40,197 Charter Communications, Inc. $CHTR Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 324.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 52,597 shares of the company’s stock after purchasing an additional 40,197 shares during the period. State of Alaska Department of Revenue’s holdings in Charter Communications were worth $5,833,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Nvwm LLC boosted its stake in shares of Charter Communications by 27,681.2% during the third quarter. Nvwm LLC now owns 4,445 shares of the company’s stock worth $493,000 after buying an additional 4,429 shares during the period. Mather Group LLC. increased its position in Charter Communications by 307.8% in the 3rd quarter. Mather Group LLC. now owns 10,820 shares of the company’s stock valued at $1,200,000 after acquiring an additional 8,167 shares during the period. Tempus Wealth Planning LLC raised its stake in Charter Communications by 93.4% during the 3rd quarter. Tempus Wealth Planning LLC now owns 4,061 shares of the company’s stock valued at $450,000 after acquiring an additional 1,961 shares during the last quarter. Sanders Morris Harris LLC purchased a new stake in Charter Communications during the 3rd quarter valued at approximately $2,007,000. Finally, Krilogy Financial LLC raised its stake in Charter Communications by 278.6% during the 3rd quarter. Krilogy Financial LLC now owns 21,293 shares of the company’s stock valued at $2,361,000 after acquiring an additional 15,669 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of recent research reports. Arete Research raised Charter Communications to a “strong sell” rating in a research report on Thursday, October 1st. Wolfe Research reissued an “underperform” rating and issued a $118.00 target price on shares of Charter Communications in a report on Monday, September 14th. Benchmark restated a “buy” rating on shares of Charter Communications in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their price target on Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group lowered their price objective on shares of Charter Communications from $120.00 to $110.00 and set a “sell” rating on the stock in a research report on Friday, September 25th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $202.53.

Charter Communications Stock Performance

Shares of Charter Communications stock traded up $0.12 on Friday, reaching $110.11. 3,162,791 shares of the stock were exchanged, compared to its average volume of 3,328,023. Charter Communications, Inc. has a 1-year low of $101.63 and a 1-year high of $256.60. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. The business has a fifty day moving average price of $132.97 and a two-hundred day moving average price of $149.85. The firm has a market capitalization of $13.13 billion, a PE ratio of 2.86, a PEG ratio of 0.23 and a beta of 0.70.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.98 by $0.68. The firm had revenue of $13.53 billion during the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $9.18 earnings per share. As a group, research analysts anticipate that Charter Communications, Inc. will post 42.92 earnings per share for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a telecommunications and media company that provides broadband connectivity and related communications services in the United States. Its consumer-facing operations are marketed primarily under the Spectrum brand and include high-speed internet, video entertainment, mobile wireless service and voice communications.

Charter also serves businesses and public-sector organizations with internet access, data networking, telephone, video and managed communications solutions.