Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,670 shares of the company’s stock after selling 92 shares during the period. Kentucky Retirement Systems’ holdings in Charter Communications were worth $2,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Creative Planning raised its holdings in shares of Charter Communications by 1.5% in the 3rd quarter. Creative Planning now owns 10,981 shares of the company’s stock valued at $3,559,000 after buying an additional 161 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Charter Communications by 14.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,618 shares of the company’s stock valued at $848,000 after buying an additional 327 shares during the period. Signaturefd LLC raised its holdings in shares of Charter Communications by 10.6% in the 3rd quarter. Signaturefd LLC now owns 1,232 shares of the company’s stock valued at $399,000 after buying an additional 118 shares during the period. Greenleaf Trust raised its holdings in shares of Charter Communications by 6.2% in the 3rd quarter. Greenleaf Trust now owns 2,126 shares of the company’s stock valued at $689,000 after buying an additional 125 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Charter Communications by 36.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 983 shares of the company’s stock valued at $319,000 after buying an additional 264 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CHTR shares. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Benchmark reiterated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $385.00 to $450.00 in a report on Monday, November 4th. Royal Bank of Canada upped their price target on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $384.42.

Charter Communications Trading Down 0.5 %

CHTR opened at $361.04 on Friday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a market cap of $51.34 billion, a P/E ratio of 10.33, a PEG ratio of 0.44 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50-day simple moving average is $352.53 and its 200-day simple moving average is $353.62.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the firm posted $7.07 earnings per share. As a group, equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Company 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.