Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 19.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,336 shares of the company’s stock after selling 3,923 shares during the period. Texas Permanent School Fund Corp’s holdings in Charter Communications were worth $4,884,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. increased its position in shares of Charter Communications by 50.8% during the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after purchasing an additional 3,080 shares in the last quarter. Sands Capital Management LLC grew its holdings in shares of Charter Communications by 5.7% during the fourth quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock worth $124,323,000 after buying an additional 17,112 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Charter Communications during the second quarter worth about $7,171,000. Oakcliff Capital Partners LP grew its holdings in shares of Charter Communications by 8.2% during the fourth quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock worth $14,954,000 after buying an additional 2,900 shares during the last quarter. Finally, FORA Capital LLC grew its holdings in shares of Charter Communications by 45.8% during the first quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock worth $6,029,000 after buying an additional 6,519 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

CHTR stock opened at $339.03 on Friday. The firm has a 50 day moving average of $340.23 and a 200-day moving average of $300.17. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The company has a market cap of $48.83 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) 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 company had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same period last year, the firm earned $8.05 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts expect that Charter Communications, Inc. will post 32.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CHTR shares. JPMorgan Chase & Co. raised their price target on Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Barclays raised their price target on Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Rosenblatt Securities raised their price target on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, Morgan Stanley raised their price target on Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $360.93.

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.