New York State Common Retirement Fund Sells 14,800 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

New York State Common Retirement Fund lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 21.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,138 shares of the company's stock after selling 14,800 shares during the quarter. New York State Common Retirement Fund's holdings in Charter Communications were worth $17,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CHTR. Capital International Investors grew its holdings in shares of Charter Communications by 53.6% during the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company's stock worth $3,068,661,000 after acquiring an additional 3,685,451 shares during the period. Pzena Investment Management LLC raised its holdings in Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company's stock worth $903,932,000 after purchasing an additional 175,130 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Charter Communications by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company's stock valued at $212,998,000 after buying an additional 69,959 shares in the last quarter. First Pacific Advisors LP boosted its holdings in shares of Charter Communications by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 612,604 shares of the company's stock valued at $183,144,000 after buying an additional 12,218 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Charter Communications by 172,425.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company's stock worth $104,188,000 after buying an additional 348,299 shares during the period. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded up $25.64 during midday trading on Wednesday, hitting $408.02. 2,412,006 shares of the stock traded hands, compared to its average volume of 1,387,289. The firm has a market capitalization of $58.24 billion, a P/E ratio of 11.98, a PEG ratio of 0.66 and a beta of 1.03. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $421.16. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.39 and a current ratio of 0.34. The firm has a 50-day moving average of $333.90 and a two-hundred day moving average of $314.01.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the prior year, the company earned $8.25 earnings per share. Charter Communications's revenue was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Charter Communications, Inc. will post 32.51 EPS for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent research reports. TD Cowen lifted their price target on shares of Charter Communications from $488.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Morgan Stanley boosted 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. Pivotal Research raised their price objective on Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research report on Monday. Barclays lifted their price objective on Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their target price on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $379.06.

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.