New York State Teachers Retirement System Sells 6,207 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

New York State Teachers Retirement System cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,892 shares of the company’s stock after selling 6,207 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Charter Communications worth $28,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its stake in shares of Charter Communications by 53.6% in the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after buying an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Charter Communications by 96.5% during the first quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock worth $827,848,000 after acquiring an additional 1,399,034 shares during the period. Norges Bank bought a new position in Charter Communications in the 4th quarter valued at $310,727,000. Parnassus Investments LLC raised its stake in shares of Charter Communications by 40.1% during the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after purchasing an additional 463,968 shares during the period. Finally, Putnam Investments LLC boosted its holdings in shares of Charter Communications by 24.5% in the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after buying an additional 242,448 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHTR has been the topic of several research reports. Barclays lifted their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Pivotal Research boosted their target price on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Monday, July 29th. TD Cowen lifted their price objective on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Citigroup increased their target price on shares of Charter Communications from $255.00 to $350.00 and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group initiated coverage on shares of Charter Communications in a research note on Monday, July 1st. They set a “sell” rating and a $250.00 price target on the stock. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $360.93.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $348.73 on Friday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The company has a quick ratio of 0.40, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The stock has a market cap of $50.23 billion, a P/E ratio of 11.28, a PEG ratio of 0.70 and a beta of 1.04. The business’s 50-day moving average price is $326.42 and its two-hundred day moving average price is $295.41.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. During the same period last year, the firm posted $8.05 earnings per share. Charter Communications’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts predict that Charter Communications, Inc. will post 32.52 EPS for the current fiscal year.

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.