Louisiana State Employees Retirement System Decreases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Louisiana State Employees Retirement System lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,600 shares of the company's stock after selling 800 shares during the period. Louisiana State Employees Retirement System's holdings in Charter Communications were worth $5,347,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Reston Wealth Management LLC bought a new stake in shares of Charter Communications during the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications during the 3rd quarter valued at $28,000. Avior Wealth Management LLC boosted its holdings in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after buying an additional 45 shares in the last quarter. Grove Bank & Trust boosted its holdings in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after buying an additional 34 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Charter Communications during the 4th quarter valued at $45,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of Charter Communications stock traded down $0.50 during trading hours on Friday, reaching $360.27. 671,831 shares of the stock traded hands, compared to its average volume of 1,270,221. The company has a 50 day moving average price of $354.19 and a 200 day moving average price of $353.92. The firm has a market capitalization of $51.23 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

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 return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the firm posted $7.07 earnings per share. On average, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research reports. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th. Pivotal Research lifted their price target on Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Morgan Stanley lifted their price target on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Royal Bank of Canada lifted their price target on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Charter Communications currently has an average rating of "Hold" and a consensus price target of $384.42.

Charter Communications Company 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.