Texas Permanent School Fund Corp Sells 355 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Texas Permanent School Fund Corp trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,259 shares of the company’s stock after selling 355 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Charter Communications were worth $5,888,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital International Investors lifted its holdings in Charter Communications by 6.6% during the 4th quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock valued at $2,671,608,000 after buying an additional 427,922 shares in the last quarter. Pzena Investment Management LLC raised its position in Charter Communications by 96.5% during the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock valued at $827,848,000 after purchasing an additional 1,399,034 shares in the last quarter. Parnassus Investments LLC lifted its holdings in shares of Charter Communications by 40.1% in the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after buying an additional 463,968 shares during the period. Putnam Investments LLC grew its position in shares of Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after buying an additional 242,448 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Charter Communications during the fourth quarter valued at $310,727,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CHTR. JPMorgan Chase & Co. cut their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target on the stock in a report on Monday, March 18th. Pivotal Research decreased their price objective on Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Loop Capital reduced their target price on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a report on Monday, April 29th. Finally, Barclays lowered their price target on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $341.47.

Charter Communications Price Performance

NASDAQ CHTR traded up $0.04 during trading hours on Friday, reaching $304.18. The company’s stock had a trading volume of 96,158 shares, compared to its average volume of 1,429,818. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The company’s 50-day moving average is $281.48 and its two-hundred day moving average is $300.83. The firm has a market capitalization of $43.81 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 1.27 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The company had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. Charter Communications’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $6.65 EPS. On average, equities analysts predict that Charter Communications, Inc. will post 32.16 EPS for the current year.

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.