Investors Sell Charter Communications Inc. (CHTR) on Strength (CHTR)
Investors sold shares of Charter Communications Inc. (NASDAQ:CHTR) on strength during trading on Thursday. $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 equities 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
CHTR has been the subject of several analyst reports. Pivotal Research reiterated a “buy” rating and set a $285.00 price target (up previously from $250.00) on shares of Charter Communications in a research report on Tuesday, May 24th. Jefferies Group reiterated a “hold” rating on shares of Charter Communications in a research report on Saturday, June 4th. Barclays PLC lifted their price target on shares of Charter Communications from $204.00 to $238.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 26th. Deutsche Bank AG lifted their price target on shares of Charter Communications from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, May 12th. Finally, Raymond James Financial Inc. upgraded shares of Charter Communications from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $156.13 to $218.94 in a research report on Wednesday, June 1st. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $271.26.
The firm has a market cap of $73.64 billion and a price-to-earnings ratio of 12.14. The company has a 50 day moving average price of $246.60 and a 200 day moving average price of $217.96.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the 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 firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.09) EPS. On average, equities research analysts forecast that Charter Communications Inc. will post $0.60 EPS for the current year.
In other Charter Communications news, EVP Jonathan Hargis sold 7,233 shares of the firm’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 transaction of $1,831,467.93. Following the completion of the transaction, the executive vice president now owns 13,255 shares in the company, valued at approximately $3,356,298.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mauricio Ramos purchased 1,000 shares of the stock in a transaction on Thursday, August 18th. The shares were purchased at an average price of $255.00 per share, with a total value of $255,000.00. Following the acquisition, the director now owns 1,997 shares in the company, valued at approximately $509,235. The disclosure for this purchase 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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