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

New York State Teachers Retirement System reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 6.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 84,848 shares of the company’s stock after selling 6,060 shares during the period. New York State Teachers Retirement System’s holdings in Charter Communications were worth $29,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its holdings in Charter Communications by 5.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 37,014 shares of the company’s stock worth $12,905,000 after buying an additional 1,839 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of Charter Communications by 6.6% in the 4th quarter. Avestar Capital LLC now owns 885 shares of the company’s stock worth $303,000 after acquiring an additional 55 shares during the period. Van ECK Associates Corp increased its stake in Charter Communications by 27.5% in the 4th quarter. Van ECK Associates Corp now owns 1,187 shares of the company’s stock valued at $407,000 after purchasing an additional 256 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Charter Communications by 3.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company’s stock valued at $1,696,000 after purchasing an additional 161 shares during the last quarter. Finally, Carnegie Lake Advisors LLC acquired a new position in shares of Charter Communications during the 4th quarter worth $206,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $360.27 on Friday. The stock has a market capitalization of $51.23 billion, a P/E ratio of 10.31, a PEG ratio of 0.43 and a beta of 1.11. The company has a current ratio of 0.31, a quick ratio of 0.34 and a debt-to-equity ratio of 4.73. The business’s fifty day moving average price is $354.19 and its 200 day moving average price is $354.12. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the company posted $7.07 EPS. As a group, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CHTR shares. Morgan Stanley lifted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Barclays raised their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Wells Fargo & Company lifted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Pivotal Research raised their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $384.42.

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.