South Dakota Investment Council Has $16.36 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

South Dakota Investment Council reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 47,721 shares of the company’s stock after selling 1,100 shares during the quarter. South Dakota Investment Council’s holdings in Charter Communications were worth $16,357,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CHTR. Creative Planning grew its position in shares of Charter Communications by 1.5% during the 3rd quarter. Creative Planning now owns 10,981 shares of the company’s stock worth $3,559,000 after buying an additional 161 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Charter Communications by 14.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,618 shares of the company’s stock valued at $848,000 after purchasing an additional 327 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Charter Communications by 10.6% during the 3rd quarter. Signaturefd LLC now owns 1,232 shares of the company’s stock valued at $399,000 after purchasing an additional 118 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Charter Communications by 6.2% during the 3rd quarter. Greenleaf Trust now owns 2,126 shares of the company’s stock valued at $689,000 after purchasing an additional 125 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Charter Communications by 36.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 983 shares of the company’s stock valued at $319,000 after purchasing an additional 264 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of CHTR stock opened at $361.04 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a market cap of $51.34 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.44 and a beta of 1.11. The business has a fifty day simple moving average of $352.53 and a 200 day simple moving average of $353.62.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the company posted $7.07 earnings per share. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the topic of several recent analyst reports. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the company from $385.00 to $450.00 in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research note on Thursday, December 12th. Finally, Benchmark reiterated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.