Traders Buy Shares of Charter Communications (CHTR) on Weakness

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.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Tuesday, July 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. Charter Communications had a net margin of 23.59% and a return on equity of 1.45%. The company had revenue of $10.85 billion during the quarter, compared to the consensus estimate of $10.83 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Charter Communications Inc will post 4.38 EPS for the current fiscal year.

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.

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