Louisiana State Employees Retirement System reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,700 shares of the company’s stock after selling 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Charter Communications were worth $3,931,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Caledonia Investments PLC bought a new stake in shares of Charter Communications in the fourth quarter valued at approximately $13,606,000. AustralianSuper Pty Ltd bought a new stake in shares of Charter Communications in the third quarter valued at approximately $18,135,000. Parametric Portfolio Associates LLC boosted its stake in shares of Charter Communications by 8.2% in the third quarter. Parametric Portfolio Associates LLC now owns 394,493 shares of the company’s stock valued at $143,367,000 after buying an additional 30,002 shares during the period. AXA boosted its stake in shares of Charter Communications by 3.1% in the third quarter. AXA now owns 40,969 shares of the company’s stock valued at $14,889,000 after buying an additional 1,242 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Charter Communications in the third quarter valued at approximately $180,000. Institutional investors and hedge funds own 72.15% of the company’s stock.
Several equities research analysts recently issued reports on the company. Barclays cut Charter Communications from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $267.01 to $283.00 in a research note on Monday, December 4th. Macquarie restated a “buy” rating and set a $430.00 target price on shares of Charter Communications in a research note on Tuesday, October 3rd. BidaskClub upgraded Charter Communications from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 27th. Pivotal Research restated a “buy” rating and set a $420.00 target price (up from $405.00) on shares of Charter Communications in a research note on Friday, October 27th. Finally, Moffett Nathanson restated a “neutral” rating on shares of Charter Communications in a research note on Monday, October 16th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. Charter Communications presently has a consensus rating of “Hold” and an average target price of $382.53.
Shares of Charter Communications, Inc. (NASDAQ CHTR) traded down $1.27 during trading hours on Tuesday, hitting $354.00. 644,600 shares of the stock traded hands, compared to its average volume of 1,531,033. The firm has a market capitalization of $88,010.00, a P/E ratio of 192.39, a PEG ratio of 2.62 and a beta of 1.06. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a 52 week low of $292.84 and a 52 week high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. sell-side analysts expect that Charter Communications, Inc. will post 2.22 earnings per share for the current fiscal year.
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Charter Communications Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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