California State Teachers Retirement System Decreases Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

California State Teachers Retirement System cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,802 shares of the company’s stock after selling 3,362 shares during the period. California State Teachers Retirement System’s holdings in Charter Communications were worth $50,319,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its holdings in shares of 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 during the last quarter. Jones Financial Companies Lllp lifted its position in Charter Communications by 3.4% during the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after acquiring an additional 30 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Charter Communications by 4.2% in the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company’s stock valued at $254,000 after purchasing an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Charter Communications by 5.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock worth $213,000 after purchasing an additional 34 shares during the period. Finally, Keybank National Association OH increased its stake in Charter Communications by 2.6% in the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock valued at $477,000 after buying an additional 35 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CHTR shares. Morgan Stanley lifted their target price on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Raymond James raised Charter Communications from an “underperform” rating to a “market perform” rating in a report on Monday, May 19th. BNP Paribas reissued an “underperform” rating and set a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Finally, Wells Fargo & Company increased their price objective on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $409.39.

Charter Communications Trading Up 1.2%

Shares of Charter Communications stock opened at $411.13 on Wednesday. Charter Communications, Inc. has a 1 year low of $268.14 and a 1 year high of $437.06. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50 day moving average price of $373.95 and a 200 day moving average price of $367.76. The company has a market capitalization of $57.71 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results 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). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company had revenue of $13.74 billion for the quarter, compared to analysts’ expectations of $13.67 billion. During the same period in the previous year, the business posted $7.55 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. Sell-side analysts anticipate 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.