Charter Communications (NASDAQ:CHTR) Director Thomas Rutledge Sells 18,200 Shares of Stock

Charter Communications, Inc. (NASDAQ:CHTR) Director Thomas Rutledge sold 18,200 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the completion of the sale, the director directly owned 3,968 shares of the company’s stock, valued at $583,057.92. This trade represents a 82.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thomas Rutledge also recently made the following trade(s):

• On Tuesday, May 26th, Thomas Rutledge sold 69,633 shares of Charter Communications stock. The shares were sold at an average price of $144.45, for a total transaction of $10,058,486.85.

Charter Communications Price Performance

Shares of CHTR opened at $147.26 on Friday. Charter Communications, Inc. has a twelve month low of $136.63 and a twelve month high of $422.29. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The firm’s 50 day moving average price is $190.90 and its 200 day moving average price is $204.33. The firm has a market cap of $18.11 billion, a PE ratio of 3.98, a PEG ratio of 0.25 and a beta of 0.76.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same quarter last year, the business earned $8.42 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, research analysts expect that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $210.00 price target on shares of Charter Communications in a report on Tuesday. TD Cowen increased their price target on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a report on Monday, February 2nd. BNP Paribas Exane lowered their price target on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Williams Trading set a $437.00 price target on Charter Communications in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Charter Communications in a research note on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $290.38.

Institutional Investors Weigh In On Charter Communications

Several hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in Charter Communications by 129.1% in the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after purchasing an additional 6,691 shares during the period. Integrated Wealth Concepts LLC lifted its position in Charter Communications by 16.3% in the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after purchasing an additional 128 shares during the period. Jones Financial Companies Lllp lifted its position in Charter Communications by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after purchasing an additional 435 shares during the period. Geneos Wealth Management Inc. lifted its position in Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Charter Communications by 451.1% in the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

About Charter Communications

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.