California Public Employees Retirement System Cuts Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

California Public Employees Retirement System trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,683 shares of the company’s stock after selling 15,519 shares during the quarter. California Public Employees Retirement System’s holdings in Charter Communications were worth $53,363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Charter Communications during the 4th quarter worth approximately $1,032,236,000. Arrowstreet Capital Limited Partnership raised its stake in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after buying an additional 609,554 shares in the last quarter. Franklin Resources Inc. lifted its stake in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Amundi lifted its position in shares of Charter Communications by 62.0% in the 4th quarter. Amundi now owns 288,559 shares of the company’s stock worth $100,799,000 after buying an additional 110,410 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Charter Communications in the fourth quarter valued at approximately $33,485,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Up 0.6 %

CHTR opened at $370.91 on Wednesday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm’s fifty day moving average price is $360.45 and its two-hundred day moving average price is $357.31. The company has a market capitalization of $52.74 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the business posted $7.07 EPS. On average, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several analyst reports. Royal Bank of Canada boosted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Citigroup began coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. StockNews.com lowered Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Finally, KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $393.18.

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.