Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 570 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,560 shares of the company’s stock after selling 570 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Charter Communications were worth $7,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC lifted its holdings in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Charter Communications in the fourth quarter worth about $32,000. Generali Asset Management SPA SGR bought a new position in shares of Charter Communications in the fourth quarter worth about $36,000. Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications in the fourth quarter worth about $45,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Charter Communications in the fourth quarter worth about $55,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $363.81 on Friday. The company has a market cap of $51.73 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. 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 50 day moving average of $356.74 and a 200-day moving average of $355.00.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the business posted $7.07 earnings per share. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CHTR shares. Citigroup started coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 target price for the company. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Benchmark reiterated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Barclays raised their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Finally, BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $389.39.

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.