Charter Communications, Inc. (NASDAQ:CHTR) posted its quarterly earnings data on Thursday. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by $0.14, Briefing.com reports. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a net margin of 10.55% and a return on equity of 1.41%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS.

Charter Communications (NASDAQ:CHTR) traded up 3.88% during trading on Thursday, hitting $362.30. The stock had a trading volume of 2,491,334 shares. The firm has a market cap of $96.93 billion, a price-to-earnings ratio of 24.61 and a beta of 1.07. The firm’s 50 day moving average is $338.93 and its 200 day moving average is $328.95. Charter Communications has a 1-year low of $233.00 and a 1-year high of $370.96.

A number of research firms recently commented on CHTR. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. BidaskClub lowered Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Wunderlich lowered Charter Communications from a “buy” rating to a “hold” rating and decreased their price objective for the company from $360.00 to $350.00 in a research note on Wednesday, May 3rd. SunTrust Banks, Inc. began coverage on Charter Communications in a research note on Tuesday, April 18th. They set a “buy” rating and a $380.00 price objective on the stock. Finally, Macquarie reaffirmed a “buy” rating and set a $365.00 price objective on shares of Charter Communications in a research note on Tuesday, May 2nd. Eleven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Charter Communications presently has an average rating of “Buy” and an average target price of $333.92.

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In related news, Director Craig A. Jacobson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $323.62, for a total transaction of $323,620.00. Following the completion of the transaction, the director now owns 13,436 shares of the company’s stock, valued at approximately $4,348,158.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Hargis sold 6,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $325.75, for a total value of $1,954,500.00. Following the transaction, the executive vice president now directly owns 13,049 shares of the company’s stock, valued at approximately $4,250,711.75. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in shares of Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock valued at $197,000 after buying an additional 3 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Charter Communications by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after buying an additional 6 shares in the last quarter. RMB Capital Management LLC raised its position in shares of Charter Communications by 1.0% in the first quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock valued at $267,000 after buying an additional 8 shares in the last quarter. Allen Operations LLC raised its position in shares of Charter Communications by 0.8% in the first quarter. Allen Operations LLC now owns 979 shares of the company’s stock valued at $320,000 after buying an additional 8 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its position in shares of Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after buying an additional 16 shares in the last quarter. 74.44% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History for Charter Communications (NASDAQ:CHTR)

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