Strs Ohio Sells 30,107 Shares of Charter Communications, Inc. $CHTR

Strs Ohio trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 57.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,003 shares of the company’s stock after selling 30,107 shares during the period. Strs Ohio’s holdings in Charter Communications were worth $4,593,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. State Street Corp grew its position in Charter Communications by 22.7% during the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after buying an additional 1,475,383 shares in the last quarter. Capital Research Global Investors acquired a new position in Charter Communications in the 3rd quarter valued at $327,179,000. Vanguard Group Inc. lifted its position in shares of Charter Communications by 13.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock valued at $2,575,630,000 after acquiring an additional 1,130,648 shares during the period. AQR Capital Management LLC lifted its position in shares of Charter Communications by 826.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,244,034 shares of the company’s stock valued at $342,240,000 after acquiring an additional 1,109,703 shares during the period. Finally, Dodge & Cox grew its holdings in shares of Charter Communications by 6.1% during the 3rd quarter. Dodge & Cox now owns 11,807,549 shares of the company’s stock worth $3,248,316,000 after purchasing an additional 681,063 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHTR has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Royal Bank Of Canada reduced their target price on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Williams Trading set a $437.00 price objective on Charter Communications in a research report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, Charter Communications has an average rating of “Hold” and an average price target of $315.67.

Insiders Place Their Bets

In other Charter Communications news, Director Balan Nair bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was bought at an average cost of $175.46 per share, with a total value of $175,460.00. Following the completion of the transaction, the director directly owned 12,029 shares in the company, valued at approximately $2,110,608.34. The trade was a 9.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christopher L. Winfrey bought 3,468 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the acquisition, the chief executive officer directly owned 74,409 shares in the company, valued at $12,815,462.07. The trade was a 4.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 10,196 shares of company stock worth $1,767,822. Insiders own 1.10% of the company’s stock.

Charter Communications Stock Down 4.3%

Shares of NASDAQ:CHTR opened at $158.23 on Wednesday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a 52-week low of $157.26 and a 52-week high of $437.06. The business’s 50 day simple moving average is $217.70 and its two-hundred day simple moving average is $215.23. The firm has a market cap of $19.46 billion, a P/E ratio of 4.27, a PEG ratio of 0.28 and a beta of 0.76.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. During the same quarter in the prior year, the firm earned $8.42 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. As a group, research analysts forecast that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Charter Communications Company Profile

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.