Kentucky Retirement Systems Insurance Trust Fund Buys Shares of 2,689 Charter Communications, Inc. (NASDAQ:CHTR)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 2,689 shares of the company's stock, valued at approximately $991,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. lifted its holdings in shares of Charter Communications by 13.7% in the first quarter. Praxis Investment Management Inc. now owns 1,160 shares of the company's stock valued at $427,000 after purchasing an additional 140 shares in the last quarter. PFG Investments LLC boosted its position in Charter Communications by 8.6% during the 1st quarter. PFG Investments LLC now owns 2,146 shares of the company's stock worth $791,000 after acquiring an additional 170 shares during the last quarter. Institute for Wealth Management LLC. grew its stake in shares of Charter Communications by 27.9% during the 1st quarter. Institute for Wealth Management LLC. now owns 2,035 shares of the company's stock worth $750,000 after acquiring an additional 444 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Charter Communications by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 11,300 shares of the company's stock valued at $4,164,000 after purchasing an additional 270 shares during the last quarter. Finally, Clarius Group LLC bought a new stake in shares of Charter Communications in the first quarter worth $274,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on CHTR shares. Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday. Royal Bank Of Canada increased their price target on Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday, April 28th. Morgan Stanley boosted their price target on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and increased their price objective for the company from $430.00 to $510.00 in a report on Monday, May 19th. Finally, Raymond James Financial upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and an average price target of $410.20.

Charter Communications Price Performance

CHTR traded up $10.92 on Tuesday, hitting $403.50. 1,020,097 shares of the stock were exchanged, compared to its average volume of 1,281,020. The firm has a market capitalization of $56.64 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.42 and a beta of 1.08. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. Charter Communications, Inc. has a 12 month low of $282.18 and a 12 month high of $437.06. The business has a 50-day moving average of $387.54 and a two-hundred day moving average of $367.29.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The firm had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter in the prior year, the business posted $7.55 EPS. The business's revenue was up .4% on a year-over-year basis. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 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; 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.