Charter Communications, Inc. (NASDAQ:CHTR) Position Reduced by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,054 shares of the company’s stock after selling 46 shares during the period. Alaska Permanent Fund Corp’s holdings in Charter Communications were worth $2,742,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new position in Charter Communications in the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications in the fourth quarter valued at $44,000. Catalyst Capital Advisors LLC grew its position in shares of Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after acquiring an additional 27 shares during the period. Bourgeon Capital Management LLC grew its position in shares of Charter Communications by 219.5% in the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after acquiring an additional 90 shares during the period. Finally, NBC Securities Inc. bought a new position in Charter Communications in the 3rd quarter valued at about $56,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock traded down $1.61 on Wednesday, reaching $264.70. The stock had a trading volume of 1,129,774 shares, compared to its average volume of 1,578,187. The firm has a market capitalization of $38.44 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 0.46 and a beta of 0.96. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. Charter Communications, Inc. has a 12 month low of $254.31 and a 12 month high of $458.30. The firm’s 50-day moving average is $283.08 and its two-hundred day moving average is $350.67.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion during the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. Charter Communications’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.69 EPS. On average, research analysts expect that Charter Communications, Inc. will post 32.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CHTR shares. JPMorgan Chase & Co. cut their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a report on Monday, April 1st. Barclays cut their price target on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Benchmark cut their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a report on Monday, February 5th. Rosenblatt Securities lowered their price objective on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $380.80.

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.