New York State Teachers Retirement System Lowers Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

New York State Teachers Retirement System lessened its position in Charter Communications, Inc. (NASDAQ:CHTR) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,848 shares of the company’s stock after selling 6,060 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of Charter Communications worth $29,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Chemistry Wealth Management LLC increased its position in shares of Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after acquiring an additional 30 shares during the period. US Bancorp DE raised its position in Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after purchasing an additional 31 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after buying an additional 35 shares during the period. Brooklyn Investment Group grew its position in shares of Charter Communications by 5.8% during the fourth quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock worth $230,000 after buying an additional 37 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

NASDAQ CHTR opened at $360.27 on Friday. The firm has a market cap of $51.23 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The business’s 50-day moving average price is $354.19 and its 200 day moving average price is $354.12. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the company earned $7.07 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on CHTR shares. Royal Bank of Canada boosted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Morgan Stanley boosted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Barclays raised their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $384.42.

About Charter Communications

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.