State of Alaska Department of Revenue decreased its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 12.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,212 shares of the company’s stock after selling 3,408 shares during the quarter. State of Alaska Department of Revenue’s holdings in Charter Communications were worth $8,050,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Senator Investment Group LP acquired a new stake in shares of Charter Communications in the third quarter worth $236,263,000. Morgan Stanley increased its stake in shares of Charter Communications by 1.1% in the third quarter. Morgan Stanley now owns 955,767 shares of the company’s stock worth $311,467,000 after acquiring an additional 9,976 shares during the period. LS Investment Advisors LLC increased its stake in shares of Charter Communications by 11.7% in the fourth quarter. LS Investment Advisors LLC now owns 3,984 shares of the company’s stock worth $1,135,000 after acquiring an additional 418 shares during the period. Boston Advisors LLC increased its stake in shares of Charter Communications by 2,167.1% in the fourth quarter. Boston Advisors LLC now owns 20,608 shares of the company’s stock worth $5,872,000 after acquiring an additional 19,699 shares during the period. Finally, Mackay Shields LLC increased its stake in shares of Charter Communications by 53.2% in the fourth quarter. Mackay Shields LLC now owns 50,830 shares of the company’s stock worth $14,485,000 after acquiring an additional 17,655 shares during the period. Institutional investors and hedge funds own 74.90% of the company’s stock.
Shares of NASDAQ CHTR opened at $354.35 on Thursday. Charter Communications Inc has a 1 year low of $250.10 and a 1 year high of $368.02. The firm has a market cap of $79.90 billion, a P/E ratio of 67.88, a PEG ratio of 1.23 and a beta of 1.40. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.57.
A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Macquarie lowered shares of Charter Communications from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They noted that the move was a valuation call. Royal Bank of Canada lowered shares of Charter Communications from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $400.00 to $375.00 in a research note on Friday, March 29th. Zacks Investment Research upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 price objective on the stock in a research note on Tuesday, February 26th. Finally, TD Securities increased their price objective on shares of Charter Communications from $385.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, February 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $359.18.
In other Charter Communications news, CAO Kevin D. Howard sold 14,197 shares of the stock in a transaction on Monday, February 4th. The shares were sold at an average price of $343.18, for a total transaction of $4,872,126.46. Following the transaction, the chief accounting officer now directly owns 3,059 shares of the company’s stock, valued at $1,049,787.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Bickham sold 14,017 shares of the stock in a transaction on Thursday, February 7th. The shares were 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. Over the last ninety days, insiders have sold 57,233 shares of company stock worth $19,544,909. Insiders own 0.84% of the company’s stock.
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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.
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