Charter Communications, Inc. $CHTR Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 18,016.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,290,238 shares of the company’s stock after acquiring an additional 20,178,240 shares during the quarter. California State Teachers Retirement System owned 0.17% of Charter Communications worth $2,885,475,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CHTR. Advisory Services Network LLC increased its stake in shares of Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after purchasing an additional 38 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after purchasing an additional 41 shares during the period. Occudo Quantitative Strategies LP boosted 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 purchasing an additional 41 shares in the last quarter. Pure Financial Advisors LLC boosted its position in Charter Communications by 4.1% during the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in 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 period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

NASDAQ:CHTR opened at $140.56 on Friday. The stock has a 50 day moving average of $143.48 and a two-hundred day moving average of $168.72. Charter Communications, Inc. has a 12 month low of $111.55 and a 12 month high of $285.82. The firm has a market cap of $16.77 billion, a P/E ratio of 3.65, a price-to-earnings-growth ratio of 0.28 and a beta of 0.69. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32.

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

Analysts Set New Price Targets

A number of analysts have recently commented on CHTR shares. Barclays cut their price objective on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research report on Monday, July 27th. Sanford C. Bernstein reiterated a “market perform” rating and set a $150.00 target price on shares of Charter Communications in a research report on Monday, July 27th. The Goldman Sachs Group dropped their price target on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating on the stock in a research note on Thursday, July 2nd. Benchmark reissued a “buy” rating on shares of Charter Communications in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a research report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $226.88.

About Charter Communications

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.