Thomas Rutledge Sells 69,633 Shares of Charter Communications (NASDAQ:CHTR) Stock

Charter Communications, Inc. (NASDAQ:CHTR) Director Thomas Rutledge sold 69,633 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total value of $10,058,486.85. Following the completion of the sale, the director directly owned 3,968 shares in the company, valued at $573,177.60. This trade represents a 94.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, May 27th, Thomas Rutledge sold 18,200 shares of Charter Communications stock. The shares were sold at an average price of $146.94, for a total value of $2,674,308.00.

Charter Communications Price Performance

Charter Communications stock opened at $144.05 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The company has a market capitalization of $17.72 billion, a PE ratio of 3.89, a P/E/G ratio of 0.25 and a beta of 0.76. Charter Communications, Inc. has a 12 month low of $136.63 and a 12 month high of $422.29. The stock has a 50-day moving average price of $189.60 and a two-hundred day moving average price of $203.91.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Williams Trading set a $437.00 target price on Charter Communications in a research note on Monday, February 2nd. Benchmark decreased their target price on Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. TD Cowen raised their target price on Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. assumed coverage on Charter Communications in a research note on Wednesday, April 29th. They set a “neutral” rating and a $215.00 target price for the company. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $210.00 target price on shares of Charter Communications in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Reduce” and a consensus price target of $290.38.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CHTR. AQR Capital Management LLC boosted its position in shares of Charter Communications by 129.1% during the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after buying an additional 6,691 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Charter Communications by 16.3% during the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after acquiring an additional 128 shares during the period. Jones Financial Companies Lllp lifted its holdings in Charter Communications by 48.1% during the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after acquiring an additional 435 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Charter Communications by 451.1% during the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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.