Ontario Teachers Pension Plan Board Acquires 734 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Ontario Teachers Pension Plan Board grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 14.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,814 shares of the company’s stock after buying an additional 734 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Charter Communications were worth $1,690,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in Charter Communications by 12.5% during the 3rd quarter. American Century Companies Inc. now owns 14,539 shares of the company’s stock valued at $6,395,000 after acquiring an additional 1,610 shares during the period. Nordea Investment Management AB lifted its stake in Charter Communications by 1.7% during the 4th quarter. Nordea Investment Management AB now owns 6,942 shares of the company’s stock valued at $2,708,000 after acquiring an additional 119 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in Charter Communications by 10.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 913 shares of the company’s stock valued at $340,000 after acquiring an additional 87 shares during the period. Raymond James Trust N.A. lifted its stake in Charter Communications by 20.8% during the 4th quarter. Raymond James Trust N.A. now owns 1,262 shares of the company’s stock valued at $491,000 after acquiring an additional 217 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its stake in Charter Communications by 233.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 470 shares of the company’s stock valued at $183,000 after acquiring an additional 329 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Down 1.7 %

Charter Communications stock traded down $5.37 during trading hours on Tuesday, reaching $307.60. The stock had a trading volume of 152,872 shares, compared to its average volume of 1,431,251. The company has a market cap of $44.30 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 1.37 and a beta of 1.04. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. The business’s 50 day moving average price is $288.60 and its 200-day moving average price is $296.34. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. During the same quarter last year, the company earned $6.65 EPS. The business’s revenue was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Charter Communications, Inc. will post 31.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CHTR shares. The Goldman Sachs Group started coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 price objective on the stock. UBS Group lowered 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 note on Thursday, March 28th. Citigroup cut shares of Charter Communications from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $280.00 to $255.00 in a research note on Wednesday, July 3rd. Loop Capital decreased their target price on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Finally, Bank of America decreased their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four 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 $331.80.

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.