California Public Employees Retirement System Decreases Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

California Public Employees Retirement System cut its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,003 shares of the company's stock after selling 6,950 shares during the period. California Public Employees Retirement System owned about 0.13% of Charter Communications worth $75,794,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. CX Institutional boosted its position in Charter Communications by 2.3% in the third quarter. CX Institutional now owns 1,185 shares of the company's stock valued at $521,000 after buying an additional 27 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Charter Communications by 4.8% during the 3rd quarter. Proficio Capital Partners LLC now owns 595 shares of the company's stock valued at $262,000 after buying an additional 27 shares during the period. Catalyst Capital Advisors LLC increased its position in shares of Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company's stock worth $49,000 after purchasing an additional 27 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Charter Communications by 9.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 313 shares of the company's stock worth $138,000 after acquiring an additional 28 shares during the last quarter. Finally, PDS Planning Inc raised its holdings in shares of Charter Communications by 3.4% in the 3rd quarter. PDS Planning Inc now owns 870 shares of the company's stock valued at $383,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Trading Down 2.1 %

CHTR traded down $5.60 during midday trading on Thursday, hitting $259.10. The company's stock had a trading volume of 2,171,336 shares, compared to its average volume of 1,585,642. The firm has a market cap of $37.63 billion, a P/E ratio of 8.82, a PEG ratio of 0.47 and a beta of 0.96. Charter Communications, Inc. has a 52-week low of $254.31 and a 52-week high of $458.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. The firm has a 50-day moving average price of $282.63 and a two-hundred day moving average price of $350.07.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CHTR. UBS Group reduced their target price on shares of Charter Communications from $360.00 to $325.00 and set a "neutral" rating on the stock in a report on Thursday, March 28th. Benchmark cut their price objective on shares of Charter Communications from $490.00 to $440.00 and set a "buy" rating on the stock in a report on Monday, February 5th. Barclays reduced their price target on shares of Charter Communications from $280.00 to $250.00 and set an "underweight" rating for the company in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft lowered their target price 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. Finally, Bank of America decreased their price objective on Charter Communications from $350.00 to $315.00 and set a "neutral" rating for the company in a research report on Tuesday, April 9th. One 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. According to MarketBeat, Charter Communications currently has an average rating of "Hold" and a consensus price target of $380.80.

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.