Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 55.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,002 shares of the company’s stock after selling 15,900 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Charter Communications were worth $3,812,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of Charter Communications by 26.8% during the 1st quarter. Victory Capital Management Inc. now owns 9,609 shares of the company’s stock valued at $2,991,000 after acquiring an additional 2,030 shares during the last quarter. ETRADE Capital Management LLC boosted its holdings in shares of Charter Communications by 22.7% during the 1st quarter. ETRADE Capital Management LLC now owns 1,588 shares of the company’s stock valued at $494,000 after acquiring an additional 294 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Charter Communications by 7.3% during the 1st quarter. US Bancorp DE now owns 11,928 shares of the company’s stock valued at $3,712,000 after acquiring an additional 811 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Charter Communications by 26.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,352 shares of the company’s stock valued at $421,000 after acquiring an additional 280 shares during the last quarter. Finally, Silvant Capital Management LLC purchased a new stake in shares of Charter Communications during the 1st quarter valued at about $117,000. 71.08% of the stock is currently owned by institutional investors.

In other news, EVP Richard R. Dykhouse sold 2,101 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $296.52, for a total value of $622,988.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.83% of the stock is owned by corporate insiders.

Shares of NASDAQ:CHTR opened at $319.47 on Tuesday. Charter Communications Inc has a twelve month low of $250.10 and a twelve month high of $396.64. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $73.76 billion, a PE ratio of 109.70, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.20. Charter Communications had a net margin of 23.59% and a return on equity of 1.45%. The firm had revenue of $10.85 billion for the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. analysts expect that Charter Communications Inc will post 4.43 EPS for the current fiscal year.

A number of analysts have recently issued reports on CHTR shares. ValuEngine downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Credit Suisse Group started coverage on shares of Charter Communications in a report on Tuesday, July 10th. They set a “neutral” rating and a $294.00 price target on the stock. Citigroup dropped their price target on shares of Charter Communications from $410.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Buckingham Research raised their price target on shares of Charter Communications from $397.00 to $418.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Finally, Macquarie reaffirmed a “buy” rating and set a $355.00 price target on shares of Charter Communications in a report on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $363.62.

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, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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