Louisiana State Employees Retirement System Decreases Position in Charter Communications, Inc. (NASDAQ:CHTR)

Louisiana State Employees Retirement System reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,600 shares of the company’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Charter Communications were worth $5,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carnegie Lake Advisors LLC acquired a new stake in Charter Communications in the 4th quarter valued at about $206,000. Summit Trail Advisors LLC increased its stake in shares of Charter Communications by 14.5% during the fourth quarter. Summit Trail Advisors LLC now owns 2,091 shares of the company’s stock worth $717,000 after buying an additional 265 shares during the period. Elser Financial Planning Inc acquired a new stake in Charter Communications in the fourth quarter valued at approximately $351,000. Wingate Wealth Advisors Inc. purchased a new position in Charter Communications in the fourth quarter worth approximately $45,000. Finally, Savant Capital LLC grew its holdings in Charter Communications by 9.3% during the 4th quarter. Savant Capital LLC now owns 1,972 shares of the company’s stock worth $676,000 after acquiring an additional 167 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $354.56 on Thursday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The stock has a market capitalization of $50.42 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.43 and a beta of 1.11. The company has a 50-day simple moving average of $356.87 and a 200-day simple moving average of $354.19. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the previous year, the business posted $7.07 earnings per share. On average, analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on CHTR. Wells Fargo & Company boosted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. Benchmark restated a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Finally, Pivotal Research increased their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus target price of $384.42.

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.