New Mexico Educational Retirement Board Decreases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

New Mexico Educational Retirement Board cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 4.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,600 shares of the company’s stock after selling 200 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Charter Communications were worth $1,577,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new stake in Charter Communications in the third quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications in the third quarter valued at about $28,000. Avior Wealth Management LLC increased its holdings in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications in the fourth quarter valued at about $45,000. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR stock opened at $360.27 on Monday. The company has a market capitalization of $51.23 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.43 and a beta of 1.11. The business’s 50 day moving average is $354.19 and its two-hundred day moving average is $353.92. The company has a current ratio of 0.31, a quick ratio of 0.34 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $7.07 EPS. Analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CHTR shares. Wells Fargo & Company increased their price objective on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Royal Bank of Canada increased their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Benchmark reissued a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Finally, Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.