State of New Jersey Common Pension Fund D Sells 469 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

State of New Jersey Common Pension Fund D reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,354 shares of the company’s stock after selling 469 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Charter Communications were worth $11,776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHTR. Sierra Ocean LLC acquired a new stake in Charter Communications in the fourth quarter valued at approximately $32,000. Allworth Financial LP boosted its position in shares of Charter Communications by 16.4% in the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after purchasing an additional 36 shares in the last quarter. Principal Securities Inc. grew its stake in Charter Communications by 29.1% during the 4th quarter. Principal Securities Inc. now owns 492 shares of the company’s stock worth $169,000 after buying an additional 111 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Charter Communications by 4.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,126 shares of the company’s stock valued at $386,000 after buying an additional 47 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Charter Communications by 5.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 37,014 shares of the company’s stock valued at $12,905,000 after buying an additional 1,839 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and raised their target price for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Finally, Benchmark reiterated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Down 0.1 %

CHTR stock opened at $360.27 on Tuesday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The firm’s fifty day moving average is $354.19 and its 200 day moving average is $353.74. The firm has a market cap of $51.23 billion, a PE ratio of 10.31, a P/E/G ratio of 0.43 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating 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 period last year, the firm posted $7.07 earnings per share. On average, research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications 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.