Retirement Systems of Alabama Acquires 8,250 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Retirement Systems of Alabama boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,562 shares of the company's stock after buying an additional 8,250 shares during the quarter. Retirement Systems of Alabama owned approximately 0.06% of Charter Communications worth $35,200,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CHTR. Pzena Investment Management LLC increased its position in Charter Communications by 21.0% during the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company's stock valued at $641,762,000 after purchasing an additional 253,324 shares during the period. Morgan Stanley raised its stake in Charter Communications by 15.8% during the third quarter. Morgan Stanley now owns 1,186,738 shares of the company's stock worth $521,952,000 after buying an additional 161,830 shares during the last quarter. Parnassus Investments LLC acquired a new position in Charter Communications in the third quarter valued at $508,684,000. Northern Trust Corp boosted its position in Charter Communications by 2.2% during the third quarter. Northern Trust Corp now owns 1,048,544 shares of the company's stock valued at $461,171,000 after acquiring an additional 22,494 shares during the last quarter. Finally, Allen Investment Management LLC boosted its position in Charter Communications by 25.4% during the third quarter. Allen Investment Management LLC now owns 873,714 shares of the company's stock valued at $384,277,000 after acquiring an additional 177,224 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Up 2.0 %

NASDAQ CHTR traded up $5.15 during trading hours on Monday, hitting $259.76. The company's stock had a trading volume of 1,206,732 shares, compared to its average volume of 1,593,409. The company has a market capitalization of $37.72 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 6.28. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The company's 50-day simple moving average is $280.49 and its two-hundred day simple moving average is $345.42.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The company had revenue of $13.68 billion during the quarter, compared to analysts' expectations of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company earned $6.65 earnings per share. Research analysts anticipate that Charter Communications, Inc. will post 31.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group dropped their price objective on Charter Communications from $360.00 to $325.00 and set a "neutral" rating on the stock in a research note on Thursday, March 28th. Pivotal Research cut their price target on Charter Communications from $450.00 to $400.00 and set a "buy" rating on the stock in a report on Monday. Sanford C. Bernstein raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $370.00 price objective for the company in a research report on Monday, March 18th. Wells Fargo & Company dropped their target price on shares of Charter Communications from $290.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Rosenblatt Securities decreased their price target on shares of Charter Communications from $297.00 to $292.00 and set a "neutral" rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $356.47.

Charter Communications Profile

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.