Public Employees Retirement System of Ohio Sells 3,757 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Public Employees Retirement System of Ohio decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,973 shares of the company’s stock after selling 3,757 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Charter Communications were worth $15,105,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Charter Communications during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Charter Communications in the fourth quarter valued at about $44,000. Cullen Frost Bankers Inc. grew its position in Charter Communications by 769.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after acquiring an additional 100 shares during the last quarter. Bourgeon Capital Management LLC raised its stake in Charter Communications by 219.5% during the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock worth $51,000 after acquiring an additional 90 shares in the last quarter. Finally, Riverview Trust Co bought a new position in shares of Charter Communications in the first quarter worth about $40,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CHTR. The Goldman Sachs Group started coverage on shares of Charter Communications in a research report on Monday, July 1st. They set a “sell” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday. Citigroup downgraded Charter Communications from a “neutral” rating to a “sell” rating and dropped their target price for the company from $280.00 to $255.00 in a research report on Wednesday, July 3rd. Pivotal Research boosted their price target on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Monday. Finally, Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $367.75.

Charter Communications Stock Up 0.0 %

NASDAQ:CHTR traded up $0.14 during trading hours on Tuesday, hitting $377.50. 96,888 shares of the company traded hands, compared to its average volume of 1,467,868. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The firm’s 50-day simple moving average is $294.95 and its 200-day simple moving average is $295.20. The company has a market cap of $54.37 billion, a PE ratio of 12.20, a PEG ratio of 1.64 and a beta of 1.04. The company has a quick ratio of 0.40, a current ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same period last year, the business posted $8.05 earnings per share. Charter Communications’s revenue was up .2% on a year-over-year basis. Equities analysts predict that Charter Communications, Inc. will post 30.5 earnings per share 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.