Treasurer of the State of North Carolina Has $17.79 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Treasurer of the State of North Carolina lifted its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,904 shares of the company's stock after purchasing an additional 1,696 shares during the quarter. Treasurer of the State of North Carolina's holdings in Charter Communications were worth $17,791,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CHTR. Captrust Financial Advisors lifted its stake in shares of Charter Communications by 7.3% in the 3rd quarter. Captrust Financial Advisors now owns 1,240 shares of the company's stock valued at $402,000 after purchasing an additional 84 shares during the period. EP Wealth Advisors LLC lifted its holdings in Charter Communications by 13.6% during the 3rd quarter. EP Wealth Advisors LLC now owns 1,250 shares of the company's stock worth $405,000 after purchasing an additional 150 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Charter Communications by 54.3% during the third quarter. Orion Portfolio Solutions LLC now owns 4,480 shares of the company's stock worth $1,452,000 after acquiring an additional 1,576 shares during the period. MML Investors Services LLC increased its position in shares of Charter Communications by 24.7% in the third quarter. MML Investors Services LLC now owns 2,925 shares of the company's stock worth $948,000 after purchasing an additional 579 shares during the period. Finally, Coldstream Capital Management Inc. lifted its stake in Charter Communications by 26.6% during the third quarter. Coldstream Capital Management Inc. now owns 1,888 shares of the company's stock worth $625,000 after purchasing an additional 397 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

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Charter Communications Stock Up 2.7 %

CHTR stock traded up $9.02 during mid-day trading on Thursday, hitting $341.52. The stock had a trading volume of 390,715 shares, compared to its average volume of 1,241,084. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $48.48 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.44 and a beta of 1.13. The company has a fifty day moving average of $357.64 and a 200 day moving average of $357.81. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the business posted $7.07 earnings per share. On average, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHTR. StockNews.com cut Charter Communications from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Citigroup started 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 for the company. Wells Fargo & Company reduced their target price on shares of Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a research report on Monday. Benchmark reissued a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Finally, Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Charter Communications currently has an average rating of "Hold" and a consensus target price of $387.88.

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.