New York State Teachers Retirement System lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 6.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 79,491 shares of the company's stock after selling 5,357 shares during the period. New York State Teachers Retirement System owned about 0.06% of Charter Communications worth $29,295,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of CHTR. ST Germain D J Co. Inc. lifted its position in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after purchasing an additional 77 shares during the period. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications in the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. lifted its position in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the period. NBC Securities Inc. purchased a new stake in shares of Charter Communications in the 1st quarter worth approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Charter Communications by 29.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company's stock worth $97,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on CHTR shares. BNP Paribas reissued an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Wells Fargo & Company increased their target price on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. UBS Group increased their target price on shares of Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Bank of America increased their target price on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Oppenheimer raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price for the company in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Charter Communications has a consensus rating of "Hold" and an average target price of $421.26.
View Our Latest Stock Analysis on Charter Communications
Charter Communications Stock Performance
NASDAQ:CHTR traded up $3.99 during mid-day trading on Friday, hitting $416.25. The company's stock had a trading volume of 516,681 shares, compared to its average volume of 1,269,823. Charter Communications, Inc. has a 1 year low of $286.66 and a 1 year high of $437.06. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $58.42 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.45 and a beta of 1.08. The business's fifty day moving average is $399.84 and its two-hundred day moving average is $369.39.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The business had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. During the same period in the previous year, the company posted $7.55 earnings per share. Charter Communications's revenue for the quarter was up .4% compared to the same quarter last year. Analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.
About Charter Communications
(
Free Report)
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.
Recommended Stories
Before you consider Charter Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charter Communications wasn't on the list.
While Charter Communications currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
