Public Employees Retirement System of Ohio Takes Position in Charter Communications, Inc. $CHTR

Public Employees Retirement System of Ohio acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,575 shares of the company’s stock, valued at approximately $3,637,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Advisory Services Network LLC increased its position in Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after purchasing an additional 38 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in Charter Communications by 1.7% in the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after acquiring an additional 41 shares in the last quarter. Occudo Quantitative Strategies LP lifted its holdings in shares of Charter Communications by 1.4% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after purchasing an additional 41 shares in the last quarter. Pure Financial Advisors LLC grew its holdings in shares of Charter Communications by 4.1% during the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock valued at $233,000 after buying an additional 44 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Charter Communications by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHTR. The Goldman Sachs Group cut their price target on Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a research note on Thursday, July 2nd. TD Cowen dropped their target price on Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. BNP Paribas Exane decreased their price target on Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Finally, Citigroup lowered their price target on Charter Communications from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $226.88.

Charter Communications Trading Down 4.8%

NASDAQ:CHTR opened at $151.38 on Friday. Charter Communications, Inc. has a 52 week low of $111.55 and a 52 week high of $285.82. The firm has a 50-day moving average price of $142.97 and a two-hundred day moving average price of $171.91. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $18.06 billion, a price-to-earnings ratio of 3.93, a price-to-earnings-growth ratio of 0.34 and a beta of 0.69.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The firm had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.18 EPS. On average, equities analysts expect that Charter Communications, Inc. will post 42.72 earnings per share for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.