Investors Sell Charter Communications Inc. (CHTR) on Strength (CHTR)
Investors sold shares of Charter Communications Inc. (NASDAQ:CHTR) on strength during trading hours on Friday. $419.91 million flowed into the stock on the tick-up and $466.44 million flowed out of the stock on the tick-down, for a money net flow of $46.53 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 $11.61 for the day and closed at $268.82
Several analysts recently commented on CHTR shares. Deutsche Bank AG raised their price target on shares of Charter Communications from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, May 12th. JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $236.00 to $284.00 and gave the stock an “overweight” rating in a report on Wednesday, May 18th. Pivotal Research restated a “buy” rating and set a $285.00 price target (up from $250.00) on shares of Charter Communications in a report on Tuesday, May 24th. Barclays PLC raised their price target on shares of Charter Communications from $204.00 to $238.00 and gave the stock an “equal weight” rating in a report on Thursday, May 26th. Finally, Raymond James Financial Inc. upgraded shares of Charter Communications from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $156.13 to $218.94 in a report on Wednesday, June 1st. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $271.26.
The stock has a 50 day moving average of $246.60 and a 200 day moving average of $217.96. The company has a market cap of $73.64 billion and a price-to-earnings ratio of 12.14.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.28. During the same quarter in the prior year, the firm posted ($1.09) earnings per share. The business earned $9.99 billion during the quarter, compared to analyst estimates of $1.66 billion. Charter Communications’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts expect that Charter Communications Inc. will post $0.60 EPS for the current year.
In related news, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $258.15, for a total value of $774,450.00. Following the completion of the transaction, the director now directly owns 16,563 shares in the company, valued at approximately $4,275,738.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Hargis sold 7,233 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $253.21, for a total value of $1,831,467.93. Following the completion of the transaction, the executive vice president now owns 13,255 shares of the company’s stock, valued at $3,356,298.55. The disclosure for this sale can be found here.
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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