New York State Common Retirement Fund Cuts Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

New York State Common Retirement Fund lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 5.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 52,138 shares of the company’s stock after selling 3,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Charter Communications were worth $17,871,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. Creative Planning grew its stake in Charter Communications by 1.5% in the third quarter. Creative Planning now owns 10,981 shares of the company’s stock valued at $3,559,000 after purchasing an additional 161 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Charter Communications by 14.3% in the third quarter. Sequoia Financial Advisors LLC now owns 2,618 shares of the company’s stock valued at $848,000 after purchasing an additional 327 shares during the last quarter. Signaturefd LLC grew its stake in Charter Communications by 10.6% in the third quarter. Signaturefd LLC now owns 1,232 shares of the company’s stock valued at $399,000 after purchasing an additional 118 shares during the last quarter. Greenleaf Trust grew its stake in Charter Communications by 6.2% in the third quarter. Greenleaf Trust now owns 2,126 shares of the company’s stock valued at $689,000 after purchasing an additional 125 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Charter Communications by 36.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 983 shares of the company’s stock valued at $319,000 after purchasing an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Thursday, December 12th. Morgan Stanley raised their price target on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Pivotal Research raised their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Trading Down 0.5 %

Shares of NASDAQ:CHTR opened at $361.04 on Friday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a market capitalization of $51.34 billion, a PE ratio of 10.33, a PEG ratio of 0.44 and a beta of 1.11. The business has a 50 day moving average of $352.53 and a two-hundred day moving average of $353.62. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the firm earned $7.07 earnings per share. As a group, analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.