Charter Communications Inc (CHTR) Director Sells $497,113.50 in Stock

Charter Communications Inc (NASDAQ:CHTR) Director Craig A. Jacobson sold 1,325 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $375.18, for a total transaction of $497,113.50. Following the completion of the sale, the director now owns 12,773 shares of the company’s stock, valued at approximately $4,792,174.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NASDAQ CHTR traded down $2.42 during trading on Friday, reaching $376.80. 945,786 shares of the stock were exchanged, compared to its average volume of 1,216,665. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. The stock has a market cap of $83.86 billion, a P/E ratio of 72.18, a PEG ratio of 1.21 and a beta of 1.40. Charter Communications Inc has a twelve month low of $259.48 and a twelve month high of $387.41.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.23). Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The company had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter last year, the firm posted $0.70 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Charter Communications Inc will post 7.17 EPS for the current fiscal year.

CHTR has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Credit Suisse Group reiterated a “neutral” rating and set a $345.00 price target (up from $294.00) on shares of Charter Communications in a report on Friday, February 1st. Citigroup lifted their price target on shares of Charter Communications from $390.00 to $427.00 and gave the stock a “buy” rating in a report on Monday, May 6th. BidaskClub downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Finally, TD Securities lifted their price target on shares of Charter Communications from $385.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, February 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Charter Communications presently has an average rating of “Buy” and an average price target of $365.88.

A number of hedge funds have recently added to or reduced their stakes in CHTR. We Are One Seven LLC acquired a new position in shares of Charter Communications during the fourth quarter valued at $26,000. Massey Quick Simon & CO. LLC acquired a new stake in Charter Communications in the fourth quarter worth about $29,000. Whitener Capital Management Inc. acquired a new stake in Charter Communications in the fourth quarter worth about $29,000. Hanson McClain Inc. lifted its holdings in Charter Communications by 157.8% in the fourth quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, Rational Advisors LLC lifted its holdings in Charter Communications by 230.3% in the first quarter. Rational Advisors LLC now owns 109 shares of the company’s stock worth $38,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 71.92% of the company’s stock.

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Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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