Insider Selling: Charter Communications Inc (NASDAQ:CHTR) Director Sells 927 Shares of Stock

Charter Communications Inc (NASDAQ:CHTR) Director Lance Conn sold 927 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total value of $370,800.00. Following the transaction, the director now owns 9,552 shares in the company, valued at approximately $3,820,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Charter Communications stock traded up $4.06 during trading on Friday, hitting $414.31. 1,229,844 shares of the company were exchanged, compared to its average volume of 797,921. The company has a market capitalization of $91.65 billion, a price-to-earnings ratio of 79.37, a P/E/G ratio of 1.32 and a beta of 1.24. The stock has a fifty day moving average price of $391.61. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications Inc has a 1-year low of $271.56 and a 1-year high of $415.14.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.23). The firm had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. Sell-side analysts predict that Charter Communications Inc will post 7.19 EPS for the current year.

Large investors have recently bought and sold shares of the business. Hanson McClain Inc. lifted its holdings in shares of Charter Communications by 157.8% in the fourth quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. Rational Advisors LLC grew its holdings in Charter Communications by 230.3% in the first quarter. Rational Advisors LLC now owns 109 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares during the period. TCG Advisors LP purchased a new stake in Charter Communications in the first quarter valued at approximately $42,000. Sontag Advisory LLC purchased a new stake in Charter Communications in the fourth quarter valued at approximately $46,000. Finally, Huntington National Bank grew its holdings in Charter Communications by 31.1% in the first quarter. Huntington National Bank now owns 135 shares of the company’s stock valued at $47,000 after purchasing an additional 32 shares during the period. 71.91% of the stock is currently owned by hedge funds and other institutional investors.

CHTR has been the subject of several research reports. Royal Bank of Canada increased their price objective on PVH to $145.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday. Macquarie started coverage on Charter Communications in a research report on Wednesday, June 19th. They issued a “hold” rating and a $390.00 target price for the company. Pivotal Research raised their target price on Charter Communications from $425.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday. Finally, UBS Group cut Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $389.73.

About Charter Communications

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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Insider Buying and Selling by Quarter for Charter Communications (NASDAQ:CHTR)

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