Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1,188.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,077 shares of the company’s stock after acquiring an additional 7,450 shares during the period. Teacher Retirement System of Texas’ holdings in Charter Communications were worth $2,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC grew its position in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Charter Communications during the 4th quarter valued at $32,000. Generali Asset Management SPA SGR purchased a new position in Charter Communications during the fourth quarter worth $36,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications in the fourth quarter worth $45,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Charter Communications in the fourth quarter valued at $55,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR stock opened at $375.01 on Wednesday. The company’s fifty day simple moving average is $357.91 and its 200-day simple moving average is $355.75. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a market cap of $53.32 billion, a PE ratio of 10.73, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS 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 firm earned $7.07 EPS. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CHTR shares. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. KeyCorp raised shares of 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. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Finally, StockNews.com cut Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday. Four investment 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’s stock. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $389.39.

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.