Investors purchased shares of Charter Communications, Inc. (NASDAQ:CHTR) on weakness during trading on Wednesday. $152.52 million flowed into the stock on the tick-up and $58.98 million flowed out of the stock on the tick-down, for a money net flow of $93.54 million into the stock. Of all equities tracked, Charter Communications had the 27th highest net in-flow for the day. Charter Communications traded down ($9.29) for the day and closed at $341.93
Several equities analysts recently weighed in on the stock. Argus reissued a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research note on Wednesday, February 21st. Royal Bank of Canada raised their target price on shares of Charter Communications to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Citigroup reissued a “buy” rating and issued a $436.00 target price (down from $453.00) on shares of Charter Communications in a research note on Wednesday, February 7th. Finally, TheStreet raised shares of Charter Communications from a “c” rating to a “b+” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $407.17.
The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $83,770.00, a PE ratio of 10.03, a P/E/G ratio of 3.16 and a beta of 1.15.
In other Charter Communications news, EVP Jonathan Hargis sold 27,000 shares of Charter Communications stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the completion of the transaction, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in CHTR. Kings Point Capital Management lifted its holdings in shares of Charter Communications by 68.4% during the fourth quarter. Kings Point Capital Management now owns 347 shares of the company’s stock worth $117,000 after buying an additional 141 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Charter Communications by 15.8% during the fourth quarter. MML Investors Services LLC now owns 1,046 shares of the company’s stock worth $351,000 after buying an additional 143 shares in the last quarter. Hosking Partners LLP lifted its holdings in shares of Charter Communications by 0.6% during the third quarter. Hosking Partners LLP now owns 28,001 shares of the company’s stock worth $10,176,000 after buying an additional 156 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Charter Communications by 27.7% during the fourth quarter. Mackenzie Financial Corp now owns 774 shares of the company’s stock worth $260,000 after buying an additional 168 shares in the last quarter. Finally, Aureus Asset Management LLC lifted its holdings in shares of Charter Communications by 0.4% during the third quarter. Aureus Asset Management LLC now owns 44,829 shares of the company’s stock worth $16,292,000 after buying an additional 172 shares in the last quarter. 73.29% of the stock is owned by hedge funds and other institutional investors.
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Charter Communications Company Profile
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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