Arizona State Retirement System lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 62,400 shares of the company’s stock after selling 1,000 shares during the period. Arizona State Retirement System’s holdings in Charter Communications were worth $21,019,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CHTR. Retirement Systems of Alabama raised its stake in shares of Charter Communications by 6.1% in the first quarter. Retirement Systems of Alabama now owns 185,684 shares of the company’s stock worth $60,778,000 after buying an additional 10,753 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Charter Communications during the first quarter worth $500,000. Nisa Investment Advisors LLC raised its stake in shares of Charter Communications by 3.2% in the first quarter. Nisa Investment Advisors LLC now owns 50,757 shares of the company’s stock worth $16,613,000 after buying an additional 1,554 shares during the period. Barometer Capital Management Inc. purchased a new stake in shares of Charter Communications during the first quarter worth $1,080,000. Finally, DnB Asset Management AS raised its stake in shares of Charter Communications by 5.9% in the first quarter. DnB Asset Management AS now owns 26,845 shares of the company’s stock worth $8,787,000 after buying an additional 1,500 shares during the period. 77.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications, Inc. (CHTR) opened at 398.68 on Friday. The stock has a market capitalization of $102.81 billion, a P/E ratio of 114.20 and a beta of 1.09. Charter Communications, Inc. has a 52 week low of $241.50 and a 52 week high of $408.83. The company’s 50-day moving average price is $353.80 and its 200 day moving average price is $335.16.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.29. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. Equities research analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.

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A number of brokerages have weighed in on CHTR. BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Telsey Advisory Group raised Charter Communications from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $340.00 to $450.00 in a research report on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating and set a $410.00 target price (up from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. HSBC Holdings plc reaffirmed a “hold” rating and set a $360.00 target price (up from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. Finally, Barclays PLC set a $354.00 target price on Charter Communications and gave the company an “equal weight” rating in a research report on Wednesday, August 2nd. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $361.46.

About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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