Charter Communications, Inc. (NASDAQ:CHTR) EVP Jonathan Hargis Sells 10,976 Shares
Charter Communications, Inc. (NASDAQ:CHTR) EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction on 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 $7,191,975. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Charter Communications, Inc. (CHTR) traded up 2.24% during trading on Monday, hitting $403.34. 1,259,895 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $355.52 and a 200 day moving average price of $335.77. Charter Communications, Inc. has a 52-week low of $241.50 and a 52-week high of $408.83. The company has a market cap of $104.01 billion, a price-to-earnings ratio of 115.54 and a beta of 1.09.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.29. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. On average, equities research analysts predict that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in CHTR. BlackRock Inc. boosted its stake in Charter Communications by 2,782.4% in the first quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock worth $3,997,603,000 after buying an additional 11,789,426 shares in the last quarter. FMR LLC boosted its stake in shares of Charter Communications by 12.4% in the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after buying an additional 1,165,353 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Charter Communications by 32.3% in the first quarter. Jennison Associates LLC now owns 3,286,979 shares of the company’s stock valued at $1,075,894,000 after buying an additional 801,716 shares during the last quarter. Allen Investment Management LLC acquired a new stake in shares of Charter Communications during the second quarter valued at approximately $127,850,000. Finally, Vanguard Group Inc. boosted its stake in shares of Charter Communications by 2.6% in the first quarter. Vanguard Group Inc. now owns 13,492,605 shares of the company’s stock valued at $4,416,400,000 after buying an additional 341,513 shares during the last quarter. Institutional investors and hedge funds own 77.79% of the company’s stock.
A number of research firms recently weighed in on CHTR. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a report on Wednesday, June 28th. BidaskClub cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. UBS AG reaffirmed a “buy” rating and set a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a research report on Monday. Wunderlich cut shares of Charter Communications from a “buy” rating to a “hold” rating and cut their price target for the company from $360.00 to $350.00 in a research report on Wednesday, May 3rd. Finally, SunTrust Banks, Inc. began coverage on shares of Charter Communications in a research report on Tuesday, April 18th. They set a “buy” rating and a $380.00 price target on the stock. Eleven analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Charter Communications currently has a consensus rating of “Buy” and a consensus price target of $369.96.
Charter Communications Company Profile
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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