Public Employees Retirement Association of Colorado Reduces Stake in Charter Communications, Inc. (CHTR)
Public Employees Retirement Association of Colorado decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 0.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 41,288 shares of the company’s stock after selling 126 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Charter Communications were worth $13,908,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CHTR. Addison Capital Co raised its position in shares of Charter Communications by 229.7% in the first quarter. Addison Capital Co now owns 5,216 shares of the company’s stock valued at $1,707,000 after buying an additional 3,634 shares during the period. State Treasurer State of Michigan raised its stake in shares of Charter Communications by 0.3% in the second quarter. State Treasurer State of Michigan now owns 70,900 shares of the company’s stock worth $23,883,000 after buying an additional 200 shares during the last quarter. Jennison Associates LLC raised its stake in Charter Communications by 32.3% in the first quarter. Jennison Associates LLC now owns 3,286,979 shares of the company’s stock worth $1,075,894,000 after buying an additional 801,716 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in Charter Communications by 1.0% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 38,248 shares of the company’s stock worth $12,519,000 after buying an additional 389 shares in the last quarter. Finally, Doyle Wealth Management bought a new stake in Charter Communications during the first quarter worth $5,857,000. 77.76% of the stock is currently owned by institutional investors.
Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded down 1.05% during trading on Friday, reaching $394.49. 2,399,848 shares of the company’s stock traded hands. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83. The company has a market capitalization of $101.73 billion, a price-to-earnings ratio of 113.00 and a beta of 1.09. The stock has a 50-day moving average of $355.52 and a 200-day moving average of $335.77.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. During the same period last year, the firm posted $0.99 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts predict that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on CHTR. Telsey Advisory Group raised Charter Communications from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $340.00 to $450.00 in a research report on Wednesday. Royal Bank Of Canada upped their target price on Charter Communications from $356.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Guggenheim downgraded Charter Communications from a “buy” rating to a “neutral” rating and upped their target price for the company from $370.00 to $400.00 in a research report on Thursday, August 3rd. Barclays PLC set a $354.00 price target on shares of Charter Communications and gave the company an “equal weight” rating in a report on Wednesday, August 2nd. Finally, HSBC Holdings plc reissued a “hold” rating and set a $360.00 target price (up from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Charter Communications presently has an average rating of “Buy” and a consensus target price of $361.46.
About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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