Charter Communications, Inc. (NASDAQ:CHTR) EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the completion of the sale, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at approximately $12,741,431.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Charter Communications, Inc. (CHTR) traded down $14.90 during mid-day trading on Thursday, hitting $348.65. 1,768,248 shares of the stock traded hands, compared to its average volume of 1,746,042. The stock has a market capitalization of $91,923.55, a P/E ratio of 9.88, a PEG ratio of 2.79 and a beta of 1.14. The company has a quick ratio of 0.40, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. Charter Communications, Inc. has a fifty-two week low of $308.30 and a fifty-two week high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. research analysts forecast that Charter Communications, Inc. will post 4.92 EPS for the current fiscal year.
Several research firms have recently issued reports on CHTR. Barclays increased their price objective on shares of Charter Communications from $283.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday. Wells Fargo & Co raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $387.50 to $460.00 in a research report on Monday. Pivotal Research reissued a “buy” rating and issued a $500.00 price objective (up previously from $420.00) on shares of Charter Communications in a research report on Monday. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, TheStreet raised shares of Charter Communications from a “c” rating to a “b+” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $396.11.
TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/08/charter-communications-inc-chtr-evp-sells-9848520-00-in-stock.html.
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.
Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.