Traders purchased shares of Charter Communications Inc (NASDAQ:CHTR) on weakness during trading hours on Monday following insider selling activity. $125.40 million flowed into the stock on the tick-up and $87.22 million flowed out of the stock on the tick-down, for a money net flow of $38.18 million into the stock. Of all stocks tracked, Charter Communications had the 27th highest net in-flow for the day. Charter Communications traded down ($6.34) for the day and closed at $337.82Specifically, EVP Richard R. Dykhouse sold 11,000 shares of the company’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $340.72, for a total value of $3,747,920.00. Following the sale, the executive vice president now directly owns 16,610 shares of the company’s stock, valued at approximately $5,659,359.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Hargis sold 15,000 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $339.51, for a total transaction of $5,092,650.00. Following the completion of the sale, the executive vice president now directly owns 15,964 shares in the company, valued at $5,419,937.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,214 shares of company stock worth $18,490,531. 0.83% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Charter Communications from a “hold” rating to a “buy” rating and set a $360.00 target price on the stock in a report on Monday, October 22nd. Credit Suisse Group reissued a “neutral” rating and issued a $345.00 price target (up from $294.00) on shares of Charter Communications in a report on Friday, February 1st. BidaskClub cut shares of Charter Communications from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 27th. Raymond James lowered their price target on shares of Charter Communications from $400.00 to $365.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 31st. Finally, SunTrust Banks lowered their price target on shares of Charter Communications from $390.00 to $365.00 and set a “buy” rating on the stock in a report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $361.21.

The stock has a market capitalization of $77.56 billion, a PE ratio of 64.72, a P/E/G ratio of 1.26 and a beta of 1.32. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.57.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.20). Charter Communications had a return on equity of 2.70% and a net margin of 2.82%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.15 billion. As a group, equities research analysts forecast that Charter Communications Inc will post 7.19 earnings per share for the current year.

Several large investors have recently made changes to their positions in CHTR. Advisors Asset Management Inc. grew its position in shares of Charter Communications by 49.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 34,623 shares of the company’s stock worth $10,152,000 after purchasing an additional 11,477 shares in the last quarter. Rathbone Brothers plc acquired a new position in shares of Charter Communications during the 3rd quarter worth approximately $1,246,000. Bank of Montreal Can grew its position in shares of Charter Communications by 61.7% during the 3rd quarter. Bank of Montreal Can now owns 125,390 shares of the company’s stock worth $40,862,000 after purchasing an additional 47,834 shares in the last quarter. Zweig DiMenna Associates LLC boosted its position in shares of Charter Communications by 51.0% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 29,250 shares of the company’s stock worth $9,532,000 after acquiring an additional 9,879 shares in the last quarter. Finally, Andra AP fonden boosted its position in shares of Charter Communications by 5.9% during the 3rd quarter. Andra AP fonden now owns 16,200 shares of the company’s stock worth $5,279,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 74.25% of the company’s stock.

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About Charter Communications (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.

Further Reading: Return on Equity (ROE)

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