Charter Communications Inc (NASDAQ:CHTR) COO John Bickham sold 9,584 shares of Charter Communications stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $604.62, for a total transaction of $5,794,678.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
John Bickham also recently made the following trade(s):
- On Friday, July 31st, John Bickham sold 75,265 shares of Charter Communications stock. The stock was sold at an average price of $571.75, for a total transaction of $43,032,763.75.
- On Wednesday, June 24th, John Bickham sold 9,583 shares of Charter Communications stock. The stock was sold at an average price of $511.57, for a total transaction of $4,902,375.31.
NASDAQ CHTR opened at $622.55 on Wednesday. The firm has a market capitalization of $124.93 billion, a P/E ratio of 56.98, a PEG ratio of 1.05 and a beta of 1.06. The business has a fifty day simple moving average of $601.57 and a 200 day simple moving average of $525.49. Charter Communications Inc has a 12 month low of $345.67 and a 12 month high of $629.52. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.13.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 31st. The company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $1.10. The business had revenue of $11.70 billion during the quarter, compared to analyst estimates of $11.61 billion. Charter Communications had a return on equity of 6.05% and a net margin of 4.85%. Charter Communications’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. As a group, sell-side analysts predict that Charter Communications Inc will post 12.84 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on CHTR shares. Pivotal Research lifted their target price on Charter Communications from $730.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Citigroup lifted their target price on Charter Communications from $613.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Benchmark boosted their price target on Charter Communications from $600.00 to $640.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. BidaskClub downgraded Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, Nomura Instinet raised Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $500.00 to $600.00 in a research note on Friday, July 10th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Charter Communications currently has an average rating of “Buy” and a consensus target price of $619.17.
A number of large investors have recently made changes to their positions in the business. Two Sigma Advisers LP grew its stake in Charter Communications by 6.3% in the 2nd quarter. Two Sigma Advisers LP now owns 759,325 shares of the company’s stock valued at $387,286,000 after purchasing an additional 45,300 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in Charter Communications by 30.1% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 16,597 shares of the company’s stock valued at $8,465,000 after purchasing an additional 3,842 shares during the period. Neuberger Berman Group LLC grew its stake in Charter Communications by 49.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,475 shares of the company’s stock valued at $2,747,000 after purchasing an additional 1,809 shares during the period. Handelsbanken Fonder AB bought a new position in Charter Communications in the 2nd quarter valued at $21,955,000. Finally, Nuveen Asset Management LLC grew its stake in Charter Communications by 19.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 741,142 shares of the company’s stock valued at $378,013,000 after purchasing an additional 120,381 shares during the period. Hedge funds and other institutional investors own 70.47% of the company’s stock.
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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