Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 6,670 shares of the company’s stock after selling 92 shares during the period. Kentucky Retirement Systems’ holdings in Charter Communications were worth $2,286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CHTR. Chemistry Wealth Management LLC lifted its position in Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after acquiring an additional 30 shares during the period. US Bancorp DE lifted its position in Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after acquiring an additional 31 shares during the period. Capital Advisors Ltd. LLC lifted its position in Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after acquiring an additional 35 shares during the period. Allworth Financial LP lifted its position in Charter Communications by 16.4% during the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after acquiring an additional 36 shares during the period. Finally, Brooklyn Investment Group lifted its position in Charter Communications by 5.8% during the 4th quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock worth $230,000 after acquiring an additional 37 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

NASDAQ CHTR opened at $361.04 on Friday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a market capitalization of $51.34 billion, a P/E ratio of 10.33, a PEG ratio of 0.44 and a beta of 1.11. The business has a 50 day moving average price of $352.53 and a 200 day moving average price of $353.62. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the business earned $7.07 earnings per share. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CHTR. Morgan Stanley increased their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Benchmark reissued a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Finally, BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $384.42.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.