Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,478 shares of the company’s stock after selling 486 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Charter Communications were worth $4,277,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC grew its holdings in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC acquired a new position in shares of Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications in the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. boosted its holdings in Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after buying an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in Charter Communications in the fourth quarter worth approximately $45,000. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the subject of a number of recent research reports. BNP Paribas reiterated an “underperform” rating and set a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Barclays increased their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, April 22nd. Morgan Stanley raised their target price on shares of Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Royal Bank of Canada boosted their price target on shares of Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a report on Monday. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus price target of $399.35.

Charter Communications Stock Up 2.5 %

CHTR opened at $386.33 on Wednesday. The company has a market capitalization of $54.84 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a fifty-two week low of $252.93 and a fifty-two week high of $415.27. The business has a 50-day moving average of $356.13 and a 200-day moving average of $359.39.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. Charter Communications’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $7.55 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.