Teacher Retirement System of Texas grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1,339.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,412 shares of the company’s stock after purchasing an additional 30,161 shares during the period. Teacher Retirement System of Texas’ holdings in Charter Communications were worth $11,779,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank lifted its holdings in shares of Charter Communications by 155.5% during the 3rd quarter. Toronto Dominion Bank now owns 188,279 shares of the company’s stock worth $68,416,000 after acquiring an additional 114,586 shares during the period. CIBC Asset Management Inc grew its stake in shares of Charter Communications by 1.4% in the third quarter. CIBC Asset Management Inc now owns 30,366 shares of the company’s stock valued at $11,036,000 after acquiring an additional 425 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Charter Communications by 39.7% in the third quarter. Sei Investments Co. now owns 190,931 shares of the company’s stock worth $69,388,000 after acquiring an additional 54,295 shares during the last quarter. HL Financial Services LLC bought a new position in Charter Communications in the 3rd quarter valued at approximately $214,000. Finally, FDx Advisors Inc. increased its position in Charter Communications by 280.0% during the 3rd quarter. FDx Advisors Inc. now owns 3,238 shares of the company’s stock valued at $1,177,000 after purchasing an additional 2,386 shares during the period. Institutional investors and hedge funds own 76.36% of the company’s stock.
Several brokerages have weighed in on CHTR. Telsey Advisory Group downgraded Charter Communications from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $450.00 to $340.00 in a research report on Tuesday, September 5th. Zacks Investment Research upgraded Charter Communications from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Barclays PLC dropped their price target on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. Evercore ISI increased their target price on Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Finally, Royal Bank Of Canada upped their price target on Charter Communications from $356.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Thirteen research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Charter Communications has an average rating of “Buy” and an average price target of $378.12.
In related news, CFO Christopher L. Winfrey bought 3,100 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the acquisition, the chief financial officer now owns 49,916 shares in the company, valued at $16,153,316.76. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.
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Shares of Charter Communications, Inc. (NASDAQ CHTR) traded up $6.41 during mid-day trading on Friday, reaching $340.63. The company’s stock had a trading volume of 1,513,100 shares, compared to its average volume of 1,676,796. The company has a market capitalization of $83,090.44, a P/E ratio of 207.59, a P/E/G ratio of 5.19 and a beta of 1.09. Charter Communications, Inc. has a 12-month low of $260.00 and a 12-month high of $408.83. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. During the same period last year, the business earned $0.69 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts forecast that Charter Communications, Inc. will post 2.77 EPS for the current year.
About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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