Key Points
- Charter Communications director Thomas Rutledge sold 69,633 shares on May 26 at an average price of $144.45, totaling about $10.06 million. After the sale, his direct holdings fell to 3,968 shares, a 94.61% decrease in his position.
- CHTR has been under pressure, with shares trading at $147.26 versus a 52-week high of $422.29 and below both its 50-day and 200-day moving averages. The company also reported mixed quarterly results, missing EPS estimates while revenue came in slightly above expectations.
- Analysts remain cautious overall despite some buy ratings, with the stock carrying a consensus rating of "Reduce" and a consensus price target of $290.38. Several firms recently trimmed their price targets, including Citigroup, Goldman Sachs, Deutsche Bank, and RBC.
Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) Director Thomas Rutledge sold 18,200 shares of Charter Communications stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total value of $2,674,308.00. Following the transaction, the director directly owned 3,968 shares of the company's stock, valued at approximately $583,057.92. The trade was a 82.10% 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 Tuesday, May 26th, Thomas Rutledge sold 69,633 shares of Charter Communications stock. The shares were sold at an average price of $144.45, for a total value of $10,058,486.85.
Charter Communications Stock Up 0.1%
Shares of NASDAQ CHTR opened at $147.26 on Friday. The stock has a market cap of $18.11 billion, a PE ratio of 3.98, a PEG ratio of 0.25 and a beta of 0.76. The business has a fifty day moving average of $190.90 and a two-hundred day moving average of $204.33. Charter Communications, Inc. has a 52-week low of $136.63 and a 52-week high of $422.29. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40.
Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.01 by ($0.84). The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm's revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $8.42 earnings per share. As a group, equities research analysts expect that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on CHTR shares. Sanford C. Bernstein reissued a "market perform" rating and set a $210.00 price objective on shares of Charter Communications in a report on Tuesday. JPMorgan Chase & Co. initiated coverage on Charter Communications in a report on Wednesday, April 29th. They issued a "neutral" rating and a $215.00 price target for the company. UBS Group set a $425.00 price target on Charter Communications in a report on Thursday, January 29th. TD Cowen lifted their price target on Charter Communications from $428.00 to $437.00 and gave the company a "buy" rating in a report on Monday, February 2nd. Finally, The Goldman Sachs Group cut their price target on Charter Communications from $210.00 to $185.00 and set a "sell" rating for the company in a report on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $290.38.
Get Our Latest Stock Report on CHTR
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in Charter Communications by 129.1% in the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company's stock worth $4,356,000 after purchasing an additional 6,691 shares during the period. Integrated Wealth Concepts LLC increased its position in Charter Communications by 16.3% in the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company's stock worth $336,000 after purchasing an additional 128 shares during the period. Jones Financial Companies Lllp increased its position in Charter Communications by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company's stock worth $493,000 after purchasing an additional 435 shares during the period. Geneos Wealth Management Inc. increased its position in Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock worth $35,000 after purchasing an additional 55 shares during the period. Finally, Acadian Asset Management LLC increased its position in Charter Communications by 451.1% in the first quarter. Acadian Asset Management LLC now owns 733 shares of the company's stock worth $270,000 after purchasing an additional 600 shares during the period. 81.76% of the stock is owned by institutional investors.
Charter Communications Company Profile
(
Get Free Report)
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.
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