Oregon Public Employees Retirement Fund Has $2.92 Million Stake in Charter Communications, Inc. $CHTR

Oregon Public Employees Retirement Fund increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 29.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,604 shares of the company’s stock after buying an additional 2,413 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Charter Communications were worth $2,917,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its holdings in Charter Communications by 35.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,530 shares of the company’s stock valued at $3,996,000 after acquiring an additional 3,820 shares in the last quarter. Webster Bank N. A. acquired a new position in Charter Communications in the third quarter valued at about $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in Charter Communications during the third quarter worth about $30,000. Foster & Motley Inc. grew its stake in Charter Communications by 54.0% during the third quarter. Foster & Motley Inc. now owns 1,967 shares of the company’s stock worth $541,000 after buying an additional 690 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in Charter Communications by 20.7% in the 3rd quarter. HB Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $633,000 after buying an additional 395 shares during the period. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BNP Paribas Exane cut their price target on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a report on Tuesday, November 4th. Bank of America cut their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $280.00 price target (down previously from $350.00) on shares of Charter Communications in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Finally, Citigroup decreased their target price on Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, Charter Communications has an average rating of “Reduce” and a consensus price target of $321.13.

Charter Communications Trading Up 0.4%

NASDAQ CHTR opened at $210.59 on Monday. The company has a market cap of $27.25 billion, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06. Charter Communications, Inc. has a twelve month low of $193.00 and a twelve month high of $437.06. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.89. The business’s fifty day moving average is $207.00 and its 200 day moving average is $264.04.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The firm had revenue of $13.67 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same period in the previous year, the company earned $8.82 EPS. Charter Communications’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the sale, the director directly owned 10,146 shares in the company, valued at $2,294,822.28. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

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.