Public Employees Retirement System of Ohio Has $13.33 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Public Employees Retirement System of Ohio lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,116 shares of the company's stock after selling 1,724 shares during the period. Public Employees Retirement System of Ohio's holdings in Charter Communications were worth $13,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Worldquant Millennium Advisors LLC increased its holdings in shares of Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock valued at $12,993,000 after acquiring an additional 26,446 shares during the last quarter. Cornerstone Capital Inc. grew its holdings in Charter Communications by 40.7% during the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company's stock valued at $12,270,000 after purchasing an additional 10,950 shares during the last quarter. National Pension Service raised its position in shares of Charter Communications by 8.1% in the third quarter. National Pension Service now owns 172,013 shares of the company's stock valued at $55,746,000 after purchasing an additional 12,915 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Charter Communications in the third quarter worth $17,788,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock worth $267,267,000 after buying an additional 7,008 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Wells Fargo & Company raised their target price on Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Pivotal Research upped their price target on Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, Wolfe Research downgraded shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price objective on the stock. in a research note on Monday, September 30th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $384.42.

Charter Communications Price Performance

Shares of CHTR traded up $9.96 during mid-day trading on Thursday, reaching $388.45. The company had a trading volume of 804,743 shares, compared to its average volume of 1,369,786. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $55.24 billion, a P/E ratio of 12.06, a P/E/G ratio of 0.64 and a beta of 1.08. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company's 50-day moving average is $364.03 and its 200-day moving average is $336.14.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $13.66 billion. During the same period last year, the business earned $8.25 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. On average, equities analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current year.

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.