Kentucky Retirement Systems Has $2.21 Million Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Kentucky Retirement Systems decreased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,380 shares of the company’s stock after selling 120 shares during the quarter. Kentucky Retirement Systems’ holdings in Charter Communications were worth $2,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. increased its stake in Charter Communications by 50.8% in the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after purchasing an additional 3,080 shares in the last quarter. Sands Capital Management LLC grew its stake in shares of Charter Communications by 5.7% in the 4th quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after buying an additional 17,112 shares during the period. AustralianSuper Pty Ltd bought a new stake in Charter Communications in the 2nd quarter valued at about $7,171,000. Oakcliff Capital Partners LP raised its stake in Charter Communications by 8.2% during the 4th quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock worth $14,954,000 after buying an additional 2,900 shares during the period. Finally, FORA Capital LLC boosted its holdings in Charter Communications by 45.8% in the first quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock worth $6,029,000 after acquiring an additional 6,519 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CHTR shares. TD Cowen boosted their price objective on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 29th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a research note on Wednesday, September 11th. Wolfe Research downgraded shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Royal Bank of Canada assumed coverage on shares of Charter Communications in a report on Thursday. They issued a “sector perform” rating and a $345.00 target price on the stock. Finally, Morgan Stanley lifted their price target on Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $359.94.

Charter Communications Trading Down 0.3 %

Shares of Charter Communications stock opened at $330.40 on Friday. The firm has a market cap of $47.59 billion, a PE ratio of 10.69, a P/E/G ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a fifty day moving average price of $344.81 and a 200-day moving average price of $302.16.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. During the same quarter in the previous year, the firm posted $8.05 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts anticipate that Charter Communications, Inc. will post 32.52 EPS for the current year.

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.