Retirement Systems of Alabama Has $28.03 Million Position in Charter Communications Inc (CHTR)

Retirement Systems of Alabama trimmed its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,799 shares of the company’s stock after selling 1,534 shares during the period. Retirement Systems of Alabama’s holdings in Charter Communications were worth $28,030,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. We Are One Seven LLC purchased a new stake in Charter Communications during the fourth quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC purchased a new stake in Charter Communications during the fourth quarter valued at approximately $29,000. Whitener Capital Management Inc. purchased a new stake in Charter Communications during the fourth quarter valued at approximately $29,000. Hanson McClain Inc. lifted its position in Charter Communications by 157.8% during the fourth quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares during the last quarter. Finally, Cornerstone Advisors Inc. lifted its position in Charter Communications by 55.7% during the third quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock valued at $40,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 74.90% of the company’s stock.

NASDAQ CHTR opened at $357.34 on Tuesday. The firm has a market capitalization of $80.53 billion, a price-to-earnings ratio of 68.46, a P/E/G ratio of 1.25 and a beta of 1.40. Charter Communications Inc has a 12-month low of $250.10 and a 12-month high of $368.02. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.23 and a quick ratio of 0.23.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.20). Charter Communications had a return on equity of 2.70% and a net margin of 2.82%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.15 billion. As a group, equities analysts anticipate that Charter Communications Inc will post 7.52 earnings per share for the current year.

In related news, EVP Jonathan Hargis sold 15,000 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $339.51, for a total transaction of $5,092,650.00. Following the completion of the transaction, the executive vice president now owns 15,964 shares of the company’s stock, valued at $5,419,937.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Bickham sold 14,017 shares of the firm’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $340.86, for a total transaction of $4,777,834.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,233 shares of company stock valued at $19,544,909. 0.84% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on the stock. Credit Suisse Group reissued a “neutral” rating and set a $345.00 target price (up previously from $294.00) on shares of Charter Communications in a research report on Friday, February 1st. BidaskClub cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Royal Bank of Canada set a $400.00 target price on shares of Charter Communications and gave the company a “buy” rating in a research report on Saturday, February 2nd. Zacks Investment Research raised shares of Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 target price for the company in a research report on Tuesday, February 26th. Finally, Nomura assumed coverage on shares of Charter Communications in a research report on Wednesday, January 16th. They set a “neutral” rating and a $330.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $359.18.

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About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

Further Reading: Why are percentage decliners important?

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

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