Charter Communications, Inc. $CHTR Shares Bought by South Dakota Investment Council

South Dakota Investment Council raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 26.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,463 shares of the company’s stock after purchasing an additional 12,742 shares during the quarter. South Dakota Investment Council’s holdings in Charter Communications were worth $16,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CHTR. Atlantic Union Bankshares Corp purchased a new position in Charter Communications during the second quarter valued at approximately $25,000. Webster Bank N. A. purchased a new position in shares of Charter Communications during the 3rd quarter valued at approximately $28,000. Heritage Wealth Advisors acquired a new position in shares of Charter Communications in the 2nd quarter valued at $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Charter Communications in the 3rd quarter valued at $30,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group set a $425.00 price objective on shares of Charter Communications in a research report on Thursday, January 29th. New Street Research cut their price objective on Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Barclays lowered their target price on Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a report on Monday, November 3rd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a research note on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus target price of $335.11.

Charter Communications Stock Down 0.8%

Charter Communications stock opened at $232.80 on Tuesday. The stock’s fifty day simple moving average is $213.66 and its 200-day simple moving average is $231.12. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications, Inc. has a twelve month low of $180.38 and a twelve month high of $437.06. The firm has a market capitalization of $29.48 billion, a P/E ratio of 6.42, a P/E/G ratio of 0.37 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing the consensus estimate of $10.40 by ($0.06). The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $10.10 EPS. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

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.