Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,046 shares of the company's stock after selling 14,468 shares during the quarter. New York State Common Retirement Fund owned 0.09% of Charter Communications worth $54,044,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wetzel Investment Advisors Inc. bought a new stake in shares of Charter Communications during the fourth quarter valued at approximately $25,000. Catalyst Capital Advisors LLC raised its position in shares of Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company's stock valued at $49,000 after buying an additional 27 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Charter Communications during the fourth quarter valued at approximately $44,000. NBC Securities Inc. bought a new stake in shares of Charter Communications during the third quarter valued at approximately $56,000. Finally, Bourgeon Capital Management LLC raised its position in shares of Charter Communications by 219.5% during the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company's stock valued at $51,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Charter Communications from $340.00 to $290.00 and set an "equal weight" rating on the stock in a research report on Friday, April 5th. UBS Group reduced their price objective on shares of Charter Communications from $360.00 to $325.00 and set a "neutral" rating on the stock in a research report on Thursday, March 28th. Sanford C. Bernstein upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $370.00 price target on the stock in a research report on Monday, March 18th. Rosenblatt Securities reduced their price target on shares of Charter Communications from $334.00 to $297.00 and set a "neutral" rating on the stock in a research report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Charter Communications from $375.00 to $320.00 and set a "hold" rating on the stock in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications has an average rating of "Hold" and an average price target of $380.80.

Charter Communications Trading Down 0.6 %

CHTR stock traded down $1.61 during mid-day trading on Wednesday, reaching $264.70. 1,132,689 shares of the stock traded hands, compared to its average volume of 1,578,214. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30. The stock has a market capitalization of $38.44 billion, a PE ratio of 8.87, a PEG ratio of 0.46 and a beta of 0.96. The business has a 50-day moving average price of $283.08 and a two-hundred day moving average price of $350.67.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.76 by ($1.69). The company had revenue of $13.71 billion for the quarter, compared to analysts' expectations of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.69 earnings per share. Equities research analysts expect that Charter Communications, Inc. will post 32.38 EPS for the current year.

Charter Communications 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.