Charter Communications, Inc. (CHTR) Director Acquires $391,572.00 in Stock
Charter Communications, Inc. (NASDAQ:CHTR) Director David C. Merritt bought 1,200 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were bought at an average price of $326.31 per share, with a total value of $391,572.00. Following the transaction, the director now directly owns 8,174 shares in the company, valued at $2,667,257.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Charter Communications, Inc. (NASDAQ:CHTR) traded up 0.04% during midday trading on Monday, hitting $322.12. The stock had a trading volume of 747,555 shares. The company has a 50-day moving average of $331.92 and a 200-day moving average of $305.73. Charter Communications, Inc. has a 1-year low of $201.04 and a 1-year high of $350.38. The stock has a market cap of $86.18 billion, a price-to-earnings ratio of 21.88 and a beta of 1.04.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.42. The company had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.26 billion. Charter Communications had a net margin of 13.87% and a return on equity of 0.62%. The business’s revenue for the quarter was up 301.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.68) earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post $0.60 EPS for the current year.
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CHTR has been the subject of several analyst reports. Zacks Investment Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, January 23rd. Evercore ISI restated an “overweight” rating on shares of Charter Communications in a research report on Monday, February 27th. Moffett Nathanson downgraded Charter Communications from a “buy” rating to a “neutral” rating and set a $337.00 target price for the company. in a research report on Wednesday, February 22nd. Macquarie restated a “buy” rating and set a $365.00 target price on shares of Charter Communications in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC raised their target price on Charter Communications from $280.00 to $310.00 and gave the stock a “hold” rating in a research report on Friday, February 17th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $320.74.
A number of hedge funds have recently bought and sold shares of the stock. Dodge & Cox bought a new stake in Charter Communications during the fourth quarter worth $2,981,844,000. Global Endowment Management LP bought a new stake in Charter Communications during the third quarter worth $7,686,000. Round Hill Asset Management bought a new stake in Charter Communications during the fourth quarter worth $6,814,000. Addison Capital Co increased its stake in Charter Communications by 229.7% in the first quarter. Addison Capital Co now owns 5,216 shares of the company’s stock worth $1,707,000 after buying an additional 3,634 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in Charter Communications by 30.0% in the third quarter. APG Asset Management N.V. now owns 715,062 shares of the company’s stock worth $193,045,000 after buying an additional 165,200 shares during the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.
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.
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