Thomas Rutledge Sells 18,200 Shares of Charter Communications (NASDAQ:CHTR) Stock

Charter Communications, Inc. (NASDAQ:CHTR) Director Thomas Rutledge sold 18,200 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the completion of the sale, the director owned 3,968 shares of the company’s stock, valued at $583,057.92. This trade represents a 82.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Thomas Rutledge also recently made the following trade(s):

• On Tuesday, May 26th, Thomas Rutledge sold 69,633 shares of Charter Communications stock. The stock was sold at an average price of $144.45, for a total transaction of $10,058,486.85.

Charter Communications Stock Performance

CHTR opened at $144.05 on Friday. Charter Communications, Inc. has a 1-year low of $136.63 and a 1-year high of $422.29. The stock has a market cap of $17.72 billion, a P/E ratio of 3.89, a P/E/G ratio of 0.25 and a beta of 0.76. The stock’s 50 day simple moving average is $189.60 and its 200 day simple moving average is $203.91. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing the consensus estimate of $10.01 by ($0.84). The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $8.42 earnings per share. As a group, equities analysts anticipate that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. New Street Research cut their price objective on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Benchmark decreased their target price on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. The Goldman Sachs Group lowered their target price on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Citigroup cut their price target on Charter Communications from $290.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Wells Fargo & Company increased their price target on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $290.38.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CHTR. Advisory Services Network LLC grew its holdings in Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after acquiring an additional 38 shares in the last quarter. Occudo Quantitative Strategies LP raised its stake in shares of Charter Communications by 1.4% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after purchasing an additional 41 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after purchasing an additional 41 shares in the last quarter. Pure Financial Advisors LLC lifted its position in shares of Charter Communications by 4.1% during the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Charter Communications by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after purchasing an additional 49 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

About Charter Communications

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.