State of Alaska Department of Revenue Has $442,000 Stake in Charter Communications, Inc. (NASDAQ:CHTR)

State of Alaska Department of Revenue lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 14.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,314 shares of the company’s stock after selling 216 shares during the period. State of Alaska Department of Revenue’s holdings in Charter Communications were worth $442,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CHTR. Quadrant Capital Group LLC raised its stake in Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock valued at $197,000 after buying an additional 3 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Charter Communications by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 67,693 shares of the company’s stock valued at $22,157,000 after buying an additional 1,465 shares during the last quarter. Creative Planning raised its stake in shares of Charter Communications by 8.4% in the first quarter. Creative Planning now owns 4,632 shares of the company’s stock valued at $1,516,000 after buying an additional 358 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Charter Communications by 4.5% in the first quarter. Raymond James Trust N.A. now owns 741 shares of the company’s stock valued at $242,000 after buying an additional 32 shares during the last quarter. Finally, Trust Co acquired a new stake in shares of Charter Communications during the fourth quarter valued at approximately $200,000. 74.44% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications, Inc. (NASDAQ CHTR) opened at 348.08 on Tuesday. Charter Communications, Inc. has a 12 month low of $233.00 and a 12 month high of $355.00. The company’s 50-day moving average price is $338.66 and its 200-day moving average price is $328.44. The stock has a market cap of $93.12 billion, a P/E ratio of 23.64 and a beta of 1.07.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Tuesday, May 2nd. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by $0.42. The company had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.26 billion. Charter Communications had a net margin of 10.55% and a return on equity of 1.41%. Charter Communications’s quarterly revenue was up 301.7% compared to the same quarter last year. During the same quarter last year, the company posted ($1.68) EPS. Equities analysts forecast that Charter Communications, Inc. will post $0.60 earnings per share for the current year.

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Several analysts have commented on CHTR shares. Macquarie reissued a “buy” rating and issued a $365.00 price objective on shares of Charter Communications in a report on Tuesday, May 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $356.00 price objective on shares of Charter Communications in a report on Friday, April 21st. SunTrust Banks, Inc. initiated coverage on Charter Communications in a research report on Tuesday, April 18th. They issued a “buy” rating and a $380.00 target price on the stock. Deutsche Bank AG decreased their target price on Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, May 4th. Finally, BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Eleven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $333.92.

In other Charter Communications news, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $323.62, for a total transaction of $323,620.00. Following the sale, the director now owns 13,436 shares in the company, valued at approximately $4,348,158.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David C. Merritt bought 1,200 shares of the stock in a transaction on Thursday, May 11th. The shares were bought at an average price of $326.31 per share, for a total transaction of $391,572.00. Following the acquisition, the director now owns 8,174 shares in the company, valued at approximately $2,667,257.94. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by corporate insiders.

About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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