Traders purchased shares of Charter Communications Inc (NASDAQ:CHTR) on weakness during trading hours on Wednesday. $177.93 million flowed into the stock on the tick-up and $62.82 million flowed out of the stock on the tick-down, for a money net flow of $115.11 million into the stock. Of all companies tracked, Charter Communications had the 5th highest net in-flow for the day. Charter Communications traded down ($1.21) for the day and closed at $319.83
CHTR has been the subject of a number of research analyst reports. ValuEngine upgraded Charter Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Pivotal Research boosted their price objective on Charter Communications from $375.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Wednesday. Macquarie restated a “buy” rating and set a $355.00 price objective on shares of Charter Communications in a report on Wednesday, August 1st. Finally, Barclays set a $259.00 price target on shares of Charter Communications and gave the company a “sell” rating in a research report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Charter Communications presently has a consensus rating of “Buy” and an average target price of $364.00.
The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.46. The stock has a market cap of $74.16 billion, a price-to-earnings ratio of 110.29, a P/E/G ratio of 1.92 and a beta of 1.20.
In other Charter Communications news, EVP Richard R. Dykhouse sold 2,101 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $296.52, for a total transaction of $622,988.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. LFA Lugano Financial Advisors SA raised its position in Charter Communications by 20.1% during the third quarter. LFA Lugano Financial Advisors SA now owns 1,324 shares of the company’s stock valued at $431,000 after purchasing an additional 222 shares in the last quarter. Assetmark Inc. raised its position in Charter Communications by 166.7% during the first quarter. Assetmark Inc. now owns 360 shares of the company’s stock valued at $112,000 after purchasing an additional 225 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in Charter Communications by 0.7% during the second quarter. Metropolitan Life Insurance Co. NY now owns 33,881 shares of the company’s stock valued at $9,934,000 after purchasing an additional 232 shares in the last quarter. Advisory Services Network LLC raised its position in Charter Communications by 76.3% during the second quarter. Advisory Services Network LLC now owns 543 shares of the company’s stock valued at $156,000 after purchasing an additional 235 shares in the last quarter. Finally, Sun Life Financial INC raised its position in Charter Communications by 89.8% during the second quarter. Sun Life Financial INC now owns 501 shares of the company’s stock valued at $147,000 after purchasing an additional 237 shares in the last quarter. Institutional investors and hedge funds own 71.10% of the company’s stock.
Charter Communications Company Profile (NASDAQ:CHTR)
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, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.