Retirement Systems of Alabama lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 172,087 shares of the company’s stock after selling 14,188 shares during the period. Retirement Systems of Alabama owned 0.07% of Charter Communications worth $62,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. MML Investors Services LLC raised its holdings in Charter Communications by 1.3% in the 2nd quarter. MML Investors Services LLC now owns 842 shares of the company’s stock valued at $284,000 after acquiring an additional 11 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in Charter Communications by 4.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after acquiring an additional 16 shares during the last quarter. Intrust Bank NA raised its holdings in Charter Communications by 3.3% in the 2nd quarter. Intrust Bank NA now owns 980 shares of the company’s stock valued at $330,000 after acquiring an additional 31 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in Charter Communications by 0.5% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 7,933 shares of the company’s stock valued at $2,672,000 after acquiring an additional 36 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Charter Communications by 1.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,411 shares of the company’s stock valued at $1,149,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.

In related news, CFO Christopher L. Winfrey acquired 3,100 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

A number of research firms have commented on CHTR. Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $340.00 to $450.00 in a report on Wednesday, August 9th. HSBC Holdings plc reiterated a “hold” rating and issued a $360.00 price objective (up previously from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. UBS AG reiterated a “buy” rating and issued a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Wells Fargo & Company reiterated a “market perform” rating and issued a $372.00 price objective (up previously from $330.00) on shares of Charter Communications in a report on Sunday, July 30th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $380.00 price objective on shares of Charter Communications in a report on Friday, October 27th. Thirteen analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $378.12.

TRADEMARK VIOLATION WARNING: “Charter Communications, Inc. (CHTR) Shares Sold by Retirement Systems of Alabama” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.thecerbatgem.com/2017/11/13/charter-communications-inc-chtr-shares-sold-by-retirement-systems-of-alabama.html.

Charter Communications, Inc. (NASDAQ:CHTR) traded down $2.76 during trading hours on Monday, hitting $338.44. 870,100 shares of the company were exchanged, compared to its average volume of 1,680,903. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $84,139.57, a PE ratio of 210.21, a P/E/G ratio of 5.26 and a beta of 1.09. Charter Communications, Inc. has a 1 year low of $258.63 and a 1 year high of $408.83.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. equities analysts predict that Charter Communications, Inc. will post 2.77 earnings per share for the current year.

About Charter Communications

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.

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications, Inc. (NASDAQ:CHTR).

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

Receive News & Stock Ratings for Charter Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications Inc. and related stocks with our FREE daily email newsletter.