Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 25.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,360 shares of the company's stock after selling 2,540 shares during the period. Alberta Investment Management Corp's holdings in Charter Communications were worth $2,523,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new stake in Charter Communications in the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the 3rd quarter valued at approximately $28,000. Avior Wealth Management LLC increased its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Charter Communications in the 4th quarter valued at approximately $32,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

NASDAQ CHTR traded down $1.97 during trading hours on Friday, hitting $361.04. The company had a trading volume of 614,200 shares, compared to its average volume of 1,112,568. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a market cap of $51.34 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The business has a 50 day moving average of $352.53 and a 200-day moving average of $353.62.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on CHTR shares. Morgan Stanley boosted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Barclays boosted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada boosted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.