Charter Communications, Inc. (NASDAQ:CHTR) Stock Holdings Lessened by South Dakota Investment Council

South Dakota Investment Council trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares during the last quarter. Fernbridge Capital Management LP acquired a new position in Charter Communications in the third quarter worth approximately $48,200,000. Franklin Resources Inc. increased its holdings in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Empirical Asset Management LLC acquired a new position in Charter Communications in the fourth quarter worth approximately $21,338,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Charter Communications in the third quarter worth approximately $17,788,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of CHTR stock opened at $361.04 on Friday. The stock has a 50-day moving average price of $352.53 and a 200 day moving average price of $353.62. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market cap of $51.34 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping 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 business earned $7.07 earnings per share. Research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Benchmark restated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Pivotal Research increased their price target on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays increased their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. 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. According to data from MarketBeat, 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.