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 business’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 of the company’s stock, valued at approximately $573,177.60. This represents a 94.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 Stock Up 0.1%

Charter Communications stock traded up $0.08 during midday trading on Thursday, hitting $147.26. The stock had a trading volume of 1,611,766 shares, compared to its average volume of 2,421,297. 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 stock has a market cap of $18.11 billion, a P/E ratio of 3.98, 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 business has a fifty day moving average price of $192.41 and a 200 day moving average price of $204.84.

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

Wall Street Analysts Forecast Growth

CHTR has been the subject of several research analyst reports. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. TD Cowen lifted their target price on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Williams Trading set a $437.00 target price on Charter Communications in a research note on Monday, February 2nd. New Street Research decreased their target price on Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $210.00 target price on shares of Charter Communications in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $290.38.

Hedge Funds Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its position in shares of 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 buying an additional 55 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Charter Communications during the first quarter worth approximately $25,000. Quarry LP boosted its position in shares of Charter Communications by 153.2% during the fourth quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the period. Altshuler Shaham Ltd acquired a new position in shares of Charter Communications during the fourth quarter worth approximately $25,000. Finally, DV Equities LLC acquired a new position in shares of Charter Communications during the fourth quarter worth approximately $25,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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.