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.
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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