Employees Retirement System of Texas increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 15.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,500 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Charter Communications were worth $12,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CHTR. BlackRock Inc. increased its stake in shares of Charter Communications by 2,782.4% in the 1st quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock worth $3,997,603,000 after acquiring an additional 11,789,426 shares in the last quarter. FMR LLC increased its stake in shares of Charter Communications by 12.4% in the 1st quarter. FMR LLC now owns 10,546,100 shares of the company’s stock worth $3,451,949,000 after acquiring an additional 1,165,353 shares in the last quarter. Allen Investment Management LLC bought a new position in shares of Charter Communications in the 2nd quarter worth about $127,850,000. Vanguard Group Inc. increased its stake in shares of Charter Communications by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 13,492,605 shares of the company’s stock worth $4,416,400,000 after acquiring an additional 341,513 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Charter Communications by 10.1% in the 2nd quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock worth $1,222,283,000 after acquiring an additional 331,597 shares in the last quarter. Institutional investors own 74.09% of the company’s stock.

Several research analysts recently issued reports on CHTR shares. Morgan Stanley increased their price target on shares of Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Telsey Advisory Group lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $450.00 to $340.00 in a research note on Tuesday, September 5th. BidaskClub lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Wells Fargo & Company reiterated a “market perform” rating and issued a $372.00 price target (up from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. Twelve analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $379.19.

In other news, EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the transaction, the executive vice president now owns 18,025 shares in the company, valued at $7,191,975. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

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Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded up 0.68% during mid-day trading on Friday, hitting $363.42. 1,317,440 shares of the stock were exchanged. The stock’s 50 day moving average is $389.33 and its 200-day moving average is $348.25. Charter Communications, Inc. has a 12 month low of $241.50 and a 12 month high of $408.83. The stock has a market cap of $93.72 billion, a PE ratio of 104.10 and a beta of 1.10.

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

Charter Communications Company Profile

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.

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

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