Arizona State Retirement System Increases Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Arizona State Retirement System grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,101 shares of the company’s stock after buying an additional 747 shares during the period. Arizona State Retirement System’s holdings in Charter Communications were worth $9,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Kathmere Capital Management LLC lifted its holdings in Charter Communications by 3.8% during the 1st quarter. Kathmere Capital Management LLC now owns 876 shares of the company’s stock worth $323,000 after buying an additional 32 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Charter Communications by 9.3% during the 1st quarter. Ballentine Partners LLC now owns 1,282 shares of the company’s stock worth $472,000 after buying an additional 109 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in Charter Communications by 51.6% during the 1st quarter. Cromwell Holdings LLC now owns 282 shares of the company’s stock worth $104,000 after buying an additional 96 shares during the last quarter. Xponance Inc. increased its position in shares of Charter Communications by 1.0% during the first quarter. Xponance Inc. now owns 13,535 shares of the company’s stock worth $4,988,000 after purchasing an additional 138 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Charter Communications by 10.5% during the first quarter. Allworth Financial LP now owns 283 shares of the company’s stock worth $104,000 after purchasing an additional 27 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on CHTR shares. Arete Research upgraded Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. Wolfe Research upgraded Charter Communications from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 20th. Sanford C. Bernstein cut Charter Communications from an “outperform” rating to a “market perform” rating and set a $410.00 target price on the stock. in a research report on Monday, June 2nd. Wall Street Zen upgraded Charter Communications from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Finally, Bank of America lifted their target price on Charter Communications from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, July 1st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $421.26.

Charter Communications Stock Performance

NASDAQ CHTR opened at $392.20 on Monday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. The business’s 50 day moving average is $401.73 and its two-hundred day moving average is $371.33. Charter Communications, Inc. has a 12-month low of $304.76 and a 12-month high of $437.06. The stock has a market capitalization of $55.05 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.43 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.55 EPS. Research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.