Illinois Municipal Retirement Fund Sells 2,955 Shares of Charter Communications, Inc. $CHTR

Illinois Municipal Retirement Fund lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 46.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,471 shares of the company’s stock after selling 2,955 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Charter Communications were worth $955,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CHTR. Norges Bank acquired a new position in Charter Communications in the second quarter valued at about $1,145,387,000. Lind Value II ApS acquired a new position in shares of Charter Communications during the 3rd quarter worth about $60,646,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Charter Communications by 15.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company’s stock worth $644,210,000 after purchasing an additional 209,869 shares in the last quarter. State Street Corp grew its position in shares of Charter Communications by 3.2% in the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company’s stock valued at $2,651,669,000 after purchasing an additional 198,979 shares during the period. Finally, Holocene Advisors LP increased its position in shares of Charter Communications by 71.3% during the second quarter. Holocene Advisors LP now owns 367,607 shares of the company’s stock worth $150,281,000 after acquiring an additional 152,960 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 0.9%

Shares of Charter Communications stock opened at $239.14 on Thursday. The firm’s 50 day moving average is $210.14 and its 200 day moving average is $233.11. The firm has a market capitalization of $30.28 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.37 and a beta of 1.05. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.10 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CHTR. BNP Paribas Exane set a $160.00 target price on shares of Charter Communications in a research report on Tuesday, January 27th. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Barclays cut their price target on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, November 3rd. UBS Group set a $425.00 price target on shares of Charter Communications in a report on Thursday, January 29th. Finally, Citigroup decreased their price objective on Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $335.67.

Charter Communications 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.