Charter Communications, Inc. $CHTR Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.0% in the third quarter, Holdings Channel.com reports. The fund owned 75,450 shares of the company’s stock after selling 3,978 shares during the quarter. New York State Teachers Retirement System’s holdings in Charter Communications were worth $20,757,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cooper Financial Group lifted its holdings in shares of Charter Communications by 2.3% during the second quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock valued at $515,000 after purchasing an additional 28 shares during the last quarter. Diversified Trust Co lifted its stake in Charter Communications by 3.5% during the second quarter. Diversified Trust Co now owns 880 shares of the company’s stock valued at $360,000 after buying an additional 30 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Charter Communications by 0.8% in the second quarter. Perigon Wealth Management LLC now owns 3,924 shares of the company’s stock worth $1,604,000 after buying an additional 33 shares during the period. V Square Quantitative Management LLC increased its position in shares of Charter Communications by 1.6% in the second quarter. V Square Quantitative Management LLC now owns 2,347 shares of the company’s stock worth $959,000 after acquiring an additional 37 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Charter Communications by 3.8% during the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after acquiring an additional 38 shares during the period. 81.76% of the stock is owned by institutional investors.

Insider Activity at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the transaction, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This trade represents a 10.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.83% of the company’s stock.

Charter Communications Stock Down 1.9%

CHTR stock opened at $206.67 on Tuesday. The firm has a market cap of $26.75 billion, a PE ratio of 5.73, a PEG ratio of 0.57 and a beta of 1.06. Charter Communications, Inc. has a 1 year low of $193.00 and a 1 year high of $437.06. The company has a fifty day simple moving average of $206.69 and a 200 day simple moving average of $262.72. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.89.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The company had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter last year, the business earned $8.82 earnings per share. Charter Communications’s quarterly revenue was down .7% on a year-over-year basis. Sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Benchmark decreased their price objective on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company decreased their target price on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. KeyCorp reiterated a “sector weight” rating on shares of Charter Communications in a report on Monday, November 3rd. Citigroup reduced their price objective on Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $321.13.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.