State of Alaska Department of Revenue Buys 3,820 Shares of Charter Communications, Inc. $CHTR

State of Alaska Department of Revenue raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 35.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,530 shares of the company’s stock after buying an additional 3,820 shares during the period. State of Alaska Department of Revenue’s holdings in Charter Communications were worth $3,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Webster Bank N. A. bought a new position in Charter Communications in the third quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Charter Communications in the 3rd quarter worth $30,000. Foster & Motley Inc. grew its position in shares of Charter Communications by 54.0% during the 3rd quarter. Foster & Motley Inc. now owns 1,967 shares of the company’s stock worth $541,000 after buying an additional 690 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Charter Communications by 20.7% during the third quarter. HB Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $633,000 after buying an additional 395 shares during the period. Finally, CX Institutional increased its stake in shares of Charter Communications by 17.4% during the third quarter. CX Institutional now owns 1,254 shares of the company’s stock valued at $345,000 after buying an additional 186 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the transaction, the director directly owned 10,146 shares in the company, valued at $2,294,822.28. The trade was a 10.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is currently owned by company insiders.

Charter Communications Trading Up 0.4%

NASDAQ CHTR opened at $210.59 on Monday. Charter Communications, Inc. has a 52 week low of $193.00 and a 52 week high of $437.06. The company has a 50 day moving average price of $207.00 and a 200 day moving average price of $264.04. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.89. The firm has a market cap of $27.25 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). The firm had revenue of $13.67 billion during the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. Charter Communications’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $8.82 earnings per share. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CHTR. Benchmark dropped their target price on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. The Goldman Sachs Group lowered their price target on shares of Charter Communications from $215.00 to $210.00 and set a “sell” rating for the company in a research report on Thursday, December 18th. UBS Group cut their price objective on shares of Charter Communications from $355.00 to $233.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. BNP Paribas Exane reduced their price objective on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a research note on Tuesday, November 4th. Finally, Barclays lowered their target price on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, Charter Communications has an average rating of “Reduce” and a consensus target price of $321.13.

Charter Communications Company 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.