Ontario Teachers Pension Plan Board Sells 2,389 Shares of Charter Communications, Inc. $CHTR

Ontario Teachers Pension Plan Board lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 35.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,295 shares of the company’s stock after selling 2,389 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Charter Communications were worth $1,182,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CHTR. Norges Bank bought a new position in Charter Communications in the second quarter valued at about $1,145,387,000. Vanguard Group Inc. grew its holdings in shares of Charter Communications by 13.7% during the third quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock worth $2,575,630,000 after purchasing an additional 1,130,648 shares during the last quarter. Lind Value II ApS bought a new position in Charter Communications in the 3rd quarter valued at approximately $60,646,000. Arrowstreet Capital Limited Partnership grew its holdings in Charter Communications by 15.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company’s stock worth $644,210,000 after acquiring an additional 209,869 shares during the last quarter. Finally, State Street Corp increased its position in Charter Communications by 3.2% in the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company’s stock valued at $2,651,669,000 after acquiring an additional 198,979 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. UBS Group set a $425.00 price objective on Charter Communications in a research report on Thursday, January 29th. Benchmark upped their target price on Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wells Fargo & Company raised their price target on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd. Finally, BNP Paribas Exane set a $160.00 price target on shares of Charter Communications in a research report on Tuesday, January 27th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus target price of $335.67.

Charter Communications Price Performance

Shares of CHTR opened at $231.54 on Friday. The firm has a market cap of $29.32 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.38 and a beta of 1.05. Charter Communications, Inc. has a 52-week low of $180.38 and a 52-week high of $437.06. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The business’s 50 day moving average price is $210.53 and its two-hundred day moving average price is $233.10.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.10 EPS. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

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.