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

Charter Communications, Inc. (NASDAQ:CHTR) Director Thomas Rutledge sold 18,200 shares of the business’s stock in a transaction 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 sale, the director directly owned 3,968 shares in the company, valued at approximately $583,057.92. The trade was a 82.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $144.45, for a total transaction of $10,058,486.85.

Charter Communications Price Performance

Shares of NASDAQ CHTR traded up $0.08 during midday trading on Thursday, reaching $147.26. 1,611,766 shares of the company were exchanged, compared to its average volume of 2,421,297. The stock’s 50-day moving average price is $192.41 and its 200-day moving average price is $204.84. The stock has a market cap of $18.11 billion, a P/E ratio of 3.98, a PEG ratio of 0.25 and a beta of 0.76. Charter Communications, Inc. has a one year low of $136.63 and a one year high of $422.29. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.42 EPS. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Williams Trading set a $437.00 price objective on shares of Charter Communications in a research note on Monday, February 2nd. Benchmark reduced their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Royal Bank Of Canada reduced their price objective on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research note on Monday, April 27th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $210.00 price objective on shares of Charter Communications in a research note on Tuesday. Five equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $290.38.

Institutional Trading of Charter Communications

Institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Charter Communications during the first quarter valued at $25,000. Quarry LP boosted its position in Charter Communications by 153.2% during the fourth quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in Charter Communications during the fourth quarter valued at $25,000. Finally, DV Equities LLC bought a new stake in Charter Communications during the fourth quarter valued at $25,000. Institutional investors 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.