State Board of Administration of Florida Retirement System trimmed its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 245,565 shares of the company’s stock after selling 4,320 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.11% of Charter Communications worth $80,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC lifted its holdings in shares of Charter Communications by 254.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock valued at $101,000 after buying an additional 247 shares during the period. Vigilant Capital Management LLC bought a new position in Charter Communications in the 3rd quarter worth $106,000. Kaizen Advisory LLC raised its holdings in Charter Communications by 122.7% in the 2nd quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock worth $127,000 after purchasing an additional 238 shares during the period. Flagship Harbor Advisors LLC bought a new position in Charter Communications in the 2nd quarter worth $129,000. Finally, Sun Life Financial INC raised its holdings in Charter Communications by 89.8% in the 2nd quarter. Sun Life Financial INC now owns 501 shares of the company’s stock worth $147,000 after purchasing an additional 237 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CHTR stock opened at $324.58 on Friday. Charter Communications Inc has a 52-week low of $250.10 and a 52-week high of $396.64. The company has a quick ratio of 0.20, a current ratio of 0.23 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $73.32 billion, a price-to-earnings ratio of 122.48, a price-to-earnings-growth ratio of 1.72 and a beta of 1.20.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 26th. The company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $1.06. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The business had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same quarter in the prior year, the business posted $0.19 EPS. Charter Communications’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts expect that Charter Communications Inc will post 5.11 EPS for the current year.
A number of equities analysts recently commented on CHTR shares. ValuEngine raised Charter Communications from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Zacks Investment Research cut Charter Communications from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Credit Suisse Group started coverage on Charter Communications in a report on Tuesday, July 10th. They issued a “neutral” rating and a $294.00 target price on the stock. BidaskClub cut Charter Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, July 21st. Finally, Pivotal Research raised their target price on Charter Communications from $375.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $360.13.
Charter Communications Company Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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