Teacher Retirement System of Texas Sells 25,321 Shares of Charter Communications Inc (CHTR)

Teacher Retirement System of Texas lessened its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 89.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,089 shares of the company’s stock after selling 25,321 shares during the quarter. Teacher Retirement System of Texas’ holdings in Charter Communications were worth $1,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. We Are One Seven LLC purchased a new stake in shares of Charter Communications during the fourth quarter worth about $26,000. Massey Quick Simon & CO. LLC bought a new stake in Charter Communications in the fourth quarter valued at about $29,000. Whitener Capital Management Inc. bought a new stake in Charter Communications in the fourth quarter valued at about $29,000. Hanson McClain Inc. increased its holdings in Charter Communications by 157.8% in the fourth quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock valued at $33,000 after buying an additional 71 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Charter Communications by 31.1% in the first quarter. Huntington National Bank now owns 135 shares of the company’s stock valued at $47,000 after buying an additional 32 shares during the last quarter. Institutional investors own 74.48% of the company’s stock.

In other Charter Communications news, EVP Richard R. Dykhouse sold 2,019 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $348.83, for a total value of $704,287.77. Following the transaction, the executive vice president now directly owns 9,880 shares of the company’s stock, valued at $3,446,440.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 1,325 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $375.18, for a total transaction of $497,113.50. Following the completion of the transaction, the director now directly owns 12,773 shares in the company, valued at $4,792,174.14. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.

CHTR has been the subject of several research analyst reports. Zacks Investment Research lowered Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Credit Suisse Group reissued a “neutral” rating and issued a $345.00 price target (up previously from $294.00) on shares of Charter Communications in a research report on Friday, February 1st. Citigroup increased their price target on shares of Charter Communications from $390.00 to $427.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. BidaskClub lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, March 13th. Finally, TD Securities increased their price target on shares of Charter Communications from $385.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, February 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $365.88.

CHTR stock traded down $0.62 during midday trading on Wednesday, reaching $378.59. The company’s stock had a trading volume of 4,882 shares, compared to its average volume of 1,224,544. Charter Communications Inc has a 52 week low of $259.48 and a 52 week high of $387.41. The stock has a market cap of $84.72 billion, a PE ratio of 72.48, a PEG ratio of 1.21 and a beta of 1.40. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.23). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the previous year, the business posted $0.70 earnings per share. Charter Communications’s revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts predict that Charter Communications Inc will post 7.4 earnings per share for the current fiscal year.

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About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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