Public Employees Retirement Association of Colorado Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

Public Employees Retirement Association of Colorado reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,972 shares of the company’s stock after selling 600 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Charter Communications were worth $3,878,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in shares of Charter Communications during the 4th quarter worth approximately $290,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Charter Communications by 7.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 620 shares of the company’s stock valued at $241,000 after purchasing an additional 45 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Charter Communications by 2.5% in the fourth quarter. Wells Fargo & Company MN now owns 34,966 shares of the company’s stock worth $13,591,000 after purchasing an additional 859 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Charter Communications by 3.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,811 shares of the company’s stock worth $1,870,000 after buying an additional 158 shares during the period. Finally, Team Hewins LLC bought a new stake in Charter Communications during the 4th quarter valued at about $213,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $330.40 on Monday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30. The business’s fifty day simple moving average is $344.81 and its 200-day simple moving average is $302.50. 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 $47.59 billion, a PE ratio of 10.69, a PEG ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same quarter last year, the company earned $8.05 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CHTR. JPMorgan Chase & Co. upped their target price on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Morgan Stanley raised their price objective on Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. The Goldman Sachs Group initiated coverage on Charter Communications in a report on Monday, July 1st. They issued a “sell” rating and a $250.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $359.94.

About Charter Communications

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.