Charter Communications, Inc. (NASDAQ:CHTR) Chairman Thomas Rutledge Sells 83,970 Shares

Charter Communications, Inc. (NASDAQ:CHTR) Chairman Thomas Rutledge sold 83,970 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $410.82, for a total value of $34,496,555.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, November 14th, Thomas Rutledge sold 87,903 shares of Charter Communications stock. The shares were sold at an average price of $414.37, for a total value of $36,424,366.11.

Charter Communications Trading Up 1.3 %

Charter Communications stock opened at $413.06 on Tuesday. The business has a 50 day moving average price of $429.13 and a two-hundred day moving average price of $395.02. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 6.50. The stock has a market cap of $61.10 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.14. Charter Communications, Inc. has a 12 month low of $302.21 and a 12 month high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, October 27th. The company reported $8.25 EPS for the quarter, beating the consensus estimate of $7.73 by $0.52. The firm had revenue of $13.58 billion during the quarter, compared to analysts’ expectations of $13.64 billion. Charter Communications had a return on equity of 34.63% and a net margin of 8.60%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.38 EPS. As a group, equities analysts forecast that Charter Communications, Inc. will post 31.96 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

Several large investors have recently added to or reduced their stakes in the company. Diversified Trust Co raised its holdings in Charter Communications by 6.9% in the 3rd quarter. Diversified Trust Co now owns 606 shares of the company’s stock valued at $267,000 after acquiring an additional 39 shares in the last quarter. Creative Planning raised its holdings in shares of Charter Communications by 8.8% in the 3rd quarter. Creative Planning now owns 7,773 shares of the company’s stock worth $3,419,000 after buying an additional 626 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Charter Communications by 20.4% in the 3rd quarter. Harbour Investments Inc. now owns 165 shares of the company’s stock worth $73,000 after buying an additional 28 shares in the last quarter. First Foundation Advisors acquired a new position in shares of Charter Communications in the 3rd quarter worth approximately $223,000. Finally, Morgan Stanley raised its holdings in shares of Charter Communications by 15.8% in the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after buying an additional 161,830 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup lowered their target price on Charter Communications from $480.00 to $425.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Wells Fargo & Company upgraded Charter Communications from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $450.00 to $550.00 in a research note on Friday, September 22nd. Bank of America upped their price target on Charter Communications from $425.00 to $450.00 and gave the stock a “neutral” rating in a research note on Monday, July 31st. JPMorgan Chase & Co. upped their price target on Charter Communications from $450.00 to $500.00 in a research note on Friday, July 28th. Finally, Sanford C. Bernstein initiated coverage on Charter Communications in a research note on Thursday, October 5th. They set a “market perform” rating and a $463.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $501.52.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; security suite that protects computers from viruses and spyware, and threats from malicious actors; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.