Public Employees Retirement System of Ohio lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,669 shares of the company's stock after acquiring an additional 2,553 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Charter Communications were worth $14,968,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its stake in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new position in Charter Communications during the fourth quarter worth about $32,000. Generali Asset Management SPA SGR bought a new stake in Charter Communications in the fourth quarter worth about $36,000. Brown Brothers Harriman & Co. raised its position in Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications in the 4th quarter valued at about $45,000. Institutional investors own 81.76% of the company's stock.
Charter Communications Stock Down 1.3%
Shares of NASDAQ:CHTR traded down $5.07 on Friday, reaching $390.74. The company had a trading volume of 450,555 shares, compared to its average volume of 1,270,194. The stock has a 50-day moving average price of $375.39 and a 200 day moving average price of $368.03. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a twelve month low of $270.86 and a twelve month high of $437.06. The stock has a market capitalization of $54.85 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.44 and a beta of 1.11.
Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. During the same quarter in the previous year, the firm posted $7.55 earnings per share. Charter Communications's quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.
Analyst Upgrades and Downgrades
CHTR has been the topic of a number of research reports. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Morgan Stanley increased their price objective on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Citigroup lifted their target price on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. BNP Paribas restated an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Finally, Barclays lifted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $409.39.
Read Our Latest Report on CHTR
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.
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