Possible Bearish Signals With Charter Communications Insiders Disposing Stock
Possible Bearish Signals With Charter Communications Insiders Disposing Stock
Many Charter Communications, Inc. (NASDAQ:CHTR) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
在過去的一年裏，許多特許通訊股份有限公司 (納斯達克:CHTR) 的內部人士拋售了他們的股票，這可能會引起公司股東的興趣。當分析內部交易時，通常更有價值的是了解內部人員是在買入還是賣出，而不是知道他們正在銷售或者買入的股票數量，後者會傳遞出模棱兩可的信息。然而，當多個內部人員在特定的時間內賣出股票時，股東們應該注意這一點，因爲這可能是一個紅色警示。
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
雖然我們永遠不會建議投資者僅基於公司董事已經做出的決策而做出決策，但同時我們認爲完全忽略內部交易是愚蠢的。
Charter Communications Insider Transactions Over The Last Year
過去的一年裏，特許通訊的內部交易
In the last twelve months, the biggest single sale by an insider was when the insider, Thomas Rutledge, sold US$99m worth of shares at a price of US$420 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$291. So it may not shed much light on insider confidence at current levels.
在過去的十二個月中，內部人員最大的單次售股是由托馬斯·拉特利奇 (Thomas Rutledge) 內部人員以每股 420 美元的價格出售了總價值 9900 萬美元的股票。雖然我們通常不喜歡看到內部人員出售股票，但如果銷售價格較低，情況就更令人擔憂。令人欣慰的是，這次出售的價格遠高於當前股價 291 美元。因此，在目前的水平上，這可能不會對內部人員的信心產生太大影響。
Over the last year we saw more insider selling of Charter Communications shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
在過去的一年裏，我們看到特許通訊的內部人員拋售股票的情況比買入股票的情況更多。下圖顯示了過去一年內內部交易的情況(按公司和個人)，如果您單擊圖表，您可以查看所有的單個交易，包括股票價格、個人和日期!
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
如果您和我一樣，您就不會錯過這個免費的小盤股票列表，這些股票不僅被內部人士購買，而且估值也很有吸引力。
Insider Ownership
內部人員持股情況
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Charter Communications insiders own about US$169m worth of shares (which is 0.4% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
對於一般的股東來說，值得檢查公司內部人員持有多少股份。通常情況下，內部人員持股比例越高，越有可能激勵內部人員長期建設公司。特許通訊的內部人員擁有價值約 1.69 億美元的股份（佔公司總股數的 0.4%）。我喜歡看到這種程度的內部持股，因爲這增加了管理層考慮股東最佳利益的機會。
So What Does This Data Suggest About Charter Communications Insiders?
那麼，這些數據對特許通訊的內部人員有什麼暗示呢?
There haven't been any insider transactions in the last three months -- that doesn't mean much. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Charter Communications insiders selling. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 1 warning sign for Charter Communications you should know about.
過去三個月內沒有內部交易——這並不意味着很多。看到高比例的內部持股是很好的，但回顧過去一年，我們並沒有從特許通訊的內部人員拋售中獲得信心。因此，這些內部交易可以幫助我們形成股票的論點，但也值得知道這家公司面臨的風險。每個公司都面臨各種風險，我們看到了一些有關特許通訊的警告信號，您需要了解。
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
如果你想查看其他公司——那些具有開多淨資產收益率和低負債的有趣公司的免費清單——那麼不要錯過這個機會。
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
對於本文而言，內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置，但不包括衍生交易或間接利益。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。