Charter Communications, Inc. $CHTR Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 87.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,090 shares of the company’s stock after purchasing an additional 134,392 shares during the period. California Public Employees Retirement System owned about 0.22% of Charter Communications worth $79,255,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Webster Bank N. A. purchased a new position in shares of Charter Communications during the 3rd quarter worth $28,000. Heritage Wealth Advisors acquired a new stake in shares of Charter Communications during the second quarter worth $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Charter Communications in the third quarter valued at $30,000. Geneos Wealth Management Inc. increased its stake in Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Charter Communications in the third quarter valued at $38,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Down 0.2%

NASDAQ:CHTR opened at $217.65 on Tuesday. The business’s 50-day moving average is $216.80 and its two-hundred day moving average is $227.98. The firm has a market capitalization of $27.56 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.02. Charter Communications, Inc. has a 12 month low of $180.38 and a 12 month high of $437.06. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wells Fargo & Company raised their price target on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. UBS Group set a $425.00 price objective on shares of Charter Communications in a report on Thursday, January 29th. The Goldman Sachs Group decreased their target price on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Finally, Benchmark boosted their target price on shares of Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $335.11.

Charter Communications 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.