South Dakota Investment Council Has $13.27 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

South Dakota Investment Council reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,138 shares of the company’s stock after selling 1,050 shares during the quarter. South Dakota Investment Council’s holdings in Charter Communications were worth $13,269,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CHTR. Parnassus Investments LLC bought a new stake in shares of Charter Communications during the 3rd quarter worth $508,684,000. Pzena Investment Management LLC lifted its position in shares of Charter Communications by 21.0% during the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the last quarter. Allen Investment Management LLC lifted its position in shares of Charter Communications by 25.4% during the 3rd quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock worth $384,277,000 after buying an additional 177,224 shares during the last quarter. Morgan Stanley lifted its position in shares of Charter Communications by 15.8% during the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after buying an additional 161,830 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its position in shares of Charter Communications by 671.5% during the 3rd quarter. Quadrature Capital Ltd now owns 140,296 shares of the company’s stock worth $61,755,000 after buying an additional 122,110 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Charter Communications stock traded up $1.23 during mid-day trading on Tuesday, reaching $266.31. 966,880 shares of the company’s stock were exchanged, compared to its average volume of 1,583,933. The business’s fifty day simple moving average is $283.08 and its 200 day simple moving average is $350.67. The firm has a market capitalization of $38.68 billion, a PE ratio of 8.87, a P/E/G ratio of 0.46 and a beta of 0.96. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.69 earnings per share. On average, sell-side analysts expect that Charter Communications, Inc. will post 32.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several research reports. Pivotal Research dropped their target price on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Monday, February 5th. UBS Group dropped their target price on Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Benchmark dropped their target price on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Wells Fargo & Company dropped their target price on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Finally, Bank of America lowered their price objective on Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus price target of $380.80.

Charter Communications 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.