Charter Communications, Inc. (NASDAQ:CHTR) Stake Boosted by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 51,904 shares of the company’s stock after purchasing an additional 1,696 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Charter Communications were worth $17,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Captrust Financial Advisors grew its position in shares of Charter Communications by 7.3% during the 3rd quarter. Captrust Financial Advisors now owns 1,240 shares of the company’s stock valued at $402,000 after buying an additional 84 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Charter Communications by 13.6% in the third quarter. EP Wealth Advisors LLC now owns 1,250 shares of the company’s stock valued at $405,000 after acquiring an additional 150 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of Charter Communications by 54.3% during the third quarter. Orion Portfolio Solutions LLC now owns 4,480 shares of the company’s stock valued at $1,452,000 after purchasing an additional 1,576 shares during the last quarter. MML Investors Services LLC raised its position in shares of Charter Communications by 24.7% during the 3rd quarter. MML Investors Services LLC now owns 2,925 shares of the company’s stock worth $948,000 after purchasing an additional 579 shares during the period. Finally, Coldstream Capital Management Inc. lifted its stake in Charter Communications by 26.6% in the third quarter. Coldstream Capital Management Inc. now owns 1,888 shares of the company’s stock valued at $625,000 after buying an additional 397 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $334.38 on Friday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The stock has a market capitalization of $47.46 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.44 and a beta of 1.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock’s fifty day simple moving average is $358.24 and its 200 day simple moving average is $357.71.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping 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 company posted $7.07 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CHTR. Royal Bank of Canada boosted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. BNP Paribas reissued an “underperform” rating and issued a $290.00 price target on shares of Charter Communications in a research note on Thursday. Citigroup started coverage on shares of Charter Communications in a research note on Friday, March 14th. They set a “buy” rating and a $425.00 price objective on the stock. Finally, Benchmark reiterated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $389.06.

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.