Teacher Retirement System of Texas Acquires 9,724 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Teacher Retirement System of Texas increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 120.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,801 shares of the company's stock after acquiring an additional 9,724 shares during the quarter. Teacher Retirement System of Texas' holdings in Charter Communications were worth $6,560,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its holdings in Charter Communications by 37.7% during 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 during the period. Jones Financial Companies Lllp raised its stake in shares of Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock valued at $310,000 after buying an additional 30 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Charter Communications by 4.2% in the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock valued at $254,000 after buying an additional 30 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock valued at $213,000 after buying an additional 34 shares during the period. Finally, Keybank National Association OH raised its stake in shares of Charter Communications by 2.6% in the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company's stock valued at $477,000 after buying an additional 35 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

Charter Communications stock opened at $416.25 on Monday. Charter Communications, Inc. has a 52 week low of $286.66 and a 52 week high of $437.06. The business has a 50-day simple moving average of $399.84 and a 200 day simple moving average of $369.51. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. 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.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter 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. On average, research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CHTR shares. UBS Group boosted their target price on Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and boosted their target price for the company from $430.00 to $510.00 in a research note on Monday, May 19th. Sanford C. Bernstein lowered Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 target price on the stock. in a research note on Monday, June 2nd. Finally, Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a research note on Friday, May 16th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $421.26.

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.

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