Public Employees Retirement Association of Colorado trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR – Free Report) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,076 shares of the company’s stock after selling 2,633 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Charter Communications were worth $5,538,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CHTR. Colonial Trust Co SC raised its position in shares of Charter Communications by 111.1% during the 1st quarter. Colonial Trust Co SC now owns 76 shares of the company’s stock valued at $27,000 after purchasing an additional 40 shares during the period. West Branch Capital LLC purchased a new position in Charter Communications during the second quarter valued at $36,000. Capital Advisors Ltd. LLC grew its stake in Charter Communications by 307.4% during the second quarter. Capital Advisors Ltd. LLC now owns 110 shares of the company’s stock valued at $40,000 after acquiring an additional 83 shares in the last quarter. Ellevest Inc. grew its stake in Charter Communications by 54.1% during the first quarter. Ellevest Inc. now owns 114 shares of the company’s stock valued at $41,000 after acquiring an additional 40 shares in the last quarter. Finally, PSI Advisors LLC grew its stake in Charter Communications by 364.0% during the second quarter. PSI Advisors LLC now owns 116 shares of the company’s stock valued at $43,000 after acquiring an additional 91 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Charter Communications from $500.00 to $475.00 and set an “equal weight” rating for the company in a research note on Monday, October 30th. The Goldman Sachs Group dropped their price objective on shares of Charter Communications from $510.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, October 30th. Wells Fargo & Company raised shares of Charter Communications from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $450.00 to $550.00 in a research note on Friday, September 22nd. StockNews.com initiated coverage on shares of Charter Communications in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Loop Capital lifted their price objective on shares of Charter Communications from $390.00 to $405.00 and gave the stock a “hold” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Charter Communications presently has an average rating of “Moderate Buy” and an average price target of $501.52.
Charter Communications Stock Up 0.7 %
Shares of Charter Communications stock opened at $417.60 on Thursday. The firm’s 50 day moving average price is $429.96 and its 200-day moving average price is $393.63. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 6.50. Charter Communications, Inc. has a 52-week low of $302.21 and a 52-week high of $458.30. The company has a market cap of $61.77 billion, a P/E ratio of 13.63, a PEG ratio of 0.63 and a beta of 1.14.
Charter Communications (NASDAQ:CHTR – Get Free Report) last issued its quarterly earnings data on Friday, October 27th. The company reported $8.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.73 by $0.52. Charter Communications had a net margin of 8.60% and a return on equity of 34.63%. The firm had revenue of $13.58 billion for the quarter, compared to the consensus estimate of $13.64 billion. During the same quarter in the previous year, the firm earned $7.38 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts predict that Charter Communications, Inc. will post 31.96 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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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.
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