California State Teachers Retirement System Has $24.18 Million Stock Holdings in Charter Communications, Inc. $CHTR

California State Teachers Retirement System decreased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,998 shares of the company’s stock after selling 8,190 shares during the period. California State Teachers Retirement System’s holdings in Charter Communications were worth $24,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC grew its stake in shares of Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after acquiring an additional 38 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in shares of Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after acquiring an additional 41 shares during the period. Occudo Quantitative Strategies LP increased its position in Charter Communications by 1.4% during the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after buying an additional 41 shares during the last quarter. Pure Financial Advisors LLC increased its holdings in shares of Charter Communications by 4.1% during the 4th quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after acquiring an additional 44 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Charter Communications by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after purchasing an additional 49 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Up 2.1%

Shares of NASDAQ CHTR opened at $144.98 on Friday. The company has a market capitalization of $17.29 billion, a P/E ratio of 3.76, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.40 and a current ratio of 0.36. Charter Communications, Inc. has a 52-week low of $111.55 and a 52-week high of $285.82. The company’s 50 day moving average price is $135.65 and its 200-day moving average price is $181.61.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The firm had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.51 billion. During the same period last year, the business posted $9.18 EPS. The business’s revenue was down 1.7% compared to the same quarter last year. Equities analysts forecast that Charter Communications, Inc. will post 42.72 earnings per share for the current year.

Insider Buying and Selling at Charter Communications

In related news, Director Thomas Rutledge sold 69,633 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the transaction, the director directly owned 3,968 shares of the company’s stock, valued at $573,177.60. This represents a 94.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mauricio Ramos purchased 9,929 shares of Charter Communications stock in a transaction on Friday, May 15th. The stock was bought at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the acquisition, the director directly owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. This trade represents a 105.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 target price on shares of Charter Communications in a research report on Monday, July 27th. Benchmark reissued a “buy” rating on shares of Charter Communications in a report on Wednesday, July 22nd. Citigroup decreased their price objective on shares of Charter Communications from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group lowered their price target on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a report on Thursday, July 2nd. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $226.88.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.