Alberta Investment Management Corp Makes New $9.08 Million Investment in Charter Communications, Inc. $CHTR

Alberta Investment Management Corp acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 33,000 shares of the company’s stock, valued at approximately $9,078,000.

Several other institutional investors and hedge funds have also made changes to their positions in CHTR. CenterBook Partners LP raised its stake in shares of Charter Communications by 150.0% during the third quarter. CenterBook Partners LP now owns 15,013 shares of the company’s stock valued at $4,130,000 after acquiring an additional 9,009 shares in the last quarter. NEOS Investment Management LLC raised its position in Charter Communications by 68.5% during the 3rd quarter. NEOS Investment Management LLC now owns 55,391 shares of the company’s stock valued at $15,238,000 after purchasing an additional 22,524 shares in the last quarter. Zions Bancorporation National Association UT lifted its holdings in shares of Charter Communications by 336.4% in the 3rd quarter. Zions Bancorporation National Association UT now owns 480 shares of the company’s stock worth $132,000 after buying an additional 370 shares during the period. Vanguard Group Inc. grew its position in shares of Charter Communications by 13.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock worth $2,575,630,000 after buying an additional 1,130,648 shares in the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Charter Communications during the third quarter valued at $1,269,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

Charter Communications stock opened at $239.14 on Thursday. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The company’s fifty day moving average price is $210.14 and its 200 day moving average price is $233.11. The stock has a market capitalization of $30.28 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.37 and a beta of 1.05. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the previous year, the firm posted $10.10 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Oppenheimer cut shares of Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. BNP Paribas Exane set a $160.00 price objective on shares of Charter Communications in a research report on Tuesday, January 27th. Royal Bank Of Canada lowered their target price on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft reduced their price target on Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a research report on Tuesday, February 3rd. Finally, Citigroup dropped their target price on Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $335.67.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.