Charter Communications, Inc. (NASDAQ:CHTR) Position Reduced by South Dakota Investment Council

South Dakota Investment Council trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.0% during the fourth quarter, HoldingsChannel reports. The fund owned 34,138 shares of the company’s stock after selling 1,050 shares during the quarter. South Dakota Investment Council’s holdings in Charter Communications were worth $13,269,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CHTR. Pzena Investment Management LLC lifted its position in shares of Charter Communications by 21.0% in the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the last quarter. Morgan Stanley lifted its position in shares of Charter Communications by 15.8% in the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after buying an additional 161,830 shares during the last quarter. Parnassus Investments LLC bought a new position in shares of Charter Communications in the 3rd quarter worth about $508,684,000. Northern Trust Corp lifted its position in Charter Communications by 2.2% in the 3rd quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock valued at $461,171,000 after purchasing an additional 22,494 shares during the last quarter. Finally, Allen Investment Management LLC lifted its position in Charter Communications by 25.4% in the 3rd quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock valued at $384,277,000 after purchasing an additional 177,224 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Up 0.5 %

CHTR traded up $1.23 on Tuesday, reaching $266.31. 966,880 shares of the company traded hands, compared to its average volume of 1,583,933. The stock’s 50 day moving average price is $283.08 and its 200-day moving average price is $350.67. Charter Communications, Inc. has a 52-week low of $254.31 and a 52-week high of $458.30. The company has a market cap of $38.68 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 0.46 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The business had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $7.69 earnings per share. On average, sell-side analysts expect that Charter Communications, Inc. will post 32.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the topic of several recent research reports. Benchmark cut their price objective on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, March 18th. Wells Fargo & Company dropped their target price on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Finally, Bank of America cut their price target on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average target price of $380.80.

Charter Communications Company 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.