Charter Communications (NASDAQ:CHTR) Director Thomas Rutledge Sells 69,633 Shares

Charter Communications, Inc. (NASDAQ:CHTR) Director Thomas Rutledge sold 69,633 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $144.45, for a total value of $10,058,486.85. Following the transaction, the director owned 3,968 shares of the company’s stock, valued at approximately $573,177.60. This represents a 94.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Thomas Rutledge also recently made the following trade(s):

• On Wednesday, May 27th, Thomas Rutledge sold 18,200 shares of Charter Communications stock. The stock was sold at an average price of $146.94, for a total value of $2,674,308.00.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded up $0.08 during midday trading on Thursday, hitting $147.26. 1,611,766 shares of the company’s stock were exchanged, compared to its average volume of 2,421,297. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s 50 day moving average price is $192.41 and its 200-day moving average price is $204.84. The firm has a market cap of $18.11 billion, a P/E ratio of 3.98, a PEG ratio of 0.25 and a beta of 0.76. Charter Communications, Inc. has a twelve month low of $136.63 and a twelve month high of $422.29.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.01 by ($0.84). The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.42 earnings per share. Equities research analysts anticipate that Charter Communications, Inc. will post 43 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CHTR shares. UBS Group set a $425.00 target price on Charter Communications in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft cut their target price on Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a research report on Monday, April 27th. JPMorgan Chase & Co. started coverage on Charter Communications in a research report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 target price for the company. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Finally, Williams Trading set a $437.00 target price on Charter Communications in a research report on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $290.38.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHTR. Capital Research Global Investors increased its holdings in shares of Charter Communications by 304.9% in the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after buying an additional 3,626,135 shares in the last quarter. Dodge & Cox increased its holdings in shares of Charter Communications by 23.7% in the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after buying an additional 2,801,671 shares in the last quarter. Norges Bank bought a new position in shares of Charter Communications in the fourth quarter valued at $555,383,000. Voyager Global Management LP increased its holdings in shares of Charter Communications by 1,380.0% in the fourth quarter. Voyager Global Management LP now owns 1,850,000 shares of the company’s stock valued at $386,188,000 after buying an additional 1,725,000 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after buying an additional 1,617,148 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.