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

California State Teachers Retirement System grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 27.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,678 shares of the company's stock after buying an additional 30,680 shares during the quarter. California State Teachers Retirement System owned 0.12% of Charter Communications worth $20,290,238 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Cassaday & Co Wealth Management LLC acquired a new position in shares of Charter Communications during the first quarter valued at $25,000. Manchester Capital Management LLC lifted its stake in shares of Charter Communications by 1,600.0% during the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company's stock valued at $39,000 after acquiring an additional 176 shares during the period. Trust Co. of Vermont acquired a new position in shares of Charter Communications in the second quarter valued at approximately $28,000. Raiffeisen Bank International AG raised its holdings in shares of Charter Communications by 259.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 223 shares of the company's stock valued at $33,000 after purchasing an additional 161 shares during the period. Finally, Global Retirement Partners LLC raised its position in shares of Charter Communications by 29.3% in the fourth quarter. Global Retirement Partners LLC now owns 357 shares of the company's stock valued at $75,000 after buying an additional 81 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR traded down $2.41 during mid-day trading on Tuesday, reaching $140.94. The company's stock had a trading volume of 946,361 shares, compared to its average volume of 2,745,341. The stock has a market cap of $16.81 billion, a P/E ratio of 3.66, a PEG ratio of 0.31 and a beta of 0.69. The business has a 50-day simple moving average of $143.81 and a two-hundred day simple moving average of $167.52. Charter Communications, Inc. has a 1-year low of $111.55 and a 1-year 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.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on CHTR shares. Zacks Research upgraded shares of Charter Communications from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Citigroup lowered their price objective on shares of Charter Communications from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. Wolfe Research restated an "underperform" rating and set a $118.00 target price on shares of Charter Communications in a research note on Monday. Barclays decreased their target price on shares of Charter Communications from $130.00 to $115.00 and set an "underweight" rating on the stock in a research note on Monday, July 27th. Finally, New Street Research reduced their price objective on shares of Charter Communications from $328.00 to $302.00 and set a "buy" rating for the company in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, Charter Communications presently has a consensus rating of "Reduce" and a consensus price target of $216.56.

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.

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