Investors sold shares of Charter Communications, Inc. (NASDAQ:CHTR) on strength during trading hours on Tuesday. $87.55 million flowed into the stock on the tick-up and $132.31 million flowed out of the stock on the tick-down, for a money net flow of $44.76 million out of the stock. Of all companies tracked, Charter Communications had the 7th highest net out-flow for the day. Charter Communications traded up $0.84 for the day and closed at $393.32

A number of equities research analysts recently commented on the stock. Citigroup Inc. increased their price objective on shares of Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a research note on Tuesday, August 22nd. UBS AG reissued a “buy” rating and issued a $450.00 price objective (up from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Telsey Advisory Group cut shares of Charter Communications from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $450.00 to $340.00 in a research note on Tuesday. BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $410.00 price objective (up from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $375.73.

The firm has a 50-day moving average of $382.02 and a 200 day moving average of $344.27. The company has a market cap of $101.43 billion, a price-to-earnings ratio of 112.67 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.29. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The business had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. During the same period last year, the firm earned $0.99 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications, Inc. will post $0.60 earnings per share for the current year.

In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Guardian Life Insurance Co. of America grew its stake in Charter Communications by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after acquiring an additional 6 shares in the last quarter. RMB Capital Management LLC grew its stake in Charter Communications by 1.0% during the 1st quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock valued at $267,000 after acquiring an additional 8 shares in the last quarter. Allen Operations LLC grew its stake in Charter Communications by 0.8% during the 1st quarter. Allen Operations LLC now owns 979 shares of the company’s stock valued at $320,000 after acquiring an additional 8 shares in the last quarter. MML Investors Services LLC grew its stake in Charter Communications by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 842 shares of the company’s stock valued at $284,000 after acquiring an additional 11 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its stake in Charter Communications by 4.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after acquiring an additional 16 shares in the last quarter. 74.15% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/09/05/traders-sell-shares-of-charter-communications-inc-chtr-on-strength-chtr-5.html.

About Charter Communications

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.