Charter Communications, Inc. $CHTR Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,300 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Charter Communications were worth $6,255,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Charter Communications by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company’s stock worth $3,018,909,000 after purchasing an additional 120,303 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Charter Communications by 53.6% during the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after purchasing an additional 806,145 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Charter Communications by 7.0% during the 1st quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock worth $676,181,000 after purchasing an additional 120,624 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Charter Communications by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company’s stock worth $472,941,000 after acquiring an additional 19,594 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Charter Communications by 22.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock worth $405,118,000 after acquiring an additional 198,444 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Balan Nair acquired 360 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the purchase, the director directly owned 9,622 shares of the company’s stock, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the transaction, the chief executive officer directly owned 70,243 shares of the company’s stock, valued at approximately $19,183,363.30. This represents a 5.51% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.83% of the company’s stock.

Charter Communications Trading Down 0.8%

NASDAQ CHTR opened at $274.37 on Thursday. Charter Communications, Inc. has a one year low of $251.80 and a one year high of $437.06. The company’s 50 day moving average price is $266.80 and its 200 day moving average price is $341.01. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $37.48 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 0.62 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). The business had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.49 EPS. On average, sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

CHTR has been the topic of several recent analyst reports. KeyCorp cut their price objective on shares of Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Barclays cut their price objective on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating on the stock in a report on Monday, July 28th. Bank of America cut their price objective on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Sanford C. Bernstein cut their price objective on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, September 10th. Finally, Royal Bank Of Canada cut their price objective on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating on the stock in a report on Monday. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $373.71.

Charter Communications Profile

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.