New York State Common Retirement Fund Sells 3,000 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

New York State Common Retirement Fund reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Reston Wealth Management LLC bought a new position in shares of Charter Communications during the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications during the 3rd quarter valued at approximately $28,000. Avior Wealth Management LLC boosted its position 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 acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $32,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $45,000. 81.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHTR has been the subject of a number of analyst reports. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target for the company in a research report on Tuesday, November 26th. Pivotal Research raised 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 raised 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 raised 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, Wells Fargo & Company raised their price target on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $384.42.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $361.04 on Friday. The firm has a market cap of $51.34 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.44 and a beta of 1.11. 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, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The stock's fifty day moving average price is $352.53 and its 200-day moving average price is $353.62.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate 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 last year, the company earned $7.07 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.

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