California Public Employees Retirement System Increases Stock Position in Charter Communications, Inc. $CHTR

California Public Employees Retirement System boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 87.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,090 shares of the company’s stock after purchasing an additional 134,392 shares during the period. California Public Employees Retirement System’s holdings in Charter Communications were worth $79,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. Webster Bank N. A. acquired a new position in Charter Communications in the 3rd quarter worth $28,000. Heritage Wealth Advisors acquired a new stake in shares of Charter Communications during the second quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Charter Communications during the third quarter worth about $30,000. Geneos Wealth Management Inc. increased its position in shares of Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Charter Communications in the third quarter worth about $38,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $217.65 on Tuesday. The firm’s 50 day moving average is $216.80 and its two-hundred day moving average is $227.98. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06. The firm has a market capitalization of $27.56 billion, a P/E ratio of 6.00, a PEG ratio of 0.34 and a beta of 1.02. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65.

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Monday, December 29th. UBS Group set a $425.00 target price on Charter Communications in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $335.11.

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.