Charter Communications Inc (CHTR) Insider John Bickham Sells 144,672 Shares of Stock

Charter Communications Inc (NASDAQ:CHTR) insider John Bickham sold 144,672 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total transaction of $46,687,101.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ CHTR opened at $317.87 on Friday. The stock has a market cap of $74.28 billion, a P/E ratio of 119.95, a PEG ratio of 1.65 and a beta of 1.14. Charter Communications Inc has a 52-week low of $250.10 and a 52-week high of $396.64. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.23 and a quick ratio of 0.20.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, October 26th. The company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $1.06. The firm had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, sell-side analysts predict that Charter Communications Inc will post 5.17 EPS for the current fiscal year.

A number of equities research analysts have recently commented on CHTR shares. Citigroup reduced their target price on shares of Charter Communications from $410.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, August 2nd. Buckingham Research upped their target price on shares of Charter Communications from $397.00 to $418.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Macquarie reaffirmed a “buy” rating and issued a $355.00 target price on shares of Charter Communications in a report on Wednesday, August 1st. Pivotal Research upped their target price on shares of Charter Communications from $375.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, BidaskClub raised shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and a consensus target price of $360.13.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virginia Retirement Systems ET AL raised its holdings in Charter Communications by 345.6% during the third quarter. Virginia Retirement Systems ET AL now owns 30,300 shares of the company’s stock worth $9,874,000 after purchasing an additional 23,500 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Charter Communications by 1.4% during the third quarter. CIBC Asset Management Inc now owns 28,210 shares of the company’s stock worth $9,193,000 after purchasing an additional 377 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Charter Communications by 9.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,244 shares of the company’s stock worth $731,000 after purchasing an additional 200 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Charter Communications by 147.8% during the third quarter. Rockefeller Capital Management L.P. now owns 4,403 shares of the company’s stock worth $1,435,000 after purchasing an additional 2,626 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Charter Communications by 3.4% during the third quarter. Wells Fargo & Company MN now owns 242,345 shares of the company’s stock worth $78,975,000 after purchasing an additional 7,983 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Company Profile

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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