National Pension Service Decreases Stock Position in Charter Communications, Inc. $CHTR

National Pension Service lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.3% in the 2nd quarter, Holdings Channel reports. The firm owned 154,912 shares of the company’s stock after selling 8,653 shares during the period. National Pension Service’s holdings in Charter Communications were worth $22,030,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Charter Communications in the first quarter worth about $25,000. Quarry LP boosted its stake in Charter Communications by 153.2% during the fourth quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in Charter Communications during the 4th quarter valued at approximately $25,000. DV Equities LLC purchased a new position in Charter Communications during the 4th quarter valued at approximately $25,000. Finally, Trust Co. of Vermont bought a new stake in Charter Communications in the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CHTR. Barclays lowered their target price on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research report on Monday, July 27th. Freedom Capital raised shares of Charter Communications to a “hold” rating in a research note on Friday, June 12th. Royal Bank Of Canada lowered their price objective on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating for the company in a research report on Monday, July 27th. New Street Research dropped their price objective on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Citigroup reduced their target price on shares of Charter Communications from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $226.88.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $145.77 on Friday. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 3.79, a price-to-earnings-growth ratio of 0.31 and a beta of 0.69. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a 50 day moving average price of $143.65 and a 200-day moving average price of $168.56. Charter Communications, Inc. has a one year low of $111.55 and a one year high of $285.82.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, beating the consensus estimate of $9.98 by $0.68. The company had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.Charter Communications’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.18 EPS. Equities analysts expect that Charter Communications, Inc. will post 42.72 EPS for the current year.

Charter Communications Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.