Teacher Retirement System of Texas Lowers Stock Holdings in Charter Communications, Inc. $CHTR

Teacher Retirement System of Texas cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 9.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,180 shares of the company’s stock after selling 1,621 shares during the quarter. Teacher Retirement System of Texas’ holdings in Charter Communications were worth $6,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV grew its position in Charter Communications by 4.9% in the 1st quarter. KBC Group NV now owns 14,382 shares of the company’s stock valued at $5,300,000 after acquiring an additional 668 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Charter Communications by 25.2% in the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company’s stock valued at $608,000 after purchasing an additional 332 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Charter Communications by 1.4% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,377 shares of the company’s stock valued at $4,930,000 after purchasing an additional 187 shares during the period. Private Trust Co. NA grew its holdings in shares of Charter Communications by 69.5% in the first quarter. Private Trust Co. NA now owns 161 shares of the company’s stock valued at $59,000 after purchasing an additional 66 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Charter Communications by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 112,847 shares of the company’s stock worth $41,588,000 after buying an additional 2,825 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent research reports. Royal Bank Of Canada decreased their price target on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating for the company in a research report on Monday, October 6th. The Goldman Sachs Group started coverage on Charter Communications in a research report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price objective for the company. UBS Group reduced their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Bank of America reduced 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. Finally, Sanford C. Bernstein lowered their target price on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, September 10th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus target price of $373.71.

Charter Communications Stock Down 4.4%

Charter Communications stock opened at $230.92 on Friday. The company has a market capitalization of $31.54 billion, a P/E ratio of 6.32, a PEG ratio of 0.55 and a beta of 1.05. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications, Inc. has a fifty-two week low of $224.28 and a fifty-two week high of $437.06. The stock has a 50-day simple moving average of $262.74 and a 200-day simple moving average of $329.37.

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.