Retirement Systems of Alabama Has $6.88 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Retirement Systems of Alabama lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,218 shares of the company’s stock after selling 387 shares during the quarter. Retirement Systems of Alabama’s holdings in Charter Communications were worth $6,876,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Savant Capital LLC raised its position in Charter Communications by 1.7% during the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock worth $556,000 after acquiring an additional 31 shares in the last quarter. US Bancorp DE boosted its stake in shares of Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after acquiring an additional 31 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after acquiring an additional 32 shares during the last quarter. Grove Bank & Trust raised its stake in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares during the period. Finally, CVA Family Office LLC boosted its position in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Down 2.1 %

CHTR stock opened at $371.03 on Wednesday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The stock has a market cap of $52.76 billion, a P/E ratio of 11.62, a P/E/G ratio of 0.60 and a beta of 1.08. The stock’s fifty day simple moving average is $368.38 and its two-hundred day simple moving average is $339.50. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the prior year, the business earned $8.25 earnings per share. Charter Communications’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research report on Thursday, December 12th. Wells Fargo & Company raised their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Barclays raised their price target on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Finally, BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a report on Tuesday, November 26th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $384.42.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.