Illinois Municipal Retirement Fund Has $955,000 Stock Position in Charter Communications, Inc. $CHTR

Illinois Municipal Retirement Fund decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 46.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,471 shares of the company’s stock after selling 2,955 shares during the period. Illinois Municipal Retirement Fund’s holdings in Charter Communications were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC grew its position in shares of Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after buying an additional 38 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Charter Communications by 20.7% in the second quarter. Parkside Financial Bank & Trust now owns 227 shares of the company’s stock valued at $93,000 after buying an additional 39 shares in the last quarter. Occudo Quantitative Strategies LP lifted its stake in shares of Charter Communications by 1.4% in the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after buying an additional 41 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after buying an additional 41 shares during the last quarter. Finally, Brookstone Capital Management increased its position in shares of Charter Communications by 6.5% during the second quarter. Brookstone Capital Management now owns 686 shares of the company’s stock worth $280,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 0.9%

Shares of Charter Communications stock opened at $239.14 on Thursday. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $30.28 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.37 and a beta of 1.05. Charter Communications, Inc. has a 52-week low of $180.38 and a 52-week high of $437.06. The stock’s 50-day simple moving average is $210.14 and its 200 day simple moving average is $233.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing the consensus estimate of $10.40 by ($0.06). The business had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business posted $10.10 earnings per share. As a group, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CHTR. Benchmark raised their target price on Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Sanford C. Bernstein set a $220.00 target price on shares of Charter Communications in a report on Wednesday, January 28th. Citigroup cut their price target on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Williams Trading set a $437.00 price objective on shares of Charter Communications in a research report on Monday, February 2nd. Finally, Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $335.67.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.