New Mexico Educational Retirement Board lowered its stake in Charter Communications Inc (NASDAQ:CHTR) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,700 shares of the company’s stock after selling 500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Charter Communications were worth $5,100,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. We Are One Seven LLC bought a new position in Charter Communications in the 4th quarter worth about $26,000. Massey Quick Simon & CO. LLC bought a new position in Charter Communications in the 4th quarter worth about $29,000. Whitener Capital Management Inc. bought a new position in Charter Communications in the 4th quarter worth about $29,000. Hanson McClain Inc. boosted its stake in Charter Communications by 157.8% in the 4th quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, Cornerstone Advisors Inc. boosted its stake in Charter Communications by 55.7% in the 3rd quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock worth $40,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 74.90% of the company’s stock.
NASDAQ:CHTR opened at $358.05 on Wednesday. The company has a market capitalization of $80.69 billion, a P/E ratio of 68.59, a PEG ratio of 1.25 and a beta of 1.40. Charter Communications Inc has a 1-year low of $250.10 and a 1-year high of $368.02. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.57.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, January 31st. The company reported $1.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.20). The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $11.15 billion. Charter Communications had a return on equity of 2.70% and a net margin of 2.82%. On average, equities analysts forecast that Charter Communications Inc will post 7.54 EPS for the current fiscal year.
Several research analysts have commented on the company. Royal Bank of Canada downgraded Charter Communications from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $400.00 to $375.00 in a research note on Friday, March 29th. Macquarie downgraded Charter Communications from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 9th. They noted that the move was a valuation call. BidaskClub downgraded Charter Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 27th. Zacks Investment Research upgraded Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 price target for the company in a research report on Tuesday, February 26th. Finally, TD Securities lifted their price target on Charter Communications from $385.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, February 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Charter Communications has an average rating of “Buy” and a consensus price target of $359.18.
In related news, EVP Richard R. Dykhouse sold 2,019 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $348.83, for a total value of $704,287.77. Following the completion of the sale, the executive vice president now owns 9,880 shares in the company, valued at approximately $3,446,440.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Bickham sold 14,017 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $340.86, for a total value of $4,777,834.62. The disclosure for this sale can be found here. Insiders sold a total of 57,233 shares of company stock valued at $19,544,909 in the last 90 days. 0.84% of the stock is currently owned by corporate insiders.
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Charter Communications Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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