25,575 Shares in Charter Communications, Inc. $CHTR Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 25,575 Charter Communications shares worth approximately $3.64 million, while institutional investors collectively own 81.76% of the stock.
• Analyst sentiment is mixed but leans toward “Hold”: five analysts rate the stock Buy, nine Hold, and five Sell, with a consensus price target of $226.88. Wells Fargo and Goldman Sachs recently lowered their price targets and maintained bearish ratings.
• Charter reported quarterly EPS of $10.66, beating estimates of $9.98, and revenue of $13.53 billion, slightly above expectations; however, revenue declined 1.7% year over year, and the stock opened at $151.38 after a 4.8% decline.

Public Employees Retirement System of Ohio bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,575 shares of the company's stock, valued at approximately $3,637,000.

Several other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Charter Communications by 129.1% in the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company's stock valued at $4,356,000 after purchasing an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Charter Communications by 16.3% in the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company's stock valued at $336,000 after acquiring an additional 128 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Charter Communications by 48.1% during the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company's stock worth $493,000 after acquiring an additional 435 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Charter Communications by 451.1% during the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company's stock worth $270,000 after purchasing an additional 600 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on CHTR shares. Weiss Ratings reissued a "sell (d+)" rating on shares of Charter Communications in a report on Wednesday, June 24th. Freedom Capital raised shares of Charter Communications to a "hold" rating in a research report on Friday, June 12th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $150.00 target price on shares of Charter Communications in a report on Monday, July 27th. Wells Fargo & Company reduced their price target on Charter Communications from $160.00 to $101.00 and set an "underweight" rating for the company in a report on Monday, July 27th. Finally, The Goldman Sachs Group reduced their target price on Charter Communications from $185.00 to $125.00 and set a "sell" rating for the company in a research note on Thursday, July 2nd. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and a consensus price target of $226.88.

Charter Communications Stock Down 4.8%

CHTR stock opened at $151.38 on Friday. The firm has a 50-day moving average price of $142.97 and a 200-day moving average price of $171.91. Charter Communications, Inc. has a 12 month low of $111.55 and a 12 month high of $285.82. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. The stock has a market capitalization of $18.06 billion, a P/E ratio of 3.93, a price-to-earnings-growth ratio of 0.34 and a beta of 0.69.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.98 by $0.68. The business had revenue of $13.53 billion during the quarter, compared to analysts' expectations of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $9.18 EPS. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 42.72 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter's service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company's consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

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