Alberta Investment Management Corp Trims Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Alberta Investment Management Corp lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 25.7% in the 4th quarter, Holdings Channel reports. The fund owned 7,360 shares of the company’s stock after selling 2,540 shares during the quarter. Alberta Investment Management Corp’s holdings in Charter Communications were worth $2,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chemistry Wealth Management LLC raised its holdings in Charter Communications by 4.8% in the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 30 shares in the last quarter. US Bancorp DE grew its position in shares of Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after buying an additional 31 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after acquiring an additional 35 shares in the last quarter. Allworth Financial LP lifted its position in Charter Communications by 16.4% during the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock valued at $90,000 after acquiring an additional 36 shares during the period. Finally, Brooklyn Investment Group boosted its stake in Charter Communications by 5.8% during the fourth quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock worth $230,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $363.01 on Friday. The firm has a market capitalization of $51.62 billion, a PE ratio of 10.38, a P/E/G ratio of 0.44 and a beta of 1.11. The company has a 50 day moving average price of $352.91 and a 200-day moving average price of $353.66. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the business posted $7.07 earnings per share. As a group, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CHTR. Pivotal Research raised their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada lifted their price target on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average price target of $384.42.

About Charter Communications

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.