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

Public Employees Retirement Association of Colorado trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 37.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,459 shares of the company’s stock after selling 8,585 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Charter Communications were worth $5,620,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC raised its stake in shares of Charter Communications by 32.1% in the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after buying an additional 27 shares during the period. Parkside Financial Bank & Trust raised its stake in Charter Communications by 9.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock worth $138,000 after acquiring an additional 28 shares during the period. Aspiriant LLC lifted its holdings in Charter Communications by 2.3% during the fourth quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock valued at $596,000 after purchasing an additional 35 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Charter Communications by 5.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock worth $257,000 after purchasing an additional 36 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in shares of Charter Communications by 2.2% in the fourth quarter. Summit Trail Advisors LLC now owns 1,783 shares of the company’s stock worth $693,000 after purchasing an additional 39 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CHTR shares. Pivotal Research lowered their target price on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Bank of America dropped their price objective on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Wells Fargo & Company dropped their price target on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. Finally, Barclays cut their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $356.47.

View Our Latest Research Report on Charter Communications

Charter Communications Trading Down 0.9 %

Charter Communications stock opened at $276.83 on Friday. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $39.87 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The stock has a 50-day moving average of $269.76 and a two-hundred day moving average of $317.08. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30.

Charter Communications (NASDAQ:CHTRGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The company had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $6.65 earnings per share. On average, research analysts anticipate that Charter Communications, Inc. will post 32.02 EPS for the current fiscal year.

About Charter Communications

(Free Report)

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.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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