth $4,765,000 after buying an additional 10,498 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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