Investors Buy Shares of Charter Communications, Inc. (CHTR) on Weakness

Traders purchased shares of Charter Communications, Inc. (NASDAQ:CHTR) on weakness during trading hours on Monday. $225.80 million flowed into the stock on the tick-up and $162.57 million flowed out of the stock on the tick-down, for a money net flow of $63.23 million into the stock. Of all equities tracked, Charter Communications had the 7th highest net in-flow for the day. Charter Communications traded down ($11.89) for the day and closed at $381.01

A number of equities analysts have recently commented on CHTR shares. Pivotal Research reaffirmed a “buy” rating on shares of Charter Communications in a report on Sunday, July 30th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $410.00 price target (up from $390.00) on shares of Charter Communications in a report on Monday, July 31st. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $356.00 price target on shares of Charter Communications in a report on Thursday, May 25th. Finally, UBS AG reaffirmed a “buy” rating and issued a $450.00 price target (up from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $375.73.

The stock has a 50 day moving average price of $387.51 and a 200 day moving average price of $345.69. The firm has a market cap of $98.26 billion, a P/E ratio of 109.14 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.29. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. Analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.

In related news, EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total value of $4,379,424.00. Following the completion of the transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.56% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intl Fcstone Inc. bought a new position in shares of Charter Communications during the 2nd quarter valued at about $807,000. Toronto Dominion Bank boosted its holdings in shares of Charter Communications by 25.8% during the 2nd quarter. Toronto Dominion Bank now owns 73,693 shares of the company’s stock valued at $24,818,000 after purchasing an additional 15,118 shares during the last quarter. Blockhouse Capital Management LP bought a new position in shares of Charter Communications during the 2nd quarter valued at about $7,714,000. Archford Capital Strategies LLC boosted its holdings in shares of Charter Communications by 48,155.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,343 shares of the company’s stock valued at $1,347,000 after purchasing an additional 4,334 shares during the last quarter. Finally, Colony Group LLC boosted its holdings in shares of Charter Communications by 6.8% during the 2nd quarter. Colony Group LLC now owns 813 shares of the company’s stock valued at $274,000 after purchasing an additional 52 shares during the last quarter. 74.15% of the stock is owned by institutional investors and hedge funds.

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About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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