The President & COO of Charter Communications is Exercising Options


Today it was reported that the President & COO of Charter Communications (NASDAQ: CHTR), John Bickham, exercised options to sell 144,672 CHTR shares at $66.87 a share, for a total transaction value of $46.69M.

Following John Bickham’s last CHTR Sell transaction on September 13, 2016, the stock climbed by 59.6%.

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Based on Charter Communications’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $10.89 billion and quarterly net profit of $493 million. In comparison, last year the company earned revenue of $10.46 billion and had a net profit of $48 million. CHTR’s market cap is $74.3B and the company has a P/E ratio of 8.13. Currently, Charter Communications has an average volume of 1.37M.

Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $357.20, reflecting a 12.4% upside.

The insider sentiment on Charter Communications has been negative according to 29 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

John Bickham’s trades have generated a -34.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Charter Communications, Inc. provides broadband communications services. Its services include Spectrum TV, Spectrum Internet access, and Spectrum Voice. It offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. It operates through Cable Services segment.

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