Public Employees Retirement System of Ohio Cuts Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Public Employees Retirement System of Ohio lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,116 shares of the company’s stock after selling 1,724 shares during the period. Public Employees Retirement System of Ohio’s holdings in Charter Communications were worth $13,325,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. First Eagle Investment Management LLC grew its position in Charter Communications by 172,425.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after purchasing an additional 348,299 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Charter Communications by 12,597.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after buying an additional 247,789 shares during the last quarter. FMR LLC grew its holdings in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after acquiring an additional 175,130 shares during the last quarter. Finally, Fernbridge Capital Management LP bought a new stake in Charter Communications during the third quarter worth $48,200,000. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a research note on Wednesday, September 11th. Wells Fargo & Company increased their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Pivotal Research increased their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research note on Monday, September 30th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $378.00.

Charter Communications Trading Up 0.1 %

Shares of Charter Communications stock opened at $378.49 on Thursday. The company’s 50-day moving average price is $363.04 and its 200-day moving average price is $335.84. The company has a market cap of $53.82 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.64 and a beta of 1.08. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $8.25 EPS. On average, equities analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Charter Communications Company 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.